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