Law-ref.org Kyoto Protocol to the United Nations Framework Convention on Climate Change
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ARTICLE-6     [go to this ARTICLE]
... 1. For the purpose of meeting its commitments under Article 3, any Party included in Annex I may transfer to, or acquire from, any other such Party emission reduction units resulting from projects aimed at reducing anthropogenic emissions by sources or enhancing anthropogenic removals by sinks of greenhouse gases in any sector of the economy, provided that: ...
... (a) Any such project has the approval of the Parties involved; ...
... (b) Any such project provides a reduction in emissions by sources, or an enhancement of removals by sinks, that is additional to any that would otherwise occur; ...


ARTICLE-12     [go to this ARTICLE]
... (a) Parties not included in Annex I will benefit from project activities resulting in certified emission reductions; and ...
... (b) Parties included in Annex I may use the certified emission reductions accruing from such project activities to contribute to compliance with part of their quantified emission limitation and reduction commitments under Article 3, as determined by the Conference of the Parties serving as the meeting of the Parties to this Protocol. ...
... 5. Emission reductions resulting from each project activity shall be certified by operational entities to be designated by the Conference of the Parties serving as the meeting of the Parties to this Protocol, on the basis of: ...
... (c) Reductions in emissions that are additional to any that would occur in the absence of the certified project activity. ...
... 6. The clean development mechanism shall assist in arranging funding of certified project activities as necessary. ...
... 7. The Conference of the Parties serving as the meeting of the Parties to this Protocol shall, at its first session, elaborate modalities and procedures with the objective of ensuring transparency, efficiency and accountability through independent auditing and verification of project activities. ...
... 8. The Conference of the Parties serving as the meeting of the Parties to this Protocol shall ensure that a share of the proceeds from certified project activities is used to cover administrative expenses as well as to assist developing country Parties that are particularly vulnerable to the adverse effects of climate change to meet the costs of adaptation. ...