Once a participating Party has complied with modalities for monitoring, reporting and verification of sectoral emission levels, and accounting of emission allowances, the emission allowances may be transferred and acquired internationally and may be used by Annex I Parties to meet their emission commitments under Article 3, paragraph 1.
Once a participating Party has complied with modalities for monitoring, reporting and verification of sectoral emission levels, and accounting of emission allowances, the emission allowances may be transferred and acquired internationally and may be used by Annex I Parties to meet their emission commitments under Article 3, paragraph 1.