Kyoto protocol is the reason on which the international norms to regulate the emission of carbon dioxide is based. This protocol was negotiated in Dec 1997 at Kyoto, Japan and came into force on Feb 16th, 2005. It is an international treaty which extends the 1992 United Nations Framework Convention on Climate Change (UNFCCC). It commits Based on the scientific consensus that global warming is occurring and it is extremely likely that human-made CO2emissions have predominantly caused it, it commits state parties to reduce greenhouse gas emissions. There have been a few international treaties and regulations, the most recent one being the Paris Climate Change Agreement.
Goals are as follows:-
• To hold temperatures between 1 to 2 degrees Celsius above pre-industrial times.
• Making financial goals of every nation consistent with achieving the above goal.
• As per Kyoto protocol, it is aimed to reduce emissions to a level where they would not maliciously affect the environment.
• The US failed to ratify the legally-binding part, which required a Senate vote.
• Canada pulled out in 2005, citing that CO2 emissions were nearly 17% higher than in 1990.