Tuesday, September 03, 2002

Keep Your Hand on Your Wallet
The current Russian government seems to be rather a bottom line bunch, so I was puzzled by Russia to Ratify Kyoto Protocol. Then I read the details:
"Russia has signed the Kyoto Protocol and now we are preparing for its ratification," Kasyanov said. "That ratification will occur in the very near future."

... the Kyoto Protocol, which requires developed nations to reduce emissions of carbon dioxide and other heat-trapping gases to 1990 levels by 2012.

... Russia, whose industry ? and pollution ? has declined dramatically since 1990, had hoped to benefit greatly from Kyoto mechanisms that allow those who come in under their emissions quota to sell the right to pollute to other nations.
Not bad Comrades! Your industry goes in the dumper and you can charge the economically able for it. But there is a fly in the ointment:
But the United States, as the biggest polluter, was expected to be the biggest buyer.
The check is in the mail, Ivan!

Hey, ratification doesn't cost the Russians anything and if the US ecowhiners ever get half a chance, the taxpayers will be anteing up for this foolishness.