Reviewing+the+emissions+trading+procedure,+as+set+out+in+Article+17+of+the+Kyoto+Protocol

The **Kyoto Protocol** is a protocol to the United Nations Framework Convention on Climate Change (UNFCCC or FCCC), aimed at combating global warming. The UNFCCC is an international environmental treaty with the goal of achieving "stabilization of greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system."


 * Emissions trading** (also known as **emission trading** or **cap and trade**) is an administrative approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants.

The Conference of the Parties shall define the relevant principles, modalities, rules and guidelines, in particular for verification, reporting and accountability for emissions trading. The Parties included in Annex B may participate in emissions trading for the purposes of fulfilling their commitments under Article 3. Any such trading shall be supplemental to domestic actions for the purpose of meeting quantified emission limitation and reduction commitments under that Article.
 * Article 17**

For the whole Kyoto Protocol go to this link [] and go to the right side.

Iraq has formally ratified the UN's Kyoto Protocol on climate change, according to a government statement seen by AFP on Saturday.

"The presidential council ratified in its session on January 23 a law according to which the Republic of Iraq will join the United Nations Framework Convention on Climate Change and its Kyoto Protocol," the statement said.

The Kyoto Protocol legally commits industrialized countries which have signed and ratified it to trim their output of six carbon gases seen as being responsible for global warming.

Its framework was adopted on December 12, 1997 in Kyoto, Japan, by 159 states that are members of the 1992 United Nations Framework Convention on Climate Change.

But it took almost four more years of negotiations to complete its rulebook, and then nearly three more years to get the deal ratified. It took effect on February 16, 2005.

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**Policy Statement**
Iraq agrees that full implementation of the Kyoto Protocol should reduce the rate of increase in the atmospheric concentration of carbon dioxide and other greenhouse gases. The nation recognizes that Kyoto is a first step, and that further reductions will be needed to stop the increase in atmospheric greenhouse gas concentrations. Implementation of the Kyoto Protocol would establish policy instruments to negotiate future reductions through a variety of mechanisms including conservation, and increased reliance on non-carbon-based energy sources. Iraq encourages the further development of economic projections, based on scientifically plausible scenarios of future climate change, population distributions, and economic/energy development, that are subject to the same level of intense international review and scrutiny. Iraq takes the position that success in dealing with climate change can only be achieved through an informed population. Iraq affirms its own commitment to the promotion and dissemination of well-founded knowledge on the science of climate change. The public must understand the reasons for and consequences of climate change before they can be expected to accept the need for proactive measures and to participate fully in their implementation. Iraq encourages other countries and organizations to join in this goal.