The Kyoto Protocol,which Entered into Force in 2005,is a Significant

question 8

Multiple Choice

The Kyoto Protocol,which entered into force in 2005,is a significant component of the United Nations Framework Convention on Climate Change which was concluded in 1992.What were the goals of that Convention?

• A)To set a framework for governments to tackle climate change
• B)To gather and share information on greenhouse gas emissions,national policies,and best practices
• C)To draft legislation to address greenhouse emissions
• D)To launch national strategies to address greenhouse emissions
• E)All of these were goals with the exception of the draft legislation.

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Definitions:

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows over a period of time. It is used to evaluate the profitability of an investment or project.

Default Rate

The proportion of loans or debt instruments that are not repaid as agreed, leading to default, within a specific period.

Monthly Interest Rate

The Monthly Interest Rate is the interest rate charged or earned per month on a loan, savings account, or investment, expressed as a percentage of the principal.

NPV

Net Present Value; a financial metric that evaluates the profitability of an investment or project by calculating the difference between the present value of cash inflows and outflows over a period of time.