What is the Kyoto Treaty?
The Kyoto Treaty (also known
as the Kyoto Protocol) is an amendment to the United Nations Framework Convention
on Climate Change (UNFCCC), which is an international treaty on global warming.
Countries that ratify this protocol commit to reduce their emissions of carbon
dioxide and five other greenhouse gases, or engage in emissions trading if
they maintain or increase emissions of these gases. 141 countries have ratified
this agreement (the United States and Australia have not ratified). The formal
name of this agreement is the Kyoto Protocol to the United Nations Framework
Convention on Climate Change. The Kyoto Treaty commits currently commits industrialised
nations to reduce emissions of greenhouse gases by about 5.2% below the 1990
levels over the next decade. The treaty was drawn up in Kyoto, Japan in 1997
and needed to be ratified by countries who were responsible for at least 55%
of the world's carbon emissions in 1990 to come into force. The treaty was
revised in Bonn, Germany in 2002 to encourage countries like Russia to ratify
it. The Bonn compromises include allowing countries like Russia to offset
their targets with carbon sinks, which are areas of forest and farmland that
can absorb carbon through photosynthesis. It also reduced cuts of the six
greenhouse gases from 5.2% to 2%. This was done to encourage the US, a producer
of 36% of emissions in 1990, to ratify the treaty, but the US still refuses.
[5]
The treaty went into effect
with the ratification of Russia on February 16, 2005. It allows emissions
trading and takes into account "carbon dioxide sinks" which are
forests and areas of growing vegetation that receive carbon dioxide. Emissions
trading consists of buying credits to meet a country's goals with emissions
from a country that is far below its emission goal. [1]

Fig 1: Picture of the UN Flag
and UNFCCC [1]
To
see the current newscast of the fossil fuels industry actions to oppose the
Kyoto Treaty click here. (Scroll down and clip is called "Ode to Kyoto")
[2]
(Note
RealPlayer is required to view this; to download click here)