The Kyoto Protocol is an international agreement linked to the United Nations Framework Convention on Climate Change. The major feature of the Kyoto Protocol isthat it sets binding targets for 37 industrialized countries and the European community for reducing greenhouse gas (GHG) emissions .These reductions amount to an average of five per cent against 1990levels over the five-year period 2008-2012.
The Kyoto Protocol was an agreement negotiated by many countries in December 1997 and came into force with Russia's ratification on February 16,2005. The reason for the lengthy timespan between the terms of agreement being settled upon and the protocol being engaged was due to terms of Kyoto requiring at least 55 parties to ratify the agreementand for the total of those parties emissions to be at least 55% of global production of greenhouse gases.
The protocol was developed under the UNFCCC - the United Nations Framework Convention onClimate Change.
Participating countries that have ratified (which is an important term that I'll clarify) the Kyoto Protocol have committed to cut emissions of not only carbon dioxide, but of also othergreenhouse gases, being:
Nitrous oxide (N2O)
Sulphur hexafluoride (SF6)
If participant countries continue with emissions abovethe targets, then they are required to engage in emissions trading; i.e. buying "credits" from other participant countries who are able to exceed their reduction targets in order to offset.
The goalsof Kyoto were to see participants collectively reducing emissions of greenhouse gases by 5.2% below the emission levels of 1990 by 2012.
The Kyoto Protocol, while well intentioned, would appear tobe doomed to failing its objectives even before the 2008-2012 averaging period commences. Carbon dioxide levels in the atmosphere are rising at a frightening rate with no sign of slowing. Global...
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