"This is the penultimate negotiating session before COP 15 in Copenhagen in December, at which an ambitious and effective international climate change deal is to be clinched, " according to today's announcement on the UNFCCC web site.
The Kyoto Protocol sets binding targets for 37 industrialized countries and the European community for reducing greenhouse gas emissions. These amount to an average of five per cent against 1990 levels over the five-year period 2008-2012.
The Kyoto Protocol as explained by the UNFCCC:
"Under the Treaty, countries must meet their targets primarily through internal national measures. However, the Kyoto Protocol offers them an additional means of meeting their targets by way of three market-based mechanisms:
- Emissions trading – known as 'the carbon market'
- Clean development mechanism (CDM)
- Joint implementation (JI).
"The mechanisms help stimulate green investment and help the nations meet their emission targets in a cost-effective way."
No comments:
Post a Comment