Kyoto Protocol

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Related to Kyoto Credits: Kyoto Protocol, Kyoto Treaty

Kyoto Protocol

An international treaty intended to combat global warming that limits the amount of greenhouse gases that nations may emit. Every major country in the world has ratified the Kyoto Protocol except the United States (which never ratified it) and Canada (which withdrew in 2011). The treaty was signed in 1997 and came into effect in 2005.
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References in periodicals archive ?
'Furthermore, the coming into force of the EU emissions trading scheme in January next year should stimulate demand for Kyoto credits - under a recent EU Directive, companies can use these credits towards meeting their emissions reduction targets under the EU scheme.
'Add to this the demand, from several European governments, who plan to purchase Kyoto credits on a large scale, and the new carbonemission caps being mooted in Canada and Japan, and you get a clear picture of the considerable market forces building up in favour of clean energy projects in India.'

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