Context:
The Himachal Pradesh government urged the Centre to make some arrangement for hilly states in lieu of the revenue loss due to GST implementation and sought compensation on the pattern of the Kyoto protocol.
Kyoto Protocol
- This is an international agreement to reduce the emission of greenhouse gases.
- Adoption
- in 1997, it came into effect in 2005.
- It obliges 37 developed nations and the European Union
- Established
- To reduce greenhouse gas emissions by 5% below emission levels in 1990 between 2008-2012.
- Features
- Included provisions for the trading of emission reduction credits and monitoring of emissions.
- By October 2020, there were 147 states that had ratified the Doha Amendment.
