Commitment period reserve

In order to address the concern that Parties could "oversell" units, and subsequently be unable to meet their own emissions targets, each Party is required to hold a minimum level of ERUs, CERs, AAUs and RMUs in its national registry. This is known as the "commitment period reserve."

Related topics

UNFCCC

Kyoto Protocol

Non-Annex I Parties

Annex I Parties