Kyoto Protocol

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Related to Kyoto Mechanisms: Clean Development Mechanism

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.
References in periodicals archive ?
(77) As far as Japan is concerned, 266 Mt[CO.sub.2]e credits purchased by Japanese entities so far account for around half of the expected shortfall for Japan (use of Kyoto Mechanisms by the Government and share of the burden borne by the private sector).
We will soon have a Kyoto Mechanisms Office, a Carbon Trust and a Sustainable Development Commission.
Earlier this year, Knollenberg attached language to a number of federal spending bills that stated in part, "Hereafter, no funds shall be used for the Kyoto Protocol, including such Kyoto mechanisms as carbon emissions trading and the clean development mechanism that are found solely in the Kyoto Protocol and nowhere else in the laws of the United States." This language was ultimately abandoned due to pressure from environmentalists, moderates in Congress, certain industry sectors, and eventually even the Republican leadership in favor of existing language (also authored by Knollenberg) that simply forbids using federal funds for Kyoto implementation without Senate ratification.
In the framework of this project the Wuppertal Institute supports the ministry in developing the framework conditions for use of the Kyoto mechanisms through scientific advice and supporting public relations work.
The problem results from the economic crisis (decline in industrial activity) and the abundant use of international credits obtained in exchange for green investments in the developing countries or transition economies under the Kyoto mechanisms. The commissioner confirmed that she plans "rapidly" to present proposals to stabilise the situation.
Among firms that have introduced/ will introduce Kyoto mechanisms, 62.9% cited "corporate social responsibility for environmental conservation" as their reason for participating in the mechanisms, followed by "possibility of increased business opportunities (from selling/ brokering products and technologies for CDM/ JI projects)" (40.2%) and "need to achieve voluntary emissions targets set within a company or related industry organization" (33.3%).
Japanese Environment Minister Yoriko Kawaguchi said early Friday the Kyoto mechanisms should be ''usable'' for countries with ''flexible rules'' and that she hoped an agreement will enable many countries to participate in the framework.
According to this road map, Europe can and must achieve this level mainly through national measures, with international credits (generated by the Kyoto mechanisms) being used to increase emissions reduction beyond the initial 80%.
The Kyoto mechanisms, including emissions trading, would allow countries meet part of their emission reduction targets with cuts made in other countries.
According to the road map, Europe can and must achieve an 80% reduction of GHG emissions by 2050 mainly through national measures, with international credits (generated by the Kyoto mechanisms) being used to increase emissions reduction beyond the initial 80%.
The Council also stresses the need for alternative financing, particularly in the private sector, and the important role of the carbon market and Kyoto mechanisms in this respect.
One of the contentious issues under debate is the so-called ''Kyoto mechanisms,'' under which some countries could meet their emission reduction targets through cuts in other countries.

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