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Saved by 5 people (1 private), first by anonymouse user on 2007-03-01


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The 1997 Kyoto Protocol shares the Convention’s objective, principles and institutions, but significantly strengthens the Convention by committing Annex I Parties to individual, legally-binding targets to limit or reduce their greenhouse gas emissions.

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it became increasingly evident that only a firm and binding commitment by developed countries to reduce emissions could send a signal strong enough to convince businesses, communities and individuals to act on climate change

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The major distinction between the two, however, is that while the Convention encouraged developed countries to stabilize GHG emissions, the Protocol commits them to do so.

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Because it will affect virtually all major sectors of the economy, the Kyoto Protocol is considered to be the most far-reaching agreement on environment and sustainable development ever adopted.

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These targets must be met within a five-year time frame between 2008 and 2012, and add up to a total cut in GHG emissions of at least 5% against the baseline of 1990

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The Protocol places a heavier burden on developed nations under the principle of “common but differentiated responsibilities.” This has two main reasons. Firstly, those countries can more easily pay the cost of cutting emissions. Secondly, developed countries have historically contributed more to the problem by emitting larger amounts of GHGs per person than in developing countries.

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These mechanisms help identify lowest-cost opportunities for reducing emissions and attract private sector participation in emission reduction efforts.

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Some scientists have doubted the scientific basis of the Kyoto Protocol, claiming that there is not a clear connection between increases in GHG emissions and climate change. The Fourth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC), launched in the course of 2007, put an end to that discussion. Prepared by scientists from all over the world, it placed the reality of human-induced climate change beyond any doubt.

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As a result of the Protocol, governments have already put, and are continuing to put legislation and policies in place to meet their commitments; a carbon market has been created; and more and more businesses are making the investment decisions needed for a climate-friendly future.

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