News tagged with kyoto protocol
Japan emissions rising after atomic crisis: report
Japanese manufacturer's greenhouse gas emissions are rising after the Fukushima nuclear power plant disaster, hurting the country's carbon reduction goals, a report said Sunday.
Jan 29, 2012 |
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India 'won't sign binding emissions pact': minister
India said Tuesday it would reject any global pact legally binding it to cut greenhouse gas emissions as such a move could stifle economic growth needed to eradicate poverty.
Dec 27, 2011 |
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Russia slams Kyoto Protocol
Russia supports Canada's decision to pull out of the Kyoto Protocol, says its foreign ministry, reaffirming Friday that Moscow will not take on new commitments.
Dec 16, 2011 |
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UN: Canada still obliged to fight climate change
The UN climate chief on Tuesday voiced regret over Canada's withdrawal from the Kyoto Protocol and said that the country still had legal obligations to work against global warming.
Dec 13, 2011 |
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Canada withdrawal from Kyoto is 'bad news': France
Canada's decision to withdraw from the Kyoto protocol is "bad news" for global efforts against climate change, the French foreign ministry said on Tuesday.
Dec 13, 2011 |
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Canada's Kyoto withdrawal under fire from China
Canada's historic decision to withdraw from the Kyoto protocol provoked heavy criticism from China on Tuesday, with Beijing saying the move went against international efforts to combat climate change. ...
Dec 13, 2011 |
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Canada formally withdraws from Kyoto Protocol (Update)
Canada became the first country to formally withdraw from the Kyoto Protocol, saying the pact on cutting carbon emissions was preventing the world from effectively tackling climate change.
Dec 12, 2011 |
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Durban climate deal leaves difficult road ahead
The world's nations on Sunday set their sights on a new all-encompassing pact on climate change that marks a break with the past and will also be gruelling to achieve.
Dec 11, 2011 |
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Climate conference approves landmark deal
(AP) -- A U.N. climate conference reached a hard-fought agreement Sunday on a far-reaching program meant to set a new course for the global fight against climate change.
Dec 11, 2011 |
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Conference in overtime on future of climate talks
(AP) -- Deep into overtime, negotiators from 194 nations worked straight through a second night, parsing drafts and seeking compromises to map out the future pathway to fight global warming.
Dec 10, 2011 |
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UN climate talks on edge heading into final hours
(AP) -- The United States, China and India could scuttle attempts to save the only treaty governing global warming, Europe's top negotiator said Friday hours before a 194-nation U.N. climate conference was ...
Dec 09, 2011 |
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Climate talks see some progress as clock ticks
World climate talks late Thursday inched towards common ground that would bring China, the United States and Europe into a deal on tackling global warming.
Dec 08, 2011 |
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UN chief doubts comprehensive climate deal likely
(AP) -- An all-encompassing climate deal "may be beyond our reach for now," the U.N. chief said Tuesday as China and India delivered a setback to European plans to negotiate a new treaty that would bind all ...
Dec 06, 2011 |
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Climate totem: Has Kyoto run its course?
Should the Kyoto Protocol, the only international curb on greenhouse gases, be allowed to die?
Dec 06, 2011 |
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Back-room negotiations begin on climate intentions
(AP) -- Back-room negotiations began in earnest Monday on a deal to rescue the only treaty governing greenhouse gas reductions and to launch talks on a broader agreement to include the world's largest polluters: ...
Dec 05, 2011 |
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Kyoto Protocol
The Kyoto Protocol is a protocol to the United Nations Framework Convention on Climate Change (UNFCCC or FCCC), an international environmental treaty with the goal of achieving "stabilization of greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system." The Kyoto Protocol establishes legally binding commitment for the reduction of four greenhouse gases (carbon dioxide, methane, nitrous oxide, sulphur hexafluoride), and two groups of gases (hydrofluorocarbons and perfluorocarbons) produced by "annex I" (industrialized) nations, as well as general commitments for all member countries. As of January 2009[update], 183 parties have ratified the protocol, which was initially adopted for use on 11 December 1997 in Kyoto, Japan and which entered into force on 16 February 2005. Under the Kyoto Protocol, industrialized countries agreed to reduce their collective green house gas (GHG) emissions by 5.2% from the level in 1990. National limitations range from the reduction of 8% for the European Union and others to 7% for the United States, 6% for Japan, and 0% for Russia. The treaty permitted the emission increases of 8% for Australia and 10% for Iceland.
Kyoto includes defined "flexible mechanisms" such as Emissions Trading, the Clean Development Mechanism and Joint Implementation to allow annex I economies 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 economies, from other annex I countries, or from annex I countries with excess allowances. In practice this means that non-annex I economies have no GHG emission restrictions, but have financial incentives to develop GHG emission reduction projects to receive "carbon credits" that can then be sold to annex I buyers, encouraging sustainable development. In addition, the flexible mechanisms allow annex I nations with efficient, low GHG-emitting industries, and high prevailing environmental standards to purchase carbon credits on the world market instead of reducing greenhouse gas emissions domestically. Annex I entities typically will want to acquire carbon credits as cheaply as possible, while non-annex I entities want to maximize the value of carbon credits generated from their domestic Greenhouse Gas Projects.
Among the annex I signatories, all nations have established Designated National Authorities to manage their greenhouse gas portfolios; countries including Japan, Canada, Italy, the Netherlands, Germany, France, Spain and others are actively promoting government carbon funds, supporting multilateral carbon funds intent on purchasing carbon credits from non-annex I countries, and are working closely with their major utility, energy, oil and gas and chemicals conglomerates to acquire greenhouse gas certificates as cheaply as possible.[citation needed] Virtually all of the non-annex I countries have also established Designated National Authorities to manage the Kyoto process, specifically the "CDM process" that determines which GHG Projects they wish to propose for accreditation by the CDM Executive Board.
For more information about Kyoto Protocol, read the full article at
Wikipedia.
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