Putin Signs Kyoto Protocol Into Law

MOSCOW, Russia, November 5, 2004 (ENS) - "In the briefest possible terms, the Kremlin announced today that President Vladimir Putin had signed the federal law “on ratification of the Kyoto Protocol to the framework convention of the United Nations on climate change." The protocol will become legally binding on all participating countries 90 days after Russia notifies the United Nations of its ratification.

EDIT

Russia will be obliged to hold its emission of six greenhouse gases to 1990 levels during the first commitment period 2008-2012. Other European countries must reduce their emissions an average of eight percent during that period. After 2012, Russia will make another decision about whether or not it will continue to participate in the protocol.

Vsevolod Gavrilov, deputy director of the economic development and trade ministry's department for property and land relations and the economics of nature management, told the Russian news agency Novosti what the protocol will mean for Russia. "In my opinion, it will do no harm. It depends on us whether it will benefit Russia or not," Gavrilov said. In addition to reducing emissions, Russia must assess them and compile a register of industrial enterprises. "Surely, this will cost money," said Gavrilov, "but the formation of these institutions and this potential will be useful for Russia."

By contrast with the European Union, which is also bound by the protocol, Russia will not impose heavy fines on its industries for non-compliance, Gavrilov said."

EDIT

No link - subscription service

because our s-elected pResident doesn't believe in global warming. Or science; or education in general.
Thinking causes his tiny brain to hurt.

Professor 2