How does the Kyoto Protocol (KP) affect our countries?
The Protocol comes into force after ratification by 55% of the industrial countries that accepted reductions commitments. The European Union, Canada, countries of Eastern Europe and Japan have already ratified the Protocol, while the United States and Australia have formally withdrawn from the process. With the recent ratification by Russia, the Protocol came into force in early 2005. The agreement establishes compulsory commitments to reduce GHG emissions by developed countries. Among current CAF members, only Spain has assumed emission reduction commitments. As a result, the treaty generates interesting business opportunities for the countries of Latin America and the Caribbean.
Related Questions
- Does this affect obligations of nations that took on emission reduction commitments under the Kyoto Protocol (Annex-B nations)?
- How does Japanese compliance with the Kyoto Protocol affect environmental productivity in China and Japan?
- Can the Kyoto Protocol work if the developing countries don participate?
