ENVIRONMENTAL ECONOMICS - Kyoto

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ENVIRONMENTAL

ECONOMICS 1

                                                        REYES BRAGIMO

                                                        

                                                        K0427364

TOPIC 19:

“The Kyoto Agreement should be enforced without delay”

● The Government agreed in 1997 the Agreement Kyoto of The United Nations Framework Convention on climate Change (UNFCCC)

● The agreement will come into effect only when 55 nations which add up to 55 % of the greenhouse emissions confirm it. Now there are more than 150 nations, but the emissions of the EE.UU and Russia mean 33% and 17%, respectively and they don’t want to sign the agreement.

● The main objective is to get reduce 5.2% the volume of the greenhouse gases emissions below their 1990 levels for the period 2008-2012

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● Kyoto’s mechanisms

        ○ Emissions trade => buying and selling of greenhouse gases emissions between industrialize countries or countries belonging to the Annex I of the Agreement Kyoto.

        ○ Clean Development Mechanism (CDM) => the governments and private sector companies of the industrialize countries can transfer clean technologies to developing countries.

        ○ Joint Cooperation => one industrialize country invests in other industrialize country to carry out a project to reduce the greenhouse gases emissions.

● Threats of the increase of the invisible gases, such as CO2.

        - Greenhouse gases: they catch a part of ...

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