The UNFCC states, “The action plan will accelerate work on the 1992 United Nations Framework Convention on Climate Change and prepare the way for industrialized countries to take future action under the 1997 Kyoto Protocol. The Protocol's 5% emissions-reduction target aims to arrest and then reverse the historical upward trend in greenhouse gas emissions from these countries and put the world economy on a more environmentally sustainable path.
The plan establishes deadlines for finalizing the outstanding details of the Kyoto Protocol so that the agreement will be fully operational when it enters into force sometime after the year 2000. In addition to the Protocol's "mechanisms", it addresses work on compliance issues and on policies and measures.
In addition, the Plan of Action boosts work on transferring climate-friendly technologies to developing countries and addresses the special needs and concerns of countries affected by global warming and by the economic implications of response measures."
The Plan of Action was drawn up on November 14,1998 at the sixth Conference of the Parties (COP) and subsequently debated at a reconvened COP 6 meeting in Bonn in July 2001, where the Plan was reworked and agreed to as the Bonn Agreements.