Australia Sign Paris Agreement

The Kyoto Protocol is an instrument of the Climate Change Convention, adopted in 1997 at the Third Conference of the Parties (COP 3), whereas it only entered into force in 2005. [1] The Kyoto Protocol requires certain industrialized countries (the “Annex I Parties”) to reduce their greenhouse gas emissions. The protocol has weighed more heavily on industrialized countries, which are largely responsible for high greenhouse gas emissions (this is known as the principle of “common but differentiated responsibilities”). Australia signed the Kyoto Protocol in 1998, but only ratified it in 2007. The first commitment period of the Kyoto Protocol ran from 2008 to 2012. Australia met and exceeded its Kyoto target for the first period of 108% of emissions between 1990 and 2012. He stated that the two agreements were separate treaties and should not be seen as continuing to be concluded. Australia`s attempt to reduce emissions over the next decade was at odds with the goals and principles of the Paris Agreement, which required countries to take degenerate measures that reflected their “highest possible ambitions.” However, the Australian government believes Australia will achieve its 2030 target “through a policy that builds on its proven direct action approach”. These measures include the Emissions Reduction Fund and its associated protection mechanism, as well as a number of other measures to reduce our greenhouse gas emissions and increase energy productivity. Figure 1 below shows the main relevant strategies and the extent of emission reductions that the Government believes can be achieved in relation to Australia`s 2030 target. At the same time, the government is also reviewing Australia`s climate change policy to “take stock of Australia`s progress in reducing emissions and to ensure that the government`s policy remains effective in meeting Australia`s 2030 target and The Commitments of the Paris Agreement”. .

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