Word: kyoto
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Dates: during 2000-2009
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...forgotten that deep differences remain. Last week, the Kyoto protocol on climate change came into effect without the support of America, the world's largest producer of greenhouse gases. The International Criminal Court, which the E.U. considers an ideal forum to deal with the slaughter in Darfur, is opposed by the U.S. And major disagreements persist over how best to stymie Iran's apparent intention to develop nuclear weapons, whether to lift the arms embargo on China, whether to sanction Syria for occupying Lebanon and aiding Iraqi insurgents and Hezbollah terrorists, and whether Europe should brand Hezbollah itself a terrorist...
...Such deals are the heart of the "cap and trade" system for greenhouse-gas emissions that forms a pillar of the Kyoto accord on climate change, which goes into effect this week. Under the scheme, the total emissions of developed nations are limited, or "capped" at a fixed level, and each nation assigns a number of CO2 allowances to its major carbon-emitting sectors; companies that have unused allowances (as a result, for example, of antipollution improvements) may sell their excess allowances to companies that need them. Theoretically, the wisdom of the marketplace will lower the cost of reducing harmful...
...rules complicate any such plans. Because the Kyoto protocol requires reductions from a baseline of 1990 emissions, some rapidly modernizing countries, such as the Czech Republic, may have already surpassed their Kyoto targets. Yet the ets has its own goals, capped closer to today's actual emissions. The Czech Ministry of Industry and Trade says the country needs at least 100 million E.U. allowances if it is to sustain its gdp growth rate of about 4% from this year to 2007. Too few allowances could stifle growth in the new E.U. states, while too many would not motivate investment...
...system has implications well beyond Europe's borders. Under the provisions of the Kyoto pact, industrialized countries can receive emissions credits if they pay for projects that reduce or avoid emissions in poorer nations or other industrialized countries. For example, West European nations could build clean-energy facilities in Russia or its former satellites...
...letter, which he tucked into his pocket as he rushed out. As I would soon discover, the letter was the President's answer to the appeal sent by Senator Hagel and his three colleagues the week before. In his reply, the President restated his opposition to the Kyoto Protocol, and then added, "I do not believe ... that the government should impose on power plants mandatory emissions reductions for carbon dioxide, which is not a pollutant under the Clean Air Act." By stating that carbon dioxide was not a pollutant, he had issued a stronger repudiation of his campaign position than...