The Kyoto Protocol is a protocol to the United Nations Framework Convention on Climate Change (UNFCCC or FCCC), aimed at combating global warming. The UNFCCC is an international environmental treaty with the goal of achieving "stabilization of greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system."
The Protocol was initially adopted on 11 December 1997 in Kyoto, Japan and entered into force on 16 February 2005. As of November 2009, 187 states have signed and ratified the protocol. The most notable non-member of the Protocol is the United States, which is a signatory of UNFCCC and was responsible for 36.1% of the 1990 emission levels.
Under the Protocol, 37 industrialized countries (called "Annex I countries") commit themselves to a reduction of four greenhouse gases (GHG) (carbon dioxide, methane, nitrous oxide, sulphur hexafluoride) and two groups of gases (hydrofluorocarbons and perfluorocarbons) produced by them, and all member countries give general commitments. Annex I countries agreed to reduce their collective greenhouse gas emissions by 5.2% from the 1990 level. Emission limits do not include emissions by international aviation and shipping, but are in addition to the industrial gases, chlorofluorocarbons, or CFCs, which are dealt with under the 1987 Montreal Protocol on Substances that Deplete the Ozone Layer.
The benchmark 1990 emission levels were accepted by the Conference of the Parties of UNFCCC (decision 2/CP.3) were the values of "global warming potential" calculated for the IPCC Second Assessment Report. These figures are used for converting the various greenhouse gas emissions into comparable CO 2 equivalents when computing overall sources and sinks.
The Protocol allows for several "flexible mechanisms", such as emissions trading, the clean development mechanism (CDM) and joint implementation to allow Annex I countries to meet their GHG emission limitations by purchasing GHG emission reductions credits from elsewhere, through financial exchanges, projects that reduce emissions in non-Annex I countries, from other Annex I countries, or from annex I countries with excess allowances.
Each Annex I country is required to submit an annual report of inventories of all anthropogenic greenhouse gas emissions from sources and removals from sinks under UNFCCC and the Kyoto Protocol. These countries nominate a person (called a "designated national authority") to create and manage its greenhouse gas inventory. Countries including Japan, Canada, Italy, the Netherlands, Germany, France, Spain and others are actively promoting government carbon funds, supporting multilateral carbon funds intent on purchasing carbon credits from non-Annex I countries, and are working closely with their major utility, energy, oil and gas and chemicals conglomerates to acquire greenhouse gas certificates as cheaply as possible. Virtually all of the non-Annex I countries have also established a designated national authority to manage its Kyoto obligations, specifically the "CDM process" that determines which GHG projects they wish to propose for accreditation by the CDM Executive Board.
Background
The prevailing international scientific opinion on climate change is that human activities resulted in substantial global warming from the mid-20th century, and that continued growth in greenhouse gas concentrations caused by human-induced emissions would generate high risks of dangerous climate change.
The Intergovernmental Panel on Climate Change (IPCC) has predicted an average global rise in temperature of 1.4°C (2.5°F) to 5.8°C (10.4°F) between 1990 and 2100.
Ratification process
The Protocol was adopted by COP 3 on 11 December 1997 in Kyoto, Japan. It was opened on 16 March 1998 for signature by parties to UNFCCC.
Countries which are parties to UNFCCCArticle 25 of the Protocol specifies that the Protocol enters into force "on the ninetieth day after the date on which not less than 55 Parties to the Convention, incorporating Parties included in Annex I which accounted in total for at least 55% of the total carbon dioxide emissions for 1990 of the Annex I countries, have deposited their instruments of ratification, acceptance, approval or accession."
The EU and its Member States ratified the Protocol in May 2002. Of the two conditions, the "55 parties" clause was reached on 23 May 2002 when Iceland ratified the Protocol. The ratification by Russia on 18 November 2004 satisfied the "55%" clause and brought the treaty into force, effective 16 February 2005, after the required lapse of 90 days.
As of November 2009, 186 countries and one regional economic organization (the EC) have ratified the agreement, representing over 63.9% of the 1990 emissions from Annex I countries. Australia ratified the Kyoto Protocol on 3 December 2007, which came into effect at the end of March 2008.
The most notable non-party to the Protocol is the United States, which is a party to UNFCCC and was responsible for 36.1% of the 1990 emission levels of Annex I countries.
The Protocol can be signed and ratified only by parties to UNFCCC, (Article 24) and a country can withdraw by giving 12 months notice. (Article 27)
Objectives
The objective is the "stabilization and reconstruction of greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system."
The objective of the Kyoto climate change conference was to establish a legally binding international agreement, whereby all the participating nations commit themselves to tackling the issue of global warming and greenhouse gas emissions. The target agreed upon was an average reduction of 5.2% from 1990 levels by the year 2012.
Proponents also note that Kyoto is a first step as requirements to meet the UNFCCC will be modified until the objective is met, as required by UNFCCC Article 4.2(d).
The five principal concepts of the Kyoto Protocol are:
- commitments to reduce greenhouse gases that are legally binding for annex I countries, as well as general commitments for all member countries;
- implementation to meet the Protocol objectives, to prepare policies and measures which reduce greenhouse gases; increasing absorption of these gases (for example through geosequestration and biosequestration) and use all mechanisms available, such as joint implementation, clean development mechanism and emissions trading; being rewarded with credits which allow more greenhouse gas emissions at home;
- minimizing impacts on developing countries by establishing an adaptation fund for climate change;
- accounting, reporting and review to ensure the integrity of the Protocol;
- compliance by establishing a compliance committee to enforce commitment to the Protocol.
2012 emission targets and "flexible mechanisms"
39 of the 40 Annex I countries have ratified the Protocol. Of these 34 have committed themselves to a reduction of greenhouse gases (GHG) produced by them to targets that are set in relation to their 1990 emission levels, in accordance with Annex B of the Protocol. The targets apply to the four greenhouse gases carbon dioxide, methane, nitrous oxide, sulphur hexafluoride, and two groups of gases, hydrofluorocarbons and perfluorocarbons. The six GHG gases are translated into CO 2 equivalents in determining reductions in emissions. These reduction targets are in addition to the industrial gases, chlorofluorocarbons, or CFCs, which are dealt with under the 1987 Montreal Protocol on Substances that Deplete the Ozone Layer.
Under the Protocol, Annex I countries have committed themselves to national or joint reduction targets, (formally called "quantified emission limitation and reduction objectives"- Article 4.1) that range from a joint reduction of 8% for the European Union and others, to 7% for the United States (non-binding as the US is not a signatory), 6% for Japan and 0% for Russia. The treaty permits emission increases of 8% for Australia and 10% for Iceland. Emission limits do not include emissions by international aviation and shipping.
Annex I countries under the Kyoto Protocol, their 2012 commitments (% of 1990) and 1990 emission levels (% of all Annex I countries)Annex I countries can achieve their targets by allocating reduced annual allowances to major operators within their borders, or by allowing these operators to exceed their allocations by offsetting any excess through a mechanism that is agreed by all the parties to the UNFCCC, such as by buying emission allowances from other operators which have excess emissions credits.
38 of the 39 Annex I countries have agreed to cap their emissions in this way, two others are required to do so under their conditions of accession into the EU, and one more (Belarus) is seeking to become an Annex I country.
The Protocol provides for several "flexible mechanisms" which enable Annex I countries to meet their GHG emission targets by acquiring GHG emission reductions credits. The credits are acquired by an Annex I country financing projects that reduce emissions in non-Annex I countries or other Annex I countries, or by purchasing credits from Annex I countries w
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