United Nations Framework Convention on Climate Change
United Nations Framework Convention on Climate Change: adopted on 9 May 1992. Its objective is to achieve the stabilization of greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system. Such a level should be achieved within a timeframe to allow ecosystems to adapt naturally to climate change, to ensure that food production is not threatened and to enable economic development to proceed in a sustainable manner. Parties to the Convention are guided by five principles: (1) protecting the climate system for the benefit of past and future generations, (2) giving full consideration to the special needs of developing countries, (3) taking precautionary measures, (4) to promote sustainable development, and (5) measures taken to combat climate change should not constitute a means of arbitrary or unjustifiable discrmination or a disguised restriction on international trade. The Convention divides its members into Annex I countries (OECD countries, Russia and some East European countries), Annex II countries (OECD members) and the remaining group (mainly developing countries). See also greenhouse gases, Kyoto Protocol and trade and development.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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