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ENVIRONMENTAL governments as see an

international agreement as in
SUSTAINABILITY
their own best interest.
One of the most persistent
concerns of the twenty-first
century. This will require
extensive lifestyle and cultural
shifts, particularly in
industrialized societies. Even if
there is an increasing awareness
on the importance of issues like 3. Kyoto Protocol
climate change, food security,
transportation, and preservation Under the protocol, countries must
of biodiversity, typically meet their targets primarily through
persistent unsustainable lifestyle national agencies and there are
pattern still emerge. three mechanisms to meet their
targets and these are :
Protocols and Conventions:
1. International Emissions Trading
1. The Vienna Convention for the - International Emissions
Protection of the Ozone Layer Trading is a system where
parties that have exceeded their
Served as a framework for
emission reduction commitments
determination to protect the
under the Kyoto Protocol may sell
globes ozone layer.
excess assigned amount units
Provided the context for (AAUs). Other parties may meet
international restrictions on the their own emissions reductions by
production of ozone-depleting purchasing these AAUs or offset
substances. The obligations are credits from developing countries.
universal and contain no specific The mechanism has resulted in
limits on chemicals that deplete several national and regional
the zone layer. trading schemes, including
the European Union Emission
2. Montreal Protocol on Substances that Trading Scheme.
Deplete the Ozone Layer
2. Clean Development
Reflects a merging in interests of Mechanism - the most successful
scientists who informed people, of the three flexible mechanisms.
industries and other concerned It has two main goals: one, to
on growing threats to the ozone assist countries without emissions
layer. Companies responded to targets (ie developing countries)
new national legislation on the in achieving sustainable
control of harmful chemicals, development. Two, help those
nongovernmental organizations countries with emission reduction
advocate environmental targets under Kyoto (ie developed
protection and national countries) in achieving
compliance by allowing them to
purchase offsets created by CDM the JI project, in contrast to the
projects. CDM project, takes place in a
country which has a commitment
3. Joint implementation (JI) - to reduce emissions under the
Unlike the case of the Clean Kyoto Protocol.
Development Mechanism, the JI
has caused less concern of
spurious emission reductions, as

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