It also created the Flexibility Mechanisms, Joint Implementation and the Clean Development Mechanism (CDM), that enabled the creation and use of carbon credits from greenhouse gas emission reduction projects.
Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users | Flexible Mechanisms | Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU) | Disease Models & Mechanisms |
# Flexible Mechanisms: The "flexibility" mechanisms which the United States had strongly favored when the Protocol was initially put together, including emissions trading; Joint Implementation (JI); and the Clean Development Mechanism (CDM) which allow industrialized countries to fund emissions reduction activities in developing countries as an alternative to domestic emission reductions.