An international agreement that aims to reduce carbon dioxide emissions and the presence of greenhouse gases. Countries that ratify the Kyoto Protocol are assigned maximum carbon emission levels and can participate in carbon credit trading. Emitting more than the assigned limit will result in a penalty for the violating country in the form of a lower emission limit in the following period.
What is your question??
The international agreement you are referring to is the Kyoto Protocol. The Kyoto Protocol is an international treaty that was adopted in 1997 and entered into force in 2005. Its main objective is to reduce greenhouse gas emissions and combat climate change.
Under the Kyoto Protocol, participating countries (referred to as Annex I countries) are assigned specific targets for reducing their greenhouse gas emissions, with a focus on carbon dioxide (CO2) emissions. These targets are based on a country's historical emissions and its level of economic development.
Each participating country has a maximum carbon emission level, which is referred to as its "assigned amount." The goal is to keep the global temperature increase below 2 degrees Celsius compared to pre-industrial levels.
One of the key elements of the Kyoto Protocol is the concept of carbon credit trading. Countries that emit less than their assigned limit can earn credits, known as emission reduction units (ERUs), certified emission reductions (CERs), or assigned amount units (AAUs). These credits can be sold to other countries that have exceeded their emission limits, allowing them to offset their emissions.
However, if a country exceeds its assigned limit and does not have sufficient credits to offset the excess emissions, it will face penalties in the form of a lower emission limit in the following commitment period. This penalty aims to discourage countries from exceeding their targets and provide an incentive for compliance.
It is important to note that the Kyoto Protocol has been succeeded by the Paris Agreement, which was adopted in 2015 and aims to further strengthen global efforts to combat climate change. The Paris Agreement builds upon the principles of the Kyoto Protocol and includes more comprehensive and flexible targets for emissions reductions.
The international agreement you are referring to is called the Kyoto Protocol. The main goal of the Kyoto Protocol is to combat climate change by reducing global carbon dioxide (CO2) emissions and other greenhouse gases (GHGs) that contribute to global warming.
Under the Kyoto Protocol, participating countries agree to set national targets for reducing their overall emissions. These targets are known as "assigned amounts" or "commitment periods." Each participating country is assigned a maximum level of carbon emissions they are allowed to produce during a specific time period.
One of the key features of the Kyoto Protocol is the concept of carbon credit trading. This allows countries that have successfully reduced their emissions below their assigned limits to sell their excess reduction as carbon credits to other countries that are struggling to meet their targets. This mechanism encourages cooperation and provides financial incentives for emission reductions.
If a country exceeds its assigned emission limit during a commitment period, it incurs penalties in the form of a lower emission limit for the following period. These penalties aim to hold countries accountable for their emissions and incentivize them to take effective measures to reduce their carbon footprint.
The Kyoto Protocol was adopted in 1997 and entered into force in 2005. However, it is worth noting that some countries, including the United States, withdrew from the agreement, and other major emitters such as China and India were not initially bound by specific emission reduction targets due to their developing country status.
It is important to mention that the Kyoto Protocol has been succeeded by the Paris Agreement, which was adopted in 2015. The Paris Agreement builds upon the Kyoto Protocol's framework and aims to strengthen global efforts to combat climate change by aligning countries towards a more sustainable and low-carbon future.