The Kyoto Protocol is a protocol to the United Nations Framework Convention on Climate Change (UNFCCC or FCCC), aimed at fighting global warming. The UNFCCC is an international environmental treaty with the goal of achieving the "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 September 2011, 191 states have signed and ratified the protocol. The only remaining signatory not to have ratified the protocol is the United States. Other states yet to ratify Kyoto include Afghanistan, Andorra and South Sudan, after Somalia ratified the protocol on 26 July 2010.
Under the Protocol, 37 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 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 CO2 equivalents (CO2-eq) 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. 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.
Objective of the Kyoto:
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. According to the treaty, in 2012, Annex I countries must have fulfilled their obligations of reduction of greenhouse gases emissions established for the first commitment period (2008–2012) (listed in Annex B of the Protocol).
The Kyoto Protocol's first round commitments are the first detailed step of the UN Framework Convention on Climate Change (Gupta et al., 2007). The Protocol establishes a structure of rolling emission reduction commitment periods, with negotiations on second period commitments that were scheduled to start in 2005 (see Kyoto Protocol#Successor for details) (Grubb and Depledge, 2001, p. 269). The first period emission reduction commitments expire at the end of 2012.
The ultimate objective of the UNFCCC is the "stabilization of greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system." Even if Annex I Parties succeed in meeting their first-round commitments, much greater emission reductions will be required in future to stabilize atmospheric GHG concentrations (Grubb and Depledge, 2001, p. 269; IPCC, 2001, p. 122).
The five principal concepts of the Kyoto Protocol are:
•Commitments to the Annex-countries. The heart of the Protocol lies in establishing commitments for the reduction of greenhouse gases that are legally binding for Annex I countries. Dividing the countries in different groups is one of the key concepts in making commitments possible, where only the Annex I countries in 1997, were seen as having the economic capacity to commit themselves and their industry. Making only the few nations in the Annex 1 group committed to the protocols limitations.
•Implementation. In order to meet the objectives of the Protocol, Annex I countries are required to prepare policies and measures for the reduction of greenhouse gases in their respective countries. In addition, they are required to increase the absorption of these gases and utilize all mechanisms available, such as joint implementation, the clean development mechanism and emissions trading, in order to be rewarded with credits that would allow more greenhouse gas emissions at home.
•Minimizing Impacts on Developing Countries by establishing an adaptation fund for climate change.
•Accounting, Reporting and Review in order to ensure the integrity of the Protocol.
•Compliance. Establishing a Compliance Committee to enforce compliance with the commitments under the Protocol.
