Consider the following pairs:

Kyoto Mechanism

Mandate

1. Clean Development Mechanism

Implementing emission reduction projects in developing countries

2.  Joint Implementation

Earning emission reduction units from an emission reduction project in another annexe B party

3. Emission Trading

Allows countries that have emission units to spare, to sell this excess capacity to countries that are over their targets

Which of the pairs given above is/are correctly matched?

1
1 only
2
2 and 3
3
3 only
4
1, 2 and 3

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