Kyoto protocol`s substitute unlikely by Mexico conference
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Kyoto protocol's substitute unlikely by Mexico conference

Last Updated: Thursday, March 18, 2010, 17:41
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Kyoto protocol`s substitute unlikely by Mexico conference Moscow: A new legally binding document that would replace the Kyoto Protocol is unlikely to be ready by the next UN conference on climate change in Mexico, Russia's presidential envoy on climate-related matters said.

"The time frame set in Copenhagen UN conference on climate in 2009 will not let a new legally binding agreement to be achieved by the meeting in Mexico," Alexander Bedritsky, said following a meeting of Russia's Security Council Wednesday.

"Greenhouse emissions should be cut by 15-25 per cent before 2020."

"The participation of all major players and the role of Russia's forests in coping with greenhouse gas emissions" should be the basis for a new global agreement, Bedritsky said.

"Our forests' potential should be considered more closely in relation to the Kyoto Protocol," he said.

Russia's minister of natural resources, Yuri Trutnev, added "the Russian side insists the year 1990 must remain the basic year to calculate emissions."

This topic was discussed at Wednesday's meeting of Russia's Security Council, the minister said. Russia's President Dmitry Medvedev initiated a set of measures to implement the climate doctrine.

The UN's 16th Framework Convention on Climate Change will be organised in Cancun Mexico this December.

Participants in the Copenhagen conference failed to achieve an international legally binding agreement on reduction of greenhouse gas emissions.

PTI

First Published: Thursday, March 18, 2010, 17:41

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Investor - Sweden
Tricorona, The company is listed on the OMX Stockholm will certainly benefit out of this news.
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