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Kyoto Protocol
International legally-binding agreement adopted
at Kyoto in 1997 under the UN Framework Convention on Climate Change to
reduce the emissions of greenhouse gases.
In detail
The objective of the Kyoto Protocol is to stabilise the amount of
greenhouse gases in the atmosphere at a level that will prevent
dangerous interference in the climate system. This is meant to be
achieved through legally binding emissions targets over a given period
of time.
The Protocol has a number of different parts: a
clean development mechanism which allows wealthier countries to invest
in emission reduction projects in developing countries in exchange for
carbon credits, an emissions trading scheme between wealthier countries
and joint implementation allowing for cross-border cooperation on
projects.
The Protocol entered into force in 2005 and
international negotiations are already underway to determine how it
will play out in the future.
Find out more
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Last Updated Tuesday, 17 August 2010 |