SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Zoltan! who wrote (164152)7/25/2001 6:26:56 AM
From: ColtonGang  Read Replies (3) of 769667
 
Wash post..........In the absence of U.S. support, Japan became the critical player as the world's second biggest polluter. The treaty must be ratified by 55 nations responsible for 55 percent of all greenhouse gas emissions to enter into force -- and that threshold can only be crossed with Japan's backing.

The compromise was a victory for Japan, which was at the center of the marathon negotiations in Bonn. Japan scored twice in the final agreement: It won a significant reduction of the tough requirements of the protocol, which will appeal to Japanese industry, and Japan also appears to have "saved" the global environment treaty first drafted in 1997 in its historic capital.

Japan signaled it will now support ratification, having achieved most of what it wanted in the negotiations.

Under the compromise reached today, the reductions in harmful emissions will not be as deep as originally envisioned. One major reason is a provision on which Japan insisted allowing nations to take increased credit for so-called "sinks," forested areas that absorb the carbon dioxide gas, seen as a chief culprit of global warming. This also benefits Canada and Russia.

Emissions trading, in which developed countries cut their compliance costs by buying and selling pollution credits, was also crucial for Russia, which stands to gain as much as $10 billion per year because it expects to have a large amount of its quota to trade away. Massive closures of Soviet-era factories have already slashed its pollution levels since 1990.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News