¥The
Kyoto protocol is an international and legally binding agreement to reduce greenhouse gas emissions worldwide. It came into force in February 2005 after being agreed at a 1997 UN conference in Kyoto, Japan. A total of 174 nations (but
not the US) ratified the pact to reduce the greenhouse gases emitted by developed countries to at least 5% below 1990 levels by 2008-12.
¥Bali Conference (12/2007):
a new international climate change deal is being negotiated to replace the Kyoto protocol that expires in 2012.