At the third world level meeting (UNFCCC = United Nations
Framework Convention on Climate Change) in Kyoto-Japan in December 1997, set 3 important mechanisms in an effort to reduce the amount of greenhouse gases, which are: Emission Trading, namely transaction activities between parties who succeed in reducing carbon emissions with other parties who cannot meet similar obligations. This mechanism can only be applied between developed industrial countries (Annex I group countries signing the Kyoto Protocol)
Cooperation between parties (Joint Implementation), which is a
cooperation between parties that cannot reduce their carbon emissions with other parties who can reduce their carbon emissions in the form of industrial projects to reduce carbon emissions. Even this mechanism can only be applied between developed industrial countries (Annex I group countries signing the Kyoto Protocol)
Clean Development Mechanism, which is a cooperation between
developing countries (which are not burdened with carbon emission reduction obligations) and developed industrial countries (Annex I group countries signing Kyoto Protocol) which are loaded with carbon emission reduction obligations)