Objective: To strengthen the control procedures under the Montreal Protocol on Substances that Deplete the Ozone Layer (1987), to extend the coverage of the Protocol to new substances and establish financial mechanisms for the Protocol.
Summary of provisions: The Parties agree to amend the Protocol to phase out the production of fully halogenated CFCs and Carbon tetrachloride by the year 2000. Methyl Chroloform is to be phased out by the year 2005. Between 1990 and 2005, Parties agree to gradually reduce and finally phase out the controlled substances. The Amendment provides for tighter provisions on reporting of data, trade with non- parties to the Protocol, and the special position of developing countries and transfer of technology.
Institutional mechanisms: A financial mechanism is established including a Multilateral Fund and a Clearing-house function, for the implementation of the Protocol. Policy guidance for the financial mechanism if provided by an Executive Committee established for the purpose.
(Source: IUCN ELC, 08.2005, based on UNEP Register of International Treaties and Other Agreements in the Field of the Environment, 1996)