What is the purpose of the Kyoto Protocol?
The Kyoto Protocol is an international agreement that was adopted in 1997 to address the issue of global warming. Its purpose is to reduce global emissions of six greenhouse gases (GHGs) from industrial sources over a five-year period. The Protocol was developed as part of the United Nations Framework Convention on Climate Change (UNFCCC), an international treaty that was designed to reduce emissions of GHGs from all countries. In Utah, the Kyoto Protocol has been implemented through state legislation. This legislation requires the state to meet certain GHG emissions targets. If the state fails to meet the targets, a series of financial penalties are imposed. These penalties are meant to incentivize industry to find ways to reduce emissions. The Protocol also sets up a cap-and-trade system for GHG emissions. This system sets limits on emissions and allows companies to trade emission credits with each other. In this way, companies that are successful at reducing emissions can benefit financially, while those that are not able to reduce emissions may have to purchase credits from other companies. Overall, the purpose of the Kyoto Protocol is to reduce global GHG emissions and create an international system for tracking and trading emissions credits. By setting GHG targets for individual countries, the Protocol serves to create incentives for industry to reduce emissions and invest in clean energy technology. By implementing the Protocol in Utah, the state sends a message to the rest of the world that it is serious about fighting climate change.
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