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* The Protocol's major feature is that it has mandatory
targets on greenhouse-gas emissions for the world's leading economies which have accepted
it. These targets range from -8 per cent to +10 per cent of the countries' individual 1990
emissions levels "with a view to reducing their overall emissions of such gases by at least 5
per cent below existing 1990 levels in the commitment period 2008 to 2012." In almost all cases
-- even those set at +10 per cent of 1990 levels -- the limits call for significant reductions in
currently projected emissions. Future mandatory targets are expected to be established for
"commitment periods" after 2012. These are to be negotiated well in advance of the periods
concerned.
* Commitments under the Protocol vary from nation to
nation. The overall 5 per cent target for developed countries is to be met through cuts (from
1990 levels) of 8 per cent in the European Union (EU[15]), Switzerland, and most Central and East
European states; 6 per cent in Canada; 7 per cent in the United States (although the US has since
withdrawn its support for the Protocol); and 6 per cent in Hungary, Japan, and Poland. New Zealand,
Russia, and Ukraine are to stabilize their emissions, while Norway may increase emissions by up to 1
per cent, Australia by up to 8 per cent (subsequently withdrew its support for the
Protocol), and Iceland by 10 per cent. The EU has made its own internal agrement to meet its 8 per
cent target by distributing different rates to its member states. These targets range from a 28 per
cent reduction by Luxembourg and 21 per cent cuts by Denmark and Germany to a 25 per cent increase by
Greece and a 27 per cent increase by Portugal.
* To compensate for the sting of "binding targets," as they are called, the agreement
offers flexibility in how countries may meet their
targets. For example, they may partially compensate for their emissions by increasing
"sinks" -- forests, which remove carbon dioxide from the atmosphere. That may be
accomplished either on their own territories or in other countries. Or they may pay for foreign
projects that result in greenhouse-gas cuts. Several mechanisms have been set up for this purpose.
(See the sub-chapters on "emissions trading," the "clean development mechanism,"
and "joint implementation.")
* The Kyoto Protocol is a complicated agreement that has been slow in coming--there are reasons for
this. The Protocol not only has to be an effective
against a complicated worldwide problem -- it also has to be politically acceptable. As a result,
panels and committees have multiplied to monitor and referee its various programmes, and even after
the agreement was approved in 1997, further negotiations were deemed necessary to hammer out
instructions on how to "operate" it. These rules, adopted in 2001, are called the
"Marrakesh Accords."
* There is a delicate balance to international treaties.
Those appealing enough to gain widespread support often aren't strong enough to solve the
problems they focus on. (Because the Framework Convention was judged to have this weakness, despite
its many valuable provisions, the Protocol was created to supplement it.) Yet treaties with real
"teeth" may have difficulty attracting enough widespread support to be effective.
* Some mechanisms of the Protocol had enough support that
they were set up in advance of the Protocol's entry into force. The Clean Development
Mechanism, for example -- through which industrialized countries can partly meet their binding
emissions targets through "credits" earned by sponsoring greenhouse-gas-reducing projects
in developing countries -- already had an executive board before the Kyoto Protocol entered into
force on 16 February 2005.
* For the full details of the Kyoto Protocol, see the text of
the Protocol.
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