International regime for Climate Change
2010-01-22 20:31 -The Internationally agreed regime for climate change is laid down in the United Nations Framework Convention on Climate Change, 1992. Under the Convention, all industrialized countries have binding commitments to reduce their emissions. The Parties to UNFCCC signed the Kyoto Protocol in 1997. The Protocol lays downs binding quantified emission reduction targets for all the 37 industrialised countries that are listed in Annex-I of the Convention for the first commitment period 2008-2012, although US, the World's biggest emitter of greenhouse gases, did not ratify the Kyoto Protocol.