Ukraine wants to extend Kyoto Protocol

30.11.2010 11:14

Ukraine wants to extend Kyoto Protocol

Ukraine initiates the extension of market mechanisms under the Kyoto Protocol after 2012, according to the press service of the Foreign Ministry.

The Ukrainian delegation made such an initiative at the opening of 16-th Conference of the United Nations Convention on Climate Change (Cancun) and the 6th Meeting of the Parties to the Kyoto Protocol.

Furthermore, Ukraine has invited participants of the convention to establish a working group to take into consideration the interests of countries with transit economy in the multilateral negotiations on climate issues, reports Ukrainian News.

The Kyoto Protocol to the UN Framework Convention on Climate Change adopted in 1997 obliges developed countries and countries with transit economy to reduce or stabilize greenhouse gas emissions. The period of its implementation - from January 1 2008 to December 31, 2012. The Protocol provides for market mechanisms of its implementation, including the trading of quotas for greenhouse gas emissions.

The Kyoto Protocol is the first global agreement in the sphere of environmental protection, almost all states, except 6 have signed it, the U.S. have signed it but not ratified. Ukraine is planning to receive 1.5 billion UAH from the sale of quotas for greenhouse gas emissions in 2010. President Viktor Yanukovych is in favor of raising funds from the sale of quotas for greenhouse gas emissions, under the Kyoto Protocol to improve the ecology of Zaporizhzhia.

Теги материала: ecology, Foreign Ministry, Ukraine, Yanukovych, President
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