Thus, even just a bilateral deal between the U.S. and China could potentially be more effective than Kyoto is now.
His fears were realized when Japan's Kyoto Ceramics (now Kyocera, Forbes, Aug. 26, 1985) offered to buy Ceradyne.
Both India and the U.K., for example, want to renew Kyoto, but they now disagree on when a replacement should be drafted.
To put that in perspective, all the countries now under mandatory Kyoto cuts account for just 27 percent of global CO2 emissions.
Such deals are happening now because the Kyoto treaty has prompted three sorts of companies to push for the creation of a global market in greenhouses gases: the losers, the winners and the middlemen.
Whether the Clinton-Gore Administration will, in fact, agree to make cuts in energy consumption beyond those involved in bringing carbon-dioxide emissions down to 1990 levels by 2008-2012, either at Kyoto or in a further round of negotiations that now seem all but inevitable, remains to be seen.
Kyoto took five years to hammer out and, unlike now, did not involve developing countries signing up to firm responsibilities.
The bass, as they always do, proliferated--either moved by migrating birds or fishing enthusiasts--and are now found in lakes from the capital to Kyoto, and even in eight of the 13 moats that surround Tokyo's Imperial Palace.
Instead, looking somewhat sheepish, he announced in Sydney on April 27th that the government would now do nothing until the period covered by the Kyoto protocol ends in late 2012.
The Kyoto treaty was set to expire in 2012, but it will now be extended for five more years under the deal reached Sunday.
Given that from the outset the accord was criticized by environmental groups for setting its greenhouse gas reduction targets way too low, however, the fact that even the limited targets it did impose are now unlikely to be met suggest that, while not an absolute failure, the Kyoto Protocol is still far from being a success.
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