TNPSC Current affairs March 2017
India to ratify Kyoto Protocol's 2nd Commitment Period On Climate Change
Anil Madhav Dave, Minister of State for Environment, Forest and Climate Change said that, Indian Government has decided to ratify tthe second commitment period of the Kyoto Protocol from 2013-2020 to cut down the emission of Emission of Greenhouse Gases (GHGs).
He also said that developing countries like India are no mandatory mitigation obligations or targets under the Kyoto Protocol.
The second commitment period (2013-2020) which was adopted on Doha in 2012 after successfully completing the first commitment from 2008 to 2012 as per Kyoto protocol.
Official statement said that ,The Clean Development Mechanism (CDM) under the Kyoto Protocol enables developed countries to invest in “Clean” projects in developing countries to gain emissions credits (Certified Emission Reduction-CER).
Indian Industry has benefited from trading in CERs in the international market. Of late, due to lack of
demand internationally, prices of CERs have been very low leading to low activities under this mechanism.”