What To Expect From The Kyoto Protocol

The global environmental movement calls it a historic victory, but critics in the industry and elsewhere say the bang could end in a whimper: Emissions of carbon dioxide will continue to rise, many of the cuts in greenhouse gases claimed under Kyoto probably would have happened anyway, and its future could be derailed by the stony opposition of the Bush administration...Supporters acknowledge those realities but argue that the real impact of the treaty is not tangible...

With the United States on the sidelines, the Kyoto treaty could end up as ineffectual as the post-World War I League of Nations. But by uniting the vast majority of the world's nations, Kyoto could equally be the harbinger of an international model that rewards pollution-cutting innovation and pushes countries and companies to pursue cleaner forms of growth."

Thanks to Abhijeet Chavan