Kyoto Protocol And Its Effect On Climate Change

930 Words Jul 12th, 2015 4 Pages
In 1997, the Kyoto Protocol attempted to achieve the results that had been sought out when most of the nations of the world agreed to the terms set forth in the United Nations Framework Convention on Climate Change (UNFCCC) in 1992. The new treaty puts enforcement mechanisms in place, including the idea of carbon trading, that would reinforce the importance of lowering the amount of CO2 being released into our atmosphere. Looking back to that decision made eighteen years ago, I do not believe that the concept of carbon trading should have been introduced in lieu of a carbon tax as it is now a crutch used by corporations, both big and small, to either improve the profitability of their company by selling their unused carbon permits or to lawfully exceed the carbon limits by purchasing and using carbon permits as a free pass for excessive pollution.
The abundance of greenhouse gas emissions are known to be the highest in America and in 2001 shortly after President Bush took office he rejected the Kyoto treaty, President Bush’s reason for the rejection was his claim that it would harm the U.S. economy. “The carbon emissions trading – the buying and selling of permits to emit greenhouse gasses caused by fossil fuels – has been a top strategy for reducing pollution” (Weeks, 1). But this is not the case for carbon trading as “the protocol, most of the world’s wealthy countries agreed to reduce their GHG emissions by fixed percentage” (Weeks, 6), states Weeks as well as…
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