About a month ago I posted some responses to the editorial position taken at the Economist. One of their claims was with regard to the Kyoto Protocol and that “European Union countries and Japan will probably hit their targets, even if Canada does not.”
At the time I registered skepticism with respect to these estimates. Turns out my skepticism was well-founded.
From Wired News:
Between 1990 and 2004, emissions of all industrialized countries decreased by 3.3 percent, mostly because of a 36.8 percent decrease in the former Soviet bloc, the U.N. reported. Since 2000, however, those “economies in transition” have increased emissions by 4.1 percent.
Well, I’ve examined the decreased emissions in Russia before, which has been due in large part not to any government action but by the extensive contraction of the Russian manufacturing sector. The decrease in carbon emissions came at a huge economic cost, all of which was incidental and unrelated to the ratification of Kyoto.
More from Wired,
Of the 41 industrialized nations, 34 increased emissions between 2000 and 2004, the U.N. reported…. Among countries bound by Kyoto, Germany’s emissions dropped 17 percent between 1990 and 2004, Britain’s by 14 percent and France’s by almost 1 percent, the U.N. reported. But Kyoto signatories such as Japan, Italy and Spain have registered emissions increases since 1990.
Looks like Russia might have some buyers for those carbon credits after all.