The applicability of this document was set for the periods to , and to Typically, this document operationalizes the UNFCCC by requiring developed countries to reduce and limit greenhouse gas emissions as per the agreed terms. The participant countries are required to assume mitigation policies and measures that will help reduce and limit the GHG emission and report regularly. This is because the convention recognizes that these countries are primarily liable for the high levels of greenhouse gases present in our atmosphere.
This was in comparison to the levels. In December , some changes were added to the Kyoto Protocol. These changes, known as the Doha Amendment, were adopted after the conclusion of the first commitment. The amendment was meant to add some new GHG emission reduction goals for the subsequent commitment period to The endorsement of these changes to the Kyoto Protocol was a valuable move in the intended purpose of maintaining sustainable GHG levels during the second commitment.
Even beyond , which is the end of the second commitment period of the Kyoto Protocol, climate change will still need to be addressed.
This agreement is a momentous environment accord whose idea was approved by virtually every nation, to handle climate change and its impacts. The agreement intends to reduce global GHG emissions in order to prevent global temperature rises. The Paris Agreement offers a chance for the developing countries to take part in the fight against global warming, hand in hand with the developed countries.
The agreement requires all the major GHG emitting countries to reduce their emissions and gradually strengthen their commitments. World leaders from nations approved the accord, which included commitments from every country. All this aims to combat climate change , and enabling us to adapt to its impacts.
Currently, every nation on the planet, in number is part of the Paris Agreement. Of the countries, of them have formally joined the Paris Agreement. Only two nations Iran and Turkey , have not officially joined the agreement as of the end of Although both were set to help in combating climate change , there is a considerable difference between the Kyoto Protocol and the Paris Climate Agreement.
Some of the key differences between the two documents include:. The Kyoto Protocol was intended for developed countries only and involved legally binding targets for GHC emissions reduction. The whole burden was put on the developed countries, which made it lack ratification from various countries like the US. Paris Agreement, on the other hand, was drafted with every nation on the planet in mind. It requires every nation whether developed or developing , to take part in saving our environment.
Each country ought to play its part. This made countries to endorse the document right from the beginning. In practice, this meant their collective emissions had to be lower by 1 gigatonne Gt of carbon dioxide per year than levels.
The final emissions figures only became available at the end of last year, with the first assessment based on them published on 10 June. Although overall global emissions rose, the 38 countries collectively reduced their output by 2 GtCO 2 per year from to compared with levels.
That makes the treaty sound like a success. But the emissions of former Soviet states had plummeted before the deal was even signed, meaning a reduction of 2. Discount that, and the 38 failed to meet their target. The US and Canada, however, signed the deal but did not stick with it. If they are excluded, the remaining 36 apparently met their target of a reduction of 0. However, 10 countries achieved their targets only by buying carbon credits.
It is frustrating to many that cohesive action to deal with the human-made global climate crisis has yet to happen. It is critical that we remain convinced that we can, in fact, resolve these issues so crucial to our survival. We humans have already solved huge problems in numerous fields via technical innovation that led to radically new solutions.
United Nations Climate Change. Accessed Apr. United Nations Treaty Collection. Department of State. Archived Content.
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Your Money. Personal Finance. Your Practice. Popular Courses. Oil Guide to Investing in Oil Markets. Commodities Oil. What Is the Kyoto Protocol? Key Takeaways The Kyoto Protocol is an international agreement that called for industrialized nations to reduce their greenhouse gas emissions significantly. Other accords, like the Doha Amendment and the Paris Climate Agreement, have also tried to curb the global-warming crisis.
Talks begun by the Kyoto Protocol continue in and are extremely complicated, involving politics, money, and lack of consensus. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.
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