Monday, June 13, 2011

Kyoto may be empty shell by 2012 as nations opt out

NEW DELHI: The future of the Kyoto Protocol is in peril and the global compact could end up being an empty shell by 2012.

Major developed countries including Japan, Russia and Canada have refused to be part of the protocol in its second phase and to commit targets for reducing greenhouse gas emissions under it. Europe has also changed the goalposts. It is now suggesting that it would not sign on to the protocol unless emerging economies, including India and China, take strong targets as well under a new deal.

Under the first phase of Kyoto Protocol, the developed countries had emission reduction targets running up to 2012. The sole exception was the US which steadfastly refused to sign it. Under the protocol, developing countries had no such commitments.

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