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Title: IMPACT OF THE KYOTO PROTOCOL RATIFICATION ON GLOBAL TRANSACTIONS OF CARBON

Author
item Reicosky, Donald

Submitted to: Meeting Proceedings
Publication Type: Proceedings
Publication Acceptance Date: 11/11/2005
Publication Date: 11/11/2005
Citation: Reicosky, D.C. 2005. Impact of the Kyoto Protocol ratification on global transactions of carbon. Proceedings of Congreso Internacional sobre Agricultura de Conservacion. p. 189-198.

Interpretive Summary:

Technical Abstract: Increased levels of greenhouse gases (GHG) in the atmosphere require all nations to establish international and national goals and policies for GHG reduction. Most climate scientists say that the targets set in the Kyoto Protocol are merely scratching the surface of the problem. The agreement aims to reduce emissions from industrialized nations only by around 5%. The Kyoto Protocol amendment to the United Nations Framework Convention on Climate Change strengthens the international response to climate change. Complete implementation of the Kyoto Protocol may require policy changes to increase the acceptance and provide financial incentives for carbon (C) sequestration and the associated benefits. Our current understanding of the role of the biosphere in the global C balance, however, may not be adequate to support policy decisions satisfactorily. The potential and actual C sequestration results may still be unknown and difficult to determine. The Kyoto Protocol is a major step forward in realizing comprehensive C accounting system for the earth, but we continually need to improve our understanding of the terrestrial biosphere and soil sinks. Accepting the challenges of maintaining food security by incorporating C storage in conservation planning demonstrates concern for our global resources and our willingness to work in harmony with nature.