A mechanism under the United Nations-backed Kyoto Protocol that allows industrialized countries to generate credits through investment in emission reduction projects in developing countries reached a milestone today, approving its 1000th clean energy project.
An essential tool in efforts to reduce global warming gas emissions is on track for completion with testing in the coming months of a mechanism allowing countries that cut emissions below their targets to sell surplus allowances to others that have deficits, the United Nations body overseeing the project announced today.
Intensifying its efforts to curb the greenhouse gases blamed for global warming, the United Nations today launched a new mechanism to generate significant reductions in such emissions in central and eastern European transition economies through a system of “carbon credits” acquired by developed countries.
Russia’s ratification of the Kyoto Protocol, enabling the treaty to go into effect, is a significant first step in slowing down growth in harmful greenhouse gas concentrations in the atmosphere, according to United Nations Secretary-General Kofi Annan.
The head of the United Nations environment agency today welcomed the decision by the Russian Duma to ratify the Kyoto Protocol, paving the way for the climate change treaty to go into effect.
A new report published today warning that 1 million species are threatened with extinction unless greenhouse gases are drastically reduced prompted the head of the United Nations Environment Programme (UNEP) to reiterate the importance of bringing into force the Kyoto Protocol, an international agreement meant to cut emissions.
The Government of Japan today formally ratified the Kyoto Protocol to the United Nations Framework Convention on Climate Change, giving greater momentum to international efforts to reduce global warming.