Clean Development Mechanism’ is important component of Kyoto Protocol. Consider the following statements in this respect.
Which of the above mentioned statements is/are correct?
None of the above
Annex I Parties include the industrialized countries that were members of the OECD (Organization for Economic Co-operation and Development) in 1992, plus countries with economies in transition (the EIT Parties), including the Russian Federation, the Baltic States, and several Central and Eastern European States.
Annex II Parties consist of the OECD members of Annex I, but not the EIT Parties. They are required to provide financial resources to enable developing countries to undertake emissions reduction activities under the Convention.
Non-Annex I Parties are mostly developing countries.