However, when it comes to environmental solutions, we should use all the lessons we can learn from, and we can certainly learn from what flowed in Montreal in the 1980s. The Montreal Protocol is the international agreement that guarantees the protection of the world`s ozone layer through the global abandonment of ozone-depleting substances (SDGs). All UN member countries have signed the Montreal Protocol and all have an obligation to phase out the ODS used in refrigeration and air conditioning techniques, foam bubbles, aerosols, solvents and other applications. A huge effort by the international community resulted in an international agreement and, in two years, the Montreal Protocol on ozone-depleting substances was ratified. Soon, the planet began to repair itself. A big part of the success of the Montreal Protocol is that it was not a one-and-done in the 1980s. On the contrary, the treaty has been amended several times, the agreement being improved for the environment each time. The Kigali amendment is the latest update of its kind and proposes to abolish CFCs, starting with higher-income countries and descending on all counties by 2024. This exit would limit global warming by 0.5 degrees Celsius during this century. The Fund is managed by an executive committee similarly representing seven industrialized countries and seven Article 5 countries, elected each year by a meeting of the parties. Each year, the committee reports on its activities at the parties` meeting. The Multilateral Fund`s work on the ground in developing countries is led by four implementation agencies that have contractual agreements with the Executive Committee: The Montreal Protocol is widely regarded as the most successful environmental agreement. It contains a binding timetable for the abandonment of ozone-depleting substances.
This timetable has been subject to regular review, accelerating expiry dates, in accordance with scientific understanding and technological advances. It culminated in 1987 with the Montreal Protocol of the United States, a pioneering agreement on the prohibition of CFCs and other ozone-depleting substances. The agreement set a binding timetable for the gradual reduction of the main ozone-depleting substances and provided funds to developing countries to help them get out of these substances. In the meantime, the companies that produced these chemicals also arrived on board. The parties to the protocol meet once a year to make decisions to ensure the proper implementation of the agreement. These include adapting or modifying the protocol, which has been implemented six times since its inception. The most recent amendment, the Kigali amendment, called for the gradual reduction of hydrofluorocarbons (HFCs) in 2016.