Common but Differentiated Responsibilities
The developing countries of the South feel that much of the ecological degradation in the world is the product of industrial development undertaken by the developed countries. If they have caused more degradation, they must also take more responsibility for undoing the damage now. Moreover, the developing countries are in the process of industrialisation and they must not be subjected to the same restrictions, which apply to the developed countries. Thus the special needs of the developing countries must be taken into account in the development, application, and interpretation of rules of international environmental law. This argument was accepted in the Rio Declaration at the Earth Summit in 1992 and is called the principle of ‘common but differentiated responsibilities’.
The Kyoto Protocol is an international agreement setting targets for industrialised countries to cut their greenhouse gas emissions. Certain gases like Carbon dioxide, Methane, Hydro-fluoro carbons etc. are considered at least partly responsible for global warming - the rise in global temperature which may have catastrophic consequences for life on Earth. The protocol was agreed to in 1997 in Kyoto in Japan, based on principles set out in UNFCCC.
COMMON PROPERTY RESOURCES