The Union Cabinet
chaired by the Prime Minister Shri Narendra Modi has given its approval
to ratify 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, 65
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. 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 Suslainable
Development priorities will attract some investments in India as well.
The United Nations Framework Convention on Climate Change (UNFCC) seeks
to stabilise Green House Gas concentrations in the atmosphere at a level
that would minimize interference with the climate system. Recognizing
that developed countries are principally responsible for the current
high levels of Greenhouse Gas (GHGs) in the atmosphere, 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.
The 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. Developed countries have already started
implementing their commitments under the 'opt-in' provisions of the Doha
India has always emphasized the importance of climate actions by
developed country Parties in the pre-2020 period. Besides, it has
advocated climate actions based on the principles and provisions of the
Convention, such as the principle of Equity and Common but
differentiated responsibilities and respective capabilities (CBDR & RC).