‘Kyoto Protocol’, an agreement signed by various countries, is associated with
(a) International trade
(b) Deep sea oil and mineral exploration
(c) Clean environment and climate change
(d) Building common food stock to save
National targets range from 8% reductions for the European Union and some others to 7% for the US, 6% for Japan, 0% for Russia, and permitted increases of 8% for Australia and 10% for Iceland. As of September 2011, 191 states have signed and ratified the protocol.The only remaining signatory not to have ratified the protocol is the United States.
The Kyoto Protocol is a legally binding agreement under which industrialized countries will reduce their collective emissions of greenhouse gases by 5.2% compared to the year 1990.The goal is to lower overall emissions from six greenhouse gases - carbon dioxide, methane, nitrous oxide, sulfur hexafluoride, HFCs, and PFCs - calculated as an average over the five-year period of 2008-12.
The Protocol sets binding targets for developed countries, known as
“Annex I Parties”, to limit or reduce greenhouse gas emissions.It has
established innovative mechanisms to assist these Parties in meeting
their emissions commitments.The Kyoto Protocol sets a specific time period – known as the first
commitment period – for Annex I Parties to achieve their emission
reduction and limitation commitments, commencing in 2008 and
ending in 2012.
The Kyoto Protocol was adopted in Kyoto, Japan, on 11 December 1997 and entered into force on 16 February 2005. The detailed rules for the implementation of the Protocol were adopted at COP 7 in Marrakesh in 2001, and are called the “Marrakesh Accords.”
The Kyoto Protocol is an international agreement linked to the United Nations Framework Convention on Climate Change. 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.