What is the Kyoto Protocol?
The Kyoto Protocol is an agreement that became effective in 2005. The agreement was made between 160 countries. "The agreement was created to make developed countries reduce their greenhouse gases by either modifying their industries in that company or funding projects in developing nations in return for carbon credits" (Business Ethics now pg 79). Carbon credits are a permit that companies can attain through funding underdeveloped countries and helping them grow. These carbon credits allow countries to produce more carbon emissions. The only thing bad about the carbon credits is that they are able to be sold or traded to other countries if a country has not used up all of them. This has created a massive problems because it is unregulated and countries are trading them for large amounts of cash. Many people feel this agreement is not working because some companies and countries are not trying to fix their green house gas emissions but in turn just by their way out of it by purchasing carbon credits.
The Kyoto Protocol is an agreement that became effective in 2005. The agreement was made between 160 countries. "The agreement was created to make developed countries reduce their greenhouse gases by either modifying their industries in that company or funding projects in developing nations in return for carbon credits" (Business Ethics now pg 79). Carbon credits are a permit that companies can attain through funding underdeveloped countries and helping them grow. These carbon credits allow countries to produce more carbon emissions. The only thing bad about the carbon credits is that they are able to be sold or traded to other countries if a country has not used up all of them. This has created a massive problems because it is unregulated and countries are trading them for large amounts of cash. Many people feel this agreement is not working because some companies and countries are not trying to fix their green house gas emissions but in turn just by their way out of it by purchasing carbon credits.