Question

international aggrement to control globalwarming

Answer 1

The UNFCCC and its Kyoto Protocol have set a significant precedent as a means of solving a long-term international environmental problem, but are only the first steps towards implementation of an international response strategy to combat climate change. The Kyoto Protocol’s most notable achievements are the stimulation of an array of national policies, the creation of an international carbon market and the establishment of new institutional mechanisms. Its economic impacts on the participating countries are yet to be demonstrated. The CDM, in particular, has created a large project pipeline and mobilized substantial financial resources