International Economics

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Kyoto Protocol

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International Economics

Definition

The Kyoto Protocol is an international treaty adopted in 1997 that commits its parties to reduce greenhouse gas emissions, based on the premise that global warming exists and human-made CO2 emissions have caused it. It is a significant step toward sustainable development and environmental protection, aiming to hold countries accountable for their emissions and promote collaboration to combat climate change.

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5 Must Know Facts For Your Next Test

  1. The Kyoto Protocol was the first legally binding international agreement aimed at reducing greenhouse gas emissions.
  2. It entered into force in 2005 and included commitments from developed countries to reduce their emissions by an average of 5.2% below 1990 levels during the commitment period from 2008 to 2012.
  3. Countries that ratified the Protocol could engage in flexible mechanisms like emissions trading, which allowed them to meet their targets more cost-effectively.
  4. Developing countries were not bound by the same emission reduction targets under the Kyoto Protocol, as the agreement recognized their need for economic growth.
  5. The Protocol has faced criticism for its limited impact on global emissions and for excluding major polluters like the United States, which signed but never ratified it.

Review Questions

  • How does the Kyoto Protocol exemplify international cooperation in addressing climate change?
    • The Kyoto Protocol showcases international cooperation by bringing together various countries to commit to legally binding emissions reductions. It acknowledges that climate change is a global issue requiring collective action, allowing nations to work together towards shared goals. By setting specific targets for developed countries while offering flexibility through mechanisms like emissions trading, it encourages collaboration among nations in reducing their overall carbon footprint.
  • Discuss the implications of developing countries not being bound by emissions targets under the Kyoto Protocol.
    • The decision not to impose binding emissions targets on developing countries under the Kyoto Protocol had significant implications for global climate policy. It recognized the unique challenges these nations face in balancing economic growth with environmental sustainability. While this approach allowed developing countries to pursue development without immediate constraints, it also led to criticisms about fairness and accountability in global efforts to combat climate change. This distinction raised questions about how all nations can contribute equitably to reducing global emissions.
  • Evaluate the effectiveness of the Kyoto Protocol in achieving its intended goals and its influence on future international climate agreements.
    • The effectiveness of the Kyoto Protocol has been debated due to its limited impact on global greenhouse gas emissions, as major emitters like the United States did not ratify it. While it established a framework for international cooperation and set a precedent for subsequent agreements, such as the Paris Agreement, many critics argue that it fell short in driving significant reductions. Future agreements have built upon lessons learned from Kyoto, emphasizing broader participation, greater accountability, and flexible mechanisms to engage both developed and developing nations in tackling climate change more comprehensively.

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