The Kyoto Protocol is an international agreement with the aim of reducing greenhouse gas emissions. It commits industrialized countries to reduce emissions by 5.2% between 2008-2012 compared to 1990 levels. The protocol offers flexible mechanisms for countries to meet emissions targets, including emissions trading between countries, investments in other countries to reduce emissions, and investments in developing countries. It monitors five main greenhouse gases and established funds to help countries adapt to climate change impacts. The protocol is seen as an important first step but more stringent reductions are still needed going forward.