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May 26, 2024 · Kyoto Protocol UPSC In order to address global climate change, the Kyoto Protocol was a global agreement created under the United Nations Framework Convention on Climate Change (UNFCCC). Even though it is no longer in force, the Kyoto Protocol is still relevant for the majority of difficult tests.
4. “Montreal Protocol” means the Montreal Protocol on Substances that Deplete the Ozone Layer, adopted in Montreal on 16 September 1987 and as subsequently adjusted and amended. 5. “Parties present and voting” means Parties present and casting an affirmative or negative vote. 6.
The Kyoto Protocol was the first major international effort to slow global climate change. Since 1997, 191 countries have backed the agreement, though the United States has not. Nations in the developing world are not bound by targets in the Kyoto Protocol. Some of these nations, such as China and Brazil, support industrial economies.
The Clean Development Mechanism (CDM), defined in Article 12 of the Protocol, allows a country with an emission-reduction or emission-limitation commitment under the Kyoto Protocol (Annex B Party) to implement an emission-reduction project in developing countries. Such projects can earn saleable certified emission reduction (CER) credits, each ...
May 6, 2019 · Kyoto protocol aimed to cut emissions of greenhouse gases across the developed world by about 5 per cent by 2012 compared with 1990 levels. The Protocol is based on the principle of common but differentiated responsibilities. Kyoto Protocol is the only global treaty with binding limits on GHG emissions.
An international transaction log, a software-based accounting system, ensures the secure transfer of emission reduction units (ERUs) between countries. The Kyoto Protocol spurred the creation of the European Union emissions trading scheme, and many people foresee the growth and linking of emission markets globally.
Emissions trading, as set out in Article 17 of the Kyoto Protocol, allows countries that have emission units to spare - emissions permitted them but not "used" - to sell this excess capacity to countries that are over their targets. Thus, a new commodity was created in the form of emission reductions or removals.
