KYOTO PROTOCOL
An international treaty among industrialized countries that committed to reduce its carbon dioxide emissions and presence of greenhouse gases. Countries came up with this agreement on the occasion of the United Nations Conference on Climate Change in Kyoto, Japan in 1997. They are commissioned with a maximum level of carbon emission and may take part in carbon credit trading. Nations who violate the agreement will be subject to a penalty by lowering its emission limit in the following period.
The protocol divides the countries into two groups: Annex I (developed nations) and Non-Annex II (developing countries). The emission limit is only placed to nations under Annex I. But Non-Annex I group members can participate by putting investment in projects that lower emission level in their nations.
POPULAR TERMS
Normalized Earnings
Advanced Funded Pension Plan
Point-Of-Sale Terminal
Earnings Momentum
Nonlegal Investment
POPULAR ARTICLE
SEE FOREX TUTORIAL
Student Loans: Consolidating Federal Loans
Buying a Home: Looking for an Agent
Choosing Your Bank
Starting Your Own Small Business: Choosing What You Want to Sell
Digesting Financial Statements: Pension Plans
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 05:00 | Credit Card Spending | Aug | |
| 12:00 | Bundesbank Monthly Report | ||
| 14:30 | New Housing Price Index | Aug | |
| 16:00 | Federal Reserve Chairman Jerome Powell Speaks | ||
| 16:00 | Federal Reserve Chairman Jerome Powell Speaks | ||
| 18:00 | FOMC Member Lael Brainard Speaks | ||
| 18:00 | FOMC Member Lael Brainard Speaks | ||
| 00:00 | FOMC Member John C. Williams Speaks | ||
| 00:00 | FOMC Member Robert Kaplan Speaks |
