New Delhi: The Union cabinet on Tuesday approved ratification of the second commitment period of the Kyoto Protocol on containing the emission of green house gases (GHGs).
The second commitment period of the Kyoto Protocol was adopted in 2012. So far, 75 countries have ratified the second commitment period.
“In view of the critical role played by India in securing international consensus on climate change issues, this decision further underlines India’s leadership in the comity of nations committed to global cause of environmental protection and climate justice," said an official statement.
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The government said that the ratification of the Kyoto Protocol by India will encourage other developing countries also to undertake this exercise.
“Implementation of clean development mechanism (CDM) projects under this commitment period in accordance with Sustainable development priorities will attract some investments in India as well," the statement added.
The United Nations Framework Convention on Climate Change (UNFCC) seeks to stabilise greenhouse gas concentrations in the atmosphere at a level that would minimize interference with the climate system.
Developing countries like India has long advocated that developed countries are principally responsible for the current high levels of greenhouse gases across the globe.
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Recognising this, the Kyoto Protocol places commitments on developed nations to undertake mitigation targets and to provide financial resources and transfer of technology to the developing nations. Developing countries like India have no mandatory mitigation obligations or targets under the Kyoto Protocol.
Kyoto Protocol was adopted in 1997 and the 1st commitment period was from 2008-2012. At Doha in 2012, the amendments to Kyoto Protocol for the 2nd commitment period (the Doha Amendment) were successfully adopted for the period 2013- 2020.
India has always emphasized the importance of climate actions by developed country parties in the pre-2020 period.