Kyoto Protocol which was signed in
Highlights of the Conference:
- New agreement covers only developed nations whose share of world greenhouse gas emissions is less than 15 %, it excludes countries such as China and India.
- It was agreed to bring a new pact, in 2015, which will be binding to all countries and will replace Kyoto Protocol.
- The extension was supported by European Union, Australia, Switzerland and eight other industrialised nations.
- US rejected the idea of equity by refusing to associate itself to any new agreement that is under the Convention.
- Russia also rejected the proposal.
- India’s principle of equity and common but differentiated responsibilities (CBDR) were re-introduced in the negotiations after it had been kept out of the talks in 2009 and 2010.
- It failed to deliver anything of significance for poor countries due to lack of credible pathway to provide then financial aid to deal with climate change.
- The outcome was also supported by G77 and China, BASIC groups.