Kyoto Protocol |
The Kyoto Protocol is an international agreement linked to the United Nations Framework Convention on Climate Change. The major distinction between the Protocol and the Convention is that while the Convention encouraged industrialised countries to stabilize GHG emissions, the Protocol commits them to do so. The Protocol entered into force on 16 February 2005. Currently, there are 192 Parties (191 States and 1 regional economic integration organization) to the Kyoto Protocol to the UNFCCC. The total percentage of Annex I Parties emissions is 63.7%. |
The major feature of the Kyoto Protocol is that it sets binding targets for 37 industrialized countries and the European community for reducing greenhouse gas (GHG) emissions .These amount to an average of five per cent against 1990 levels over the five-year period 2008-2012. |
Listed in the Annex A to the Protocol are six greenhouse gases (GHG) that Annex I Parties are required to reduce: Carbon dioxide (C02), Methane (CH4), Nitrous oxide (N20), Hydrofluorocarbons (HFCs), Perfluorocarbons (PFCs) and Sulphur hexafluoride (SF6). It is important to say that industrially developed countries with quantified emission GHG emission reduction targets are listed in Annex B of Kyoto Protocol and Annex I of the Convention. The parties which are not listed in Annex I of the Convention are called non-Annex I Parties to the Convention. These countries do not have quantified emission reduction targets, but they are obligated to fulfill general obligations stipulated in the Convention and Protocol. |