Iran Parliament approves Belarus accession to Kyoto Protocol

Service: Foreign Policy




News Code :8912-11433

ISNA - Tehran

Service: Foreign Policy

TEHRAN (ISNA)-Iranian Parliament approved Belarus's membership in Kyoto Protocol, green house gases emissions agreement.

The bill was ratified as Iranian lawmakers voted 123-11.

Based on the protocol's law, accession of any new member to the protocol should be approved by other signatories.

Belarus has already declared that it was ready to make a commitment to cut greenhouse gas emissions by 10 percent compared with 1990 under a post-Kyoto climate agreement for 2013 through 2020.

The Kyoto Protocol is an international agreement linked to the United Nations Framework Convention on Climate Change.

The major feature of the Kyoto Protocol is that it sets binding targets for 37 industrialized countries and the European community for reducing greenhouse gas (GHG) emissions.

These amounts to an average of five per cent against 1990 levels over the five-year period 2008-2012.

Recognizing that developed countries are principally responsible for the current high levels of GHG emissions in the atmosphere as a result of more than 150 years of industrial activity, the Protocol places a heavier burden on developed nations under the principle of “common but differentiated responsibilities.”

The Kyoto mechanisms:

Under the Treaty, countries must meet their targets primarily through national measures.

However, the Kyoto Protocol offers them an additional means of meeting their targets by way of three market-based mechanisms.

The Kyoto mechanisms follow:

Emissions trading- known as the carbon market.

Clean development mechanism (CDM) and Join implementation (JI).

The mechanisms help stimulate green investment and help parties meet their emission targets in a cost-effective way.

Monitoring emission targets

Under the Protocol, countries’ actual emissions have to be monitored and precise records have to be kept of the trades carried out.

End Item

News Code: 8912-11433


Partners: Social Network