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15 Apr 08

Kyoto Protocol and the US

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Kyoto Protocol

Kyoto Treaty Takes Effect Today

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Kyoto Protocol

Kyoto could equally be the harbinger of an international model that rewards pollution-cutting innovation and pushes countries and companies to pursue cleaner forms of growth.
Bush administration officials said the treaty would hurt the economy and is ineffective
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- This is Australia and the United States against the rest of the world.

Should the United States Ratify the Kyoto Protocol?

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Kyoto Protocol

The Kyoto Protocol is an amendment to the United Nations Framework Convention on Climate Change (UNFCCC), an international treaty intended to bring countries together to reduce global warming and to cope with the effects of temperature increases that are unavoidable after 150 years of industrialization.
The countries are allowed to use emissions trading to meet their obligations if they maintain or increase their greenhouse gas emissions. Emissions trading allows nations that can easily meet their targets to sell credits to those that cannot.
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- One notable exception is the United States, which releases more greenhouse gases than any other nation and accounts for more than 25 percent of those generated by humans worldwide
- President Bush withdrew U.S. support for the Kyoto Protocol and refused to submit it to Congress for ratification.

Kyoto Protocol

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Kyoto Protocol

it became increasingly evident that only a firm and binding
commitment by developed countries to reduce emissions could send a signal strong enough to convince
businesses, communities and individuals to act on climate change
The major distinction between
the two, however, is that while the Convention encouraged developed countries to
stabilize GHG emissions, the Protocol commits them to do so.
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- Because it will affect virtually all major sectors of the economy, the Kyoto Protocol is considered
  to be the most far-reaching agreement on environment and sustainable development ever adopted.
- These targets must be met within a five-year time frame between 2008 and
  2012, and add up to a total cut in GHG emissions of at least 5% against the baseline of 1990
- The
  Protocol places a heavier burden on developed nations under the principle of “common but
  differentiated responsibilities.” This has two main reasons. Firstly, those countries can more
  easily pay the cost of cutting emissions. Secondly, developed countries have historically contributed
  more to the problem by emitting larger amounts of GHGs per person than in developing countries.
- These mechanisms help identify lowest-cost opportunities for reducing
  emissions and attract private sector participation in emission reduction efforts.
- Some scientists have doubted the scientific basis of the Kyoto Protocol, claiming that there is
  not a clear connection between increases in GHG emissions and climate change. The Fourth Assessment
  Report of the Intergovernmental Panel on Climate Change (IPCC), launched in the course of 2007, put
  an end to that discussion. Prepared by scientists from all over the world, it placed the reality of
  human-induced climate change beyond any doubt.
- As a result of the Protocol, governments have already put, and are continuing to put
  legislation and policies in place to meet their commitments; a carbon market has been created; and
  more and more businesses are making the investment decisions needed for a climate-friendly future.

14 Apr 08

Introduction

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Kyoto Protocol

I think with the compliance procedures, not only would the U.S. be making itself cleaner and reduce the amount of damage that we do the planet, but the Protocol could really be an opportunity to form good relationships with other countries. Coming together for a common goal. - celsplode on 2008-04-14

The Kyoto Protocol compliance mechanism is designed to strengthen the Protocol’s environmental
integrity, support the carbon market’s credibility and ensure transparency of accounting by
Parties. Its objective is to facilitate, promote and enforce compliance with the commitments under
the Protocol. It is among the most comprehensive and rigorous systems of compliance for a
multilateral environmental agreement. A strong and effective compliance mechanism is key to the
success of the implementation of the Protocol.

Mechanisms under the Kyoto Protocol

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Kyoto Protocol

The Kyoto Protocol broke new ground by defining three innovative “flexibility mechanisms”
to lower the overall costs of achieving its emissions targets. These mechanisms enable Parties to
access cost-effective opportunities to reduce emissions or to remove carbon from the atmosphere in
other countries. While the cost of limiting emissions varies considerably from region to region,
the benefit for the atmosphere is the same, wherever the action is taken.