Targets for the first commitment period
The targets for the first commitment period of the Kyoto Protocol cover emissions of the six main greenhouse gases, namely:
• Carbon dioxide (CO2);
• Methane (CH4);
• Nitrous oxide (N2O);
• Hydrofluorocarbons (HFCs);
• Perfluorocarbons (PFCs); and
• Sulphur hexafluoride (SF6)
The maximum amount of emissions (measured as the equivalent in carbon dioxide) that a Party may emit over a commitment period in order to comply with its emissions target is known as a Party’s assigned amount. The individual targets for Annex I Parties are listed in the Kyoto Protocol's Annex B.
Countries included in Annex B to the Kyoto Protocol for the first commitment period and their emissions targets
|Country||Target (1990** - 2008/2012)|
|EU-15*, Bulgaria, Czech Republic, Estonia, Latvia,Liechtenstein, Lithuania, Monaco, Romania,Slovakia,Slovenia, Switzerland||-8%|
|Canada,**** Hungary, Japan, Poland||-6%|
|New Zealand, Russian Federation, Ukraine||0|
* The 15 States who were EU members in 1997 when the Kyoto Protocol was adopted, took on that 8% target that will be redistributed among themselves, taking advantage of a scheme under the Protocol known as a “bubble”, whereby countries have different individual targets, but which combined make an overall target for that group of countries. The EU has already reached agreement on how its targets will be redistributed.
** Some EITs have a baseline other than 1990.
*** The US has indicated its intention not to ratify the Kyoto Protocol.
**** On 15 December 2011, the Depositary received written notification of Canada's withdrawal from the Kyoto Protocol. This action became effective for Canada on 15 December 2012.
Amendment to Annex B of the Kyoto Protocol
The Protocol mirrors the Convention in recognizing the specific needs and concerns of developing countries, especially the most vulnerable among them. Annex I Parties must thus provide information on how they are striving to meet their emissions targets while minimizing adverse impacts on developing countries.
An Adaptation Fund was established to finance concrete adaptation projects and programmes in developing countries that are Parties to the Kyoto Protocol. The Fund is financed with the share of proceeds from clean development mechanism (CDM) project activities and other sources. more