If a countrys GHG emissions are below their emission allowances (that is, meeting Kyoto targets) they can sell these allowances to other industrialized countries that are emitting more than the allowance and not meeting their Kyoto targets. For example, a company in Brazil (a non-industrialized country) switches from coal power to biomass. The CDM (Clean Development Mechanism) board certifies that by doing this the company has reduced CO2 emissions by 100,000 tonnes per year. It is issued with 100,000 Certified Emission Reductions (CERs) which is also called a carbon credit. Under the Kyoto Protocol, the UK has to reduce its greenhouse gas emissions by 1 million tonnes of CO2 each year. If it purchases the 100,000 CERs from the Brazilian company, this target reduces from 1 million tonnes per year to 900,000 tonnes per year, making the goal easier to achieve.\ \ \ If a countrys GHG emissions are below their emission allowances (that is, meeting Kyoto targets) they can sell these allowances to other industrialized countries that are emitting more than the allowance and not meeting their Kyoto targets. For example, a company in Brazil (a non-industrialized country) switches from coal power to biomass. The CDM (Clean Development Mechanism) board certifies that by doing this the company has reduced CO2 emissions by 100,000 tonnes per year. It is issued with 100,000 Certified Emission Reductions (CERs) which is also called a carbon credit. Under the Kyoto Protocol, the UK has to reduce its greenhouse gas emissions by 1 million tonnes of CO2 each year. If it purchases the 100,000 CERs from the Brazilian company, this target reduces from 1 million tonnes per year to 900,000 tonnes per year, making the goal easier to achieve.\ \ \ True\ \ False\