Incentive for Ratification. The Kyoto Protocol, the international agreement to reduce emissions of greenhouse gases, seemed all but dead until the "Credit for Early Reductions Act," (S. 547) was introduced in the Senate. Designed to make ratification of the treaty more politically enticing, the bill would give President Clinton the power to hand out billions in subsidies to companies willing to reduce greenhouse gas emissions before the agreement is even implemented. The only catch is that companies cannot cash in the subsidies until the Kyoto Protocol is ratified, making a vote for S.