What is the purpose of the Kyoto Protocol?
The Kyoto Protocol is an international agreement that was adopted to reduce greenhouse gas emissions in an effort to prevent global climate change. The agreement was made in 1997 under the United Nations Framework Convention on Climate Change (UNFCCC). It is legally binding to its signatories, who agree to reduce their emissions of six greenhouse gases (GHGs) by specific amounts. The main goal of the Kyoto Protocol is to reduce global warming by curbing the production of greenhouse gases. To do this, signatories agree to set an overall limitation on the amount of emissions of GHGs they can produce. This limit is based on their 1990 emissions levels and a percentage of the total global emissions. The Protocol also sets forth emissions trading mechanisms, also known as cap and trade, which countries use to trade emission credits. This establishes additional incentives for countries to reduce emissions, as the credits can be sold to other countries. Additionally, the Protocol creates an international monitoring system that tracks the amount of GHG emissions each country is producing. It also provides financial assistance to developing countries, with the intent of helping them manage their emissions. In summary, the Kyoto Protocol is an international agreement that sets a decrease in greenhouse gas emissions with the goal of stopping global climate change. It provides incentives for countries to reduce their emissions and assists developing countries in their efforts.
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