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Kyoto protocol

Page history last edited by PBworks 15 years, 8 months ago

Kyoto Protocol

 

see also:  carbon trading  (emissions trading)

 

 

(definition from Wikipedia)

 

The Kyoto Protocol is a protocol to the international Framework Convention on Climate Change with the objective of reducing Greenhouse gases that cause climate change. It was agreed on 11 December 1997 at the 3rd Conference of the Parties to the treaty when they met in Kyoto, and entered into force on 16 February 2005.

 

As of November 2007, 174 parties have ratified the protocol. Of these, 36 developed countries (plus the EU as a party in its own right) are required to reduce greenhouse gas emissions to the levels specified for each of them in the treaty (representing over 61.6% of emissions from Annex I countries) [1] [2], with three more countries intending to participate[3]. One hundred and thirty-seven (137) developing countries have ratified the protocol, including Brazil, China and India, but have no obligation beyond monitoring and reporting emissions.

Among various experts, scientists and critics there is some debate about the usefulness of the protocol, and there have been cost-benefit studies performed on its usefulness.

 

 

Participation in the Kyoto Protocol: green indicates states parties, yellow indicates states with ratification pending, and red indicates those that signed but declined ratification of the treaty.
Participation in the Kyoto Protocol: green indicates states parties, yellow indicates states with ratification pending, and red indicates those that signed but declined ratification of the treaty.
 
 

 

 

Canada having trouble meeting Kyoto protocol

 

Baird has warned that adherence to the Kyoto standards would  drive the economy into recession, and has argued that Canada must produce its own environmental plan with reasonable goals for emission reductions. Baird’s plan calls for mandatory intensity-based targets to reduce industrial emissions of greenhouse gases and air pollutants, the setting up of an emissions-trading system, and increased regulations on energy use covering a variety of energy consuming products.

 

There must be an opportunity here for entrepreneurs!

 

The burgeoning oil sands extraction business (in Western Canada) may be one the biggest hurdles to reducing emissions. The process of extracting oil from oil sands produces two to three times more carbon dioxide than normal well-based production. The government’s plan will require oil-sands projects to reduce the ratio of emissions to oil by 2% per year. However, production may decrease significantly if California and 11 other US states move ahead with plans to ban the sale of petroleum derived from emissions-intensive sources.

 

 

see also:  carbon trading  (emissions trading)

 

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