The Agreement The First To Formally Require Industrialized Countries To Cut Emissions

Ban Ki Moon, Secretary-General of the United Nations, called on world leaders to reach an agreement on the fight against global warming at the 69th session of the United Nations General Assembly[153] held in New York on 23 September 2014. The next climate summit was held in Paris in 2015, which gave birth to the Paris Agreement, the successor to the Kyoto Protocol. The United States signed the protocol on 12 November 1998[98] under President Clinton. However, to become binding on the United States, the treaty had to be ratified by the Senate, which had already passed the non-binding byrd hagel resolution in 1997 expressing disapproval of any international agreement that did not commit developing countries to reducing emissions and would „seriously harm the U.S. economy.“ The resolution was adopted 95 to 0. [99] Although the Clinton administration signed the treaty,[100] it was never submitted to the Senate for ratification. As already noted, a number of Annex I Parties have established Emissions Trading Schemes (ETS) as part of efforts to meet their Kyoto obligations. General comments on the Emissions Trading Scheme can be found in the Emissions Trading Scheme and in the Emissions Trading Scheme some articles relating to the ETS contain comments on these schemes (see Kyoto Protocol#International Emissions Trading for a list of the ETS). If the executing authority finds that an Annex I country is not complying with its emission limit, that country must compensate for the difference during the second commitment period, plus an additional 30%. In addition, that country is excluded from transfers under an emissions trading scheme.

[93] The World Bank (2010)[120] commented that the Kyoto Protocol had little impact on controlling global emissions growth. The treaty was negotiated in 1997, but by 2006 energy-related carbon dioxide emissions had increased by 24%. [121] The World Bank (2010) also stated that the treaty provided only limited financial assistance to developing countries to help them reduce their emissions and adapt to climate change. [120] 2011 – Canada was the first signatory to announce its withdrawal from the Kyoto Protocol. [18] As Milton Friedman said, economic and political freedom can be achieved by capitalism; Nevertheless, it is never guaranteed that we will have the equality of wealth of those who are at the head of the „food chain“ of this capitalist world. All these changes are in addition to what the leaders of citizens want to impose to improve their way of life. In the case of the Kyoto Protocol, it is planned to adopt rules that reduce the production of pollutants to the environment. In addition, efforts are being made to jeopardize the freedoms of both private and public citizens. On the one hand, it imposes stricter rules on companies and reduces their profits, as they have to comply with these rules with often more expensive alternatives for production. On the other hand, it is trying to reduce emissions that cause rapid environmental change called climate change. His perspective on the Paris Agreement was that it was unfair to the United States and that it left countries like India and China free to use fossil fuels, while the United States had to limit its carbon.