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Kyoto Protocol

Abstract: 
An international agreement connected with the United Nations Framework Convention on Climate Change adopted in 1997 that commits 37 industrialized countries to reducing greenhouse gas (GHG) emissions under the principle of “common but differentiated responsibilities.” Developed nations can meet their binding targets through nationwide measures or by way of three market-based mechanisms stated in the Treaty – emissions trading, clean development mechanism, and joint implementation – all cost-effective way of stimulating green investment. (adopted in 1997, enforced in 2005)
Author: 
jessica.choi@wellesley.edu
Institution: 
United Nations
Year: 
1997
Input By: 
Jessica Choi
Affiliation: 
MIT
Region(s): 
Industry Focus: 
Energy
Country: 
United Nations
Datatype(s): 
Agreements