¥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