10.01.2004

The Money Behind Kyoto Treaty

Russian Cabinet Backs Kyoto Pact (washingtonpost.com)

Turns out Russia could make billions of dollars every year with the implementation of the treaty by selling emission quota credits to other countries. I had no idea Russia has actually reduced their emissions 25 percent below its 1990 levels - thats huge! That should certainly counter-balance any arguments that might be had about slowing the economy.

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