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
Montreal Protocol over the period 1991 to 2005. Funds are used, for example, to finance the conversion of existing manufacturing processes, train personnel, pay royalties and patent rights on new technologies, and establish national ozone offices. As of 23 June 2015, all countries in the United Nations, the Cook Islands, Holy See, Niue as well as the European Union have ratified the original Montreal Protocol (see external link below), with South Sudan being the last country to ratify the agreement, bringing the total to 197. These countries have also ratified the London, Copenhagen, Montreal, and Beijing amendments. Since the Montreal Protocol came