The Kyoto Protocol is a legally binding international agreement to reduce the greenhouse gas emissions causing climate change, which was initially negotiated during the CoP-3 meeting held Kyoto, Japan in 1997. The agreement would commit industrialized countries to reduce emissions of six greenhouse gases (excluding 03 and water vapor) by 5% by 2012. Rather than placing a specific target on each of the gases, the overall emissions targets for all six would be combined individual gas reductions would be translated into "CO2 equivalents" used to produce a single figure. The agreement specifies that all Parties to the Protocol must follow a number of steps including: design and implementation of climate change mitigation and adaptation programs preparation of a national inventory of emissions removals by carbon sinks promotion of climate friendly technology transfer
fostering partnerships in research and observation of climate science, impacts and response strategies Developing countries are not legally bound to emissions reduction targets as yet, because these countries have historically been responsible for only a small portion of the global greenhouse gas emissions.
Emissions Reduction Targets:
Requirements to achieve the 5% group target: