The signatories to the Kyoto Protocol agreed to use a(n) ________ to reduce the cost of achieving their commitments.

Question

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The signatories to the Kyoto Protocol agreed to use an emissions permit trading system to reduce the cost of achieving their commitments. This system allows countries that have exceeded their emissions targets to sell their excess allowances to countries that are exceeding theirs. It creates a market-based approach to reducing emissions where companies can trade permits to emit a certain amount of greenhouse gases.

The Signatories to the Kyoto Protocol Agreed to Use A(n)