This Protocol aims to reduce Greenhouse gas emissions which are causes of global warming, having committed industrialised countries into a reduction of at least of 5% for the period between 2008 and 2012, compared to figures in the early 1990s.
The signatory countries of the European Union committed itself in achieving a reduction of up to 8% of these emissions, although this amount was distributed among countries according to variable economic and environmental through a system of "Burden sharing" by what the agreement was made with the following percentages of reduction:
Germany - 21% - 13% Austria Belgium - 7.5%Dinamarca - 21% Spain - 15% Finland - 2.6%Francia - 1.9% Greece - 25% Ireland - 13% Italy - 6.5%Luxemburgo - 28% Netherlands - 6% - 27% Portugal United Kingdom - 12.5%Suecia - 4%
Set the deadline, the members of the United Nations Framework Convention on climate change (UNFCCC) begin to govern on what has been fixed in annex I to the Protocol, on the actions and arrangements to take past the deadline, which has been discussed and agreed on 29 November 2010 in Cancun, Mexico.
This consultation confirmed will start the second period of the Kyoto Protocol and to begin with the creation of the Fund Green climate, with the participation of 24 countries members, which it shall take measures and provide financing for the realization of projects.
