Russian president Vladimir Putin ratifies the Kyoto protocol

Moscow (Platts)--5Nov2004

Russian President Vladimir Putin Friday ratified the Kyoto protocol aimed at
reducing pollution emissions that cause global warming, the Kremlin said.
Russia's ratification of the treaty will come in force three months after the
president has notified the United Nations on the move, the Kremlin said. 

In
ratifying the pact, Russia has pledged to bring down its emissions to 1990
levels by 2012. Under the treaty, Russia can also sell unused emissions
credits to countries that have exceeded their limits. Meanwhile, Russia will
decide in 2005 whether it will participate in the second stage of the treaty
after 2012. Following US' abandonment of the Kyoto protocol in 2001, the
future of the treaty designed to reduce emission of greenhouse gases depended
on Russia which accounts for 17.4% of the world's emissions.

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