Article 16
The Conference of the Parties serving as the meeting of the
Parties to this Protocol shall, as soon as practicable, consider the
application to this Protocol of, and modify as appropriate, the
multilateral consultative process referred to in Article 13 of the
Convention, in the light of any relevant decisions that may be taken
by the Conference of the Parties. Any multilateral consultative
process that may be applied to this Protocol shall operate without
prejudice to the procedures and mechanisms established in accordance
with Article 17.
Article 16 bis
The Conference of the Parties shall define the relevant
principles, modalities, rules and guidelines, in particular for
verification, reporting and accountability for emissions trading. The
Parties included in Annex B may participate in emissions trading for
the purposes of fulfilling their commitments under Article 3 of this
Protocol. Any such trading shall be supplemental to domestic actions
for the purpose of meeting quantified emission limitation and
reduction commitments under that Article.