Montreal Protocol is the International community’s unprecedented steps to control and ultimately ban the production of CFCs and other ozone depleting substance. Thus, the Montreal Protocol is an International treaty designed to protect the ozone layer by phasing out the production of a number of substances believed to be responsible for ozone depletion.
The treaty was opened for signature on September 16, 1987 and entered into force on January 1, 1989 followed by a first meeting in Helsinki, May, 1989. The treaty also provides a time table on which the production of ozone depleting substances must be phased out, and establishing rules governing international trade in ODS and products based on these materials.
The schedule for phasing out different ozone depleting substances for all the participant countries was again reviewed by the parties to Montreal Protocol in 1995. The India was successful in ensuring that there was no change in its schedule for phasing out CFCs by 2010. The decision to phase out HCFCS by 2040 also provides adequate time to Indian Industries to plan their Industries.
The protocol also provide for a multilateral fund to assists developing countries to cover their incremental costs in eliminating CFC or ODS. India from its part will get 1.9 billion dollar under the protocol for using ODS using ODS substitutes. India by complying with the protocol has prohibited the import or export of eight substances related to the depletion of ozone to those countries which are not signatories to the Montreal Protocol.
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Thus, Montreal Protocol is a beautiful agreement to protect the depletion of ozone layer which is a boon to humanity as it filtrate the deadly ultraviolet rays of Sun. But unfortunately no consensus was reached about suitable mechanism to facilitate transfer of technology from developed to the developing countries.