Global Warming

Table of context

TABLE OF CONTEXT 1
INTRODUCTION 2
HISTORY 2
FRAMEWORK CONVENTION ON CLIMATE CHANGE 2
THE KYOTO PROTOCOL'S SEEDS 3
KYOTO PROTOCOL 5
COMMITMENTS TO THE PROTOCOL 5
POLICIES AND MEASURES 6
"BUBBLING" AND THE EU REDISTRIBUTION OF EMISSION COMMITMENTS 6
THE FLEXIBILITY MECHANISM 6
Emissions Trading 7
Joint Implementation (JI) within Annex I 7
Clean Development Mechanism (CDM) 8
INTERNATIONAL PROSPECTIVE 8
US 8
EUROPEAN UNION 9
AUSTRALIA 9
CANADA 10
ENVIRONMENTAL AND ECONOMIC IMPLICATIONS OF THE KYOTO COMMITMENTS 10
ENVIRONMENTAL IMPLICATIONS 10
ECONOMIC COSTS OF THE KYOTO COMMITMENTS 11
PROSPECTS FOR KYOTO 11
CONCLUSION 12
Appendix 13
BIBLIOGRAPHY 15
KYOTO PROTOCOL 1997 HTTP://WWW.UNFCCC.COM 15













Introduction

Global warming is one of the biggest environmental challenges now facing the world. And although the adverse effect of global warming have been known to scientists for over a century , it became a matter of interna...