Montreal Protocol

The Montreal Protocol on Substances that Deplete the Ozone Layer was signed in 1987 by 24 countries. Later Multilateral Fund for the Implementation of the Montreal Protocol was created , thus Montreal protocol became the first of the multilateral environmental agreements to establish a financial mechanism for implementation. Gradually it received universal ratification where by all countries have become member of the protocol .

Initially on the basis of very definite empirical findings, the Protocol enjoined upon all the signatory nations to completely phase out the major Ozone Depleting Substances (ODSs) such as chlorofluorocarbons (CFCs), halons and carbon-tetrachloride (CTC) in a given time schedule. Later, other studies have brought more ODSs such as hydro chlorofluorocarbons (HCFCs) and methyl bromide under the ambit of the Protocol for phasing out within the given deadlines.

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