Kyoto Protocol European Union-15, made up of 15 states at the time of the Kyoto negotiations) commit themselves to binding targets for GHG emissions. The targets apply to the four greenhouse gases carbon dioxide (), methane (), nitrous oxide (), sulphur hexafluoride (), and two groups of gases, hydrofluorocarbons (HFCs) and perfluorocarbons (PFCs). The six GHG are translated into CO equivalents in determining reductions in emissions. These reduction targets are in addition to the industrial gases, chlorofluorocarbons, or CFCs, which are dealt with under the 1987 Montreal Protocol on Substances that Deplete the Ozone Layer. Under the Protocol, only the Annex I
UNEP OzonAction Multilateral Fund for the Implementation of the Montreal Protocol was set up. The Fund's "main objective is to assist developing country parties to the Montreal Protocol whose annual per capita consumption and production of ozone-depleting substances is less than 0.3 kg to comply with the control measures of the Protocol". UNEP’s OzonAction branch is one of the Fund’s implementing agencies, along with others, such as UNIDO, UNDP and the World Bank. Official website UNEP OzonAction OzonAction is a branch of the United Nations Environment Programme (UNEP) which has its main office in Paris, and is part of UNEP's Division of