The Kyoto Protocol is probably the most well-known cap and trade scheme to mitigate climate change.

Name: The Kyoto Protocol is probably the most well-known cap and trade scheme to mitigate climate change.
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The Kyoto Protocol, adopted in 1997, is an international treaty that established legally binding obligations for developed countries to reduce their greenhouse gas emissions, and it introduced mechanisms like cap and trade to achieve these targets.

The Kyoto Protocol Is Probably the Most Well-Known Cap and Trade