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Accounting and Corporate Reporting - Today and Tomorrow
During the first commitment period of the Kyoto Protocol, many developed countries were forced to restrict carbon emissions. Flexible mechanisms were initiated to reduce carbon emissions and support clean energy projects. Regulated carbon markets were established to trade carbon premiums produced by these projects by signatory countries, while carbon premiums produced by nonsignatory countries were traded in voluntary markets. Following limited participation in the Kyoto Protocol, by thedoi:10.5772/intechopen.68959 fatcat:5q2jxmbo4rgezeenbpw7nrosyy