The Kyoto protocol is an amendment to the United Nations Framework Convention on Climate Change (UNFCCC). The countries that have ratified this protocol have committed to reduce their emissions of carbon dioxide or engage in emissions trading with other protocol signatories if they cannot fulfill this. The objective is to “stabilize greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system,” as so stated in UNFCCC-Article 2.
The former Soviet Republic of Belarus, and among the most destitute and totalitarian, has announced intentions review international suggestions that it reduce its green house gas output by 10 percent by 2020.comments
Foreign companies seeking to make money in Russia under the Kyoto Protocol will face hard times, as Russian authorities say they will do what they can to obstruct the climate deals, the Barents Observer reported.comments
Norway announced on 9 December that it would offer USD 500 million to protect rainforests. Such funding commitments from rich countries have long been called for, and the Bellona Foundation appreciates the Norwegian government's sense of responsibility on this issue.comments