Key Challenges to Russia as a Result of Its Ratification of Kyoto Protocol
¥Significant economic burden
¥Potential serious conflicts with RussiaÕs economic growth targets
¥Future losses in Russian oil sector – largest source of RussiaÕs foreign currency
¥Uncertain market for Russian carbon credits
¥Competition from East European nations and Ukraine
¥Reduced demand without U.S. accession to Kyoto
¥Technological, institutional, legal, organizational limitations and difficulties with compliance
¥Need to marry and bring into alignment all climate change policy components with other strategic development goals and tasks