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TOTAL CO2 EMMISSIONS (million metric tons per year) |
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SOURCE: UNFCCC |
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Russia, a developed country, is part of the "Annex 1" bloc of countries committed to cutting emissions under the protocol. But its economy has shrunk so drastically since 1990 that it cannot afford to burn the fuel that would produce the emissions Kyoto entitles it to. Its emissions have fallen by almost 40% in a decade. So it favours emissions trading, selling its unused entitlement to developed countries wanting to emit more than the protocol allows them. Russia will ratify Kyoto, because it recognises it as a way of earning desperately needed money. It plans to use the cash for energy efficiency projects. |
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