During its first commitment period, from 2008 to 2012, 37 industrialized countries and the European Community committed to take a leading role in climate action by reducing their emissions to an average of just over five percent against 1990 levels.

The UNFCCC secretariat is expected to complete final accounting for the first phase later this year or early next year.

But according to information submitted by Parties to the Kyoto Protocol in 2014, their total greenhouse emissions at the end of that first commitment period were 22.6 per cent lower than the 1990 base year.

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