Kyoto Protocol

March 11, 2009

The Kyoto Protocol is a protocol to the United Nations Framework Convention on Climate Change (UNFCCC or FCCC), an international environmental treaty produced at the United Nations Conference on Environment and Development (UNCED), informally known as the Earth Summit, held in Rio de Janeiro, Brazil, from 3–14 June 1992. The treaty is intended to achieve “stabilization of greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system.”

 The Kyoto Protocol establishes legally binding commitments for the reduction of four greenhouse gases (carbon dioxide, methane, nitrous oxide, sulphur hexafluoride), and two groups of gases (hydrofluorocarbons and perfluorocarbons) produced by “Annex I” (industrialized) nations, as well as general commitments for all member countries. As of 2008, 183 parties have ratified the protocol,[2] which was initially adopted for use on 11 December 1997 in Kyoto, Japan and which entered into force on 16 February 2005.

Under Kyoto, industrialized countries agreed to reduce their collective GHG emissions by 5.2% compared to the year 1990.  National limitations range from 8% reductions for the European Union and some others to 7% for the United States, 6% for Japan, and 0% for Russia. The treaty permitted GHG emission increases of 8% for Australia and 10% for Iceland.  Kyoto includes defined “flexible mechanisms” such as Emissions Trading, the Clean Development Mechanism and Joint Implementation to allow Annex I economies to meet their greenhouse gas (GHG) emission limitations by purchasing GHG emission reductions credits from elsewhere, through financial exchanges, projects that reduce emissions in non-Annex I economies, from other Annex I countries, or from Annex I countries with excess allowances.   In practice this means that Non-Annex I economies have no GHG emission restrictions, but have financial incentives to develop GHG emission reduction projects to receive “carbon credits” that can then be sold to Annex I buyers, encouraging sustainable development.   In addition, the flexible mechanisms allow Annex I nations with efficient, low GHG-emitting industries, and high prevailing environmental standards to purchase carbon credits on the world market instead of reducing greenhouse gas emissions domestically.  Annex I entities typically will want to acquire carbon credits as cheaply as possible, while Non-Annex I entities want to maximize the value of carbon credits generated from their domestic Greenhouse Gas Projects.

Among the Annex I signatories, all nations have established Designated National Authorities to manage their greenhouse gas portfolios; countries including Japan, Canada, Italy, the Netherlands, Germany, France, Spain and others are actively promoting government carbon funds, supporting multilateral carbon funds intent on purchasing Carbon Credits from Non-Annex I countries,[citation needed] and are working closely with their major utility, energy, oil & gas and chemicals conglomerates to acquire Greenhouse Gas Certificates as cheaply as possible.  Virtually all of the non-Annex I countries have also established Designated National Authorities to manage the Kyoto process, specifically the “CDM process” that determines which GHG Projects they wish to propose for accreditation by the CDM Executive Board.

 This article is licensed under the GNU Free Documentation License.
It uses material from the article in Wikipedia on the Kyoto Protocol

Global Warming

March 11, 2009

Global warming is the increase in the average temperature of the Earth’s near-surface air and the oceans since the mid-twentieth century and its projected continuation. Global surface temperature increased 0.74 ± 0.18 °C (1.33 ± 0.32 °F) during the 100 years ending in 2005.   The Intergovernmental Panel on Climate Change (IPCC) concludes that anthropogenic greenhouse gases are responsible for most of the observed temperature increase since the middle of the twentieth century, and natural phenomena such as solar variation and volcanoes probably had a small warming effect from pre-industrial times to 1950 and a small cooling effect from 1950 onward. These basic conclusions have been endorsed by 30 scientific societies and academies of science, including all of the national academies of science of the major industrialized countries.

Climate model projections summarized in the latest IPCC report indicate that global surface temperature will likely rise a further 1.1 to 6.4 °C (2.0 to 11.5 °F) during the twenty-first century. The uncertainty in this estimate arises from the use of models with differing climate sensitivity, and the use of differing estimates of future greenhouse gas emissions. Some other uncertainties include how warming and related changes will vary from region to region around the globe. Although most studies focus on the period up to 2100, warming is expected to continue beyond 2100, even if emissions have stopped, because of the large heat capacity of the oceans and the lifespan of CO2 in the atmosphere.

Increasing global temperature will cause sea levels to rise and will change the amount and pattern of precipitation, likely including an expanse of the subtropical desert regions. Other likely effects include Arctic shrinkage and resulting Arctic methane release, shrinkage of the Amazon rainforest (already very damaged by deforestation from logging and farming), increases in the intensity of extreme weather events, changes in agricultural yields, modifications of trade routes, glacier retreat, species extinctions and changes in the ranges of disease vectors.

Political and public debate continues regarding the appropriate response to global warming. The available options are mitigation to reduce further emissions; adaptation to reduce the damage caused by warming; and, more speculatively, geoengineering to reverse global warming. Most national governments have signed and ratified the Kyoto Protocol aimed at reducing greenhouse gas emissions

 This article is licensed under the GNU Free Documentation License.
It uses material from the article in Wikipedia on Global Warming

Green Business Opportunities

March 11, 2009

What Causes Global Warming

March 11, 2009

Hello world!

March 10, 2009

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