TNPSC Current Affairs March 2017 27 for group 1 & group 2 mains

TNPSC Current affairs March 2017

India to ratify  Kyoto Protocol's 2nd Commitment Period On Climate Change

  

Anil Madhav Dave, Minister of State for Environment, Forest and Climate Change said that, Indian Government has decided to ratify tthe second commitment period of the Kyoto Protocol from 2013-2020 to cut down the emission of Emission of Greenhouse Gases (GHGs).

He also said that developing countries like India are no mandatory mitigation obligations or targets under the Kyoto Protocol.

The second commitment period (2013-2020) which was adopted on Doha in 2012 after successfully completing the first commitment from 2008 to 2012 as per Kyoto protocol.

Official statement said that ,The Clean Development Mechanism (CDM) under the Kyoto Protocol enables developed countries to invest in “Clean” projects in developing countries to gain emissions credits (Certified Emission Reduction-CER).

Indian Industry has benefited from trading in CERs in the international market. Of late, due to lack of 

demand internationally, prices of CERs have been very low leading to low activities under this mechanism.”

About Kyoto Protocol:

The Kyoto Protocol is the first International agreement between countries to mandate country by country reduction of six greenhouse gases in order to prevent global warming. Kyoto emerged from the UN Framework Convention on climate Change, which was signed by almost all nations on 1992 mega-meeting popularly known as Earth Summit to curb global Warming.

To put teeth into the pledge, a new treaty was finalized in Kyoto, Japan in 1997 for Green House Gas reduction after years of negotiations and entered into force on February 16 2005.