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  • Author: Les Bissell, Johanna Hjerthen, Balachandar Jayaraman, Elizabeth Karkus, John Leahy, Gerald Mulder, Pamela Chasek, David Leonard Downie, Kevin Baumert, Sean Clark, Joshua Tosteson
  • Publication Date: 05-1998
  • Content Type: Working Paper
  • Institution: Columbia International Affairs Online
  • Abstract: In December 1997, the Third Conference of the Parties (COP-3) to the United Nations Framework Convention on Climate Change (UNFCCC) met in Kyoto, Japan to negotiate a protocol to limit greenhouse gas (GHG) emissions. Two of the main features of the Kyoto Protocol are (1) legally binding requirements for Annex I countries to reduce collectively their emissions of six greenhouse gases by at least 5.2% below 1990 levels between 2008 and 2012; and (2) flexibility measures, including joint implementation (Article 6), a Clean Development Mechanism (Article 12) and emissions trading (Article 17, which appeared as Article 16bis in the draft Protocol text adopted in Kyoto) to encourage countries to meet their obligations at the lowest cost. Although emissions trading (ET) provisions were included in the Kyoto Protocol, the Parties did not establish rules and guidelines for the trading system. Instead, Governments have been asked to address these issues at COP-4, to be held in Buenos Aires, Argentina on 2-13 November 1998.
  • Topic: Environment, International Cooperation, International Law
  • Political Geography: Europe, United Nations