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Biodiesel | Product | Market | Kyoto Protocol | CDM

Kyoto Protocol:

  • An agreement made under the United Nations Framework Convention on Climate Change (UNFCCC) and adopted in 1997 in Kyoto, Japan.
  • Countries that ratify this protocol commit to reduce their emissions of carbon dioxide and five other greenhouse gasses or engage in emissions trading if they maintain or increase emissions of these gasses
  • The Kyoto Protocol now covers more than 160 countries globally and over 55% of global greenhouse gas (GHG) emissions.
  • Kyoto is underwritten by participating governments and is governed by global legislation enacted under the UN’s auspices.

"The Kyoto Protocol is an agreement under which industrialized countries will reduce their collective emissions of greenhouse gasses by 5.2% compared to the year 1990 (but note that, compared to the emissions levels that would be expected by 2010 without the Protocol, this target represents a 29% cut). The goal is to lower overall emissions of six greenhouse gases - carbon dioxide, methane, nitrous oxide, sulfur hexafluoride, HFCs, and PFCs - calculated as an average over the five-year period of 2008-12. National targets range from 8% reductions for the European Union and some others to 7% for the US, 6% for Japan, 0% for Russia, and permitted increases of 8% for Australia and 10% for Iceland."
A press release from the United Nations Environment Programme.

 


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