COP3: Kyoto Protocol
Kyoto Protocol 京都議定書
- Signed in 1997
- Negotiations held in Kyoto City
- Kyoto International Conference Center
- Still not ratified by the USA
The Kyoto Protocol, or COP3, is the set of guidelines that were agreed upon at meetings that took place in December, 1997, in Kyoto, Japan.
The aim of the Kyoto Protocol was to achieve the stabilization of greenhouse gases at a level that does not wreak havoc with the global climate.
The treaty was negotiated at the Kyoto International Conference Center, in far north Kyoto City. It came into force in mid-February 2005 following Russia's ratification of the treaty in November 2004. To date, 181 countries and the EEC have signed on to the agreement.
Although the United States is a signatory to the Kyoto Protocol, it has never ratified the Protocol. Without ratification by the US Senate, that signature is merely symbolic.
The Clinton administration, represented by then Vice President Al Gore, signed at the Kyoto meeting. However, prior to the conference, in July 1997, the U.S. Senate voted 95 to 0 in the Byrd-Hagel Resolution that the United States should not be a signatory unless there were binding targets and timetables for developing nations as well as the richer countries. This was mainly due to fears that ratification would hurt the US economy. Following Gore's symbolic signature in Kyoto, President Clinton put it to the Senate for ratification.
COP3 was not ratified under Clinton, and George W. Bush indicated as soon as he took office that he did not support the treaty, mainly because of exemptions given to China.
Simply put, what was agreed to in Kyoto was a cap and trade system that imposes national caps on the emissions of wealthy nations. It is a legally binding agreement under which industrialized countries will reduce their collective emissions of greenhouse gases by 5.2% compared to the year 1990
In addition, it allows for emissions trading. This means that companies and or countries can buy credits as a way of exceeding their quota. It is hoped that by using market forces, emissions will ultimately be curbed.
Kyoto International Conference Center Access
Kyoto International Conference Center ( ICC Kyoto )
Takaragaike, Sakyo-ku, Kyoto 606-0001 Japan
Phone 81-75-705-1234 Fax 81-75-705-1100