Source national post news.
“Japan will not inscribe its target under the Kyoto protocol on any conditions or under any circumstances.”
Japan is the third largest economy in the world. In absolute, unequivocal terms it has just announced it will not be extending the Kyoto agreement.
It’s hard to see how a carbon trading scheme can continue to grow when major emitters are pulling out.
“The delicately balanced global climate talks in Cancún suffered a serious setback last night when Japan categorically stated its opposition to extending the Kyoto protocol – the binding international treaty that commits most of the world’s richest countries to making emission cuts.
The Kyoto protocol was adopted in Japan in 1997 by major emitting countries, who committed themselves to cut emissions by an average 5% on 1990 figures by 2012.
However the US congress refused to ratify it and remains outside the protocol.”
From The Guardian: Japan refuses to extend Kyoto
Presumably this is the perfect time then for the Gillard Government to launch Australia (with it’s minor player, 800 billion dollar, GDP) into a sacrificial symbolic scheme that the rest of the world is abandoning.
‘The forthrightness [...]
Recent Comments