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Kyoto Protocol : Success Or Failure?

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The Kyoto Protocol: Success or Failure? The Kyoto Protocol Treaty was an international legally binding agreement under the UNFCCC (put into effect in 2005) whose goal was to decrease global greenhouse gas (GHG) emissions by 5.2% in comparison to the levels recorded in 1990 by 2012. Whilst this is a global target, different countries have been assigned there own individual targets which collectively add up to 5.2% (Bloch, 2012). This goal was to be achieved without impeding the development of developing countries which is why most of these countries were not required to reduce their GHG emissions and in some cases, were even allowed to increase them. Meanwhile, Annex-I countries with high GHG emissions were the ones with the highest reduction targets. For example, The United States had a target reduction of 7%, Canada 6% and the United Kingdom 12.5% (UNFCCC, 2014). In order to meet these targets, countries were allowed to trade GHG emission rights amongst themselves. This meant that countries that emitted less GHG than permitted would be able to sell their excess emission rights to countries who wished to use more than they had the right to. Nevertheless, this protocol needs the cooperation of the international community in order for the global target to be reached (Grubb, 2003). As can be seen, these goals are very specific and are obviously quantifiable. Therefore, objective measurements can be made to determine the success or failure of this international agreement. It is

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