Development Nepal

Development and Stability

Current Issues

Experts in Nepal have openly welcomed Nepal’s ratification of KYOTO Protocol— an international treaty on climate change and reduction of Green House Gas (GHG) emission. But, as claimed by the treaty, will Nepal benefit to achieve a sustainable development with an active participation in GHG emission reductions?

 

What is KYOTO Protocol? Increased GHG gas emission from various anthropogenic sources is attributed to the global warming and, in turn, climate change. As an effort to combat climate change, the KYOTO treaty signed so far by 140 countries sets legally binding GHG emissions target for developed countries. The reduction of GHG emission in any part of the world will contribute in retarding or reversing the process of climate change. Within the premises of this fact—besides reduction of GHG domestically—KYOTO provides mechanisms for developed countries to meet their targets by investing in GHG emission reductions in other countries — in other words by trading emission reductions credits. 

 

That Nepal has now ratified the Protocol, what does it mean? Ratification of Kyoto will qualify Nepal to participate in the Clean Development Mechanism (CDM). CDM, one among three Kyoto Mechanisms, allows developed countries to implement projects that reduce emissions in developing countries, in return for certified emission reductions (CERs). Other two mechanisms are “Joint Implementation” and “Emission Trading” devised exclusively to facilitate emission reduction credits trading between developed countries.

Nepal Ratified Kyoto Protocol: Who Benefits?

Sunday, October 30, 2005