Sunday, May 29, 2011
Kyoto Protocol Loses Four Big Nations!
France: Russia, Japan and Canada told the G8 they would not join a second round of carbon cuts under the Kyoto Protocol at United Nations talks this year and the US reiterated it would remain outside the treaty.
The future of the Kyoto Protocol has become central to efforts to negotiate reductions of carbon emissions under the UN’s Framework Convention on Climate Change, whose annual meeting will take place in Durban, South Africa, from November 28 to December 9.
Developed countries signed the Kyoto Protocol in 1997. They agreed to legally binding commitments on curbing greenhouse gas emissions blamed for global warming. Those pledges expire at the end of next year. Developing countries say a second round is essential to secure global agreements.
But the leaders of Russian, Japan and Canada confirmed they would not join a new Kyoto agreement, the diplomats said.
They argued that the Kyoto format did not require developing countries, including China, the world’s No. 1 carbon emitter, to make targeted emission cuts.
At last Thursday’s G8 dinner the US President, Barack Obama, confirmed Washington would not join an updated Kyoto Protocol. The US, the second-largest carbon emitter, signed the protocol in 1997 but in 2001 the then president, George W. Bush, said he would not put it to the Senate for ratification.
The world is pulling back from carbon pricing, as people realise it doesn't work. Japan has abandoned plans for an ETS, the EU scheme is doing little to reduce emissions, but everything to cripple an already struggling economy.
The US Regional Greenhouse Gas Initiative (RGGI), a cap-and-trade scheme with only nine states participating is a failure. That is less than one fifth of the US.