Significant Results Arising from Russian Ratification of Kyoto
¥More laggard nations motivated to ratify Kyoto treaty – 18 countries ratified between 18 November 2004 and April 2005, including 7 OPEC countries
¥Helped launch the regime of obligatory quantified limitations on GHG emissions by most Annex I countries
¥Provided vigorous momentum to creation of the market for carbon credits
¥Provoked and diversified further international dialogue on responding to climate change