The second issue is cost-effectiveness. Over the long run, predictable, cost-effective reductions will allow for the greatest environmental benefit possible for every dollar spent on climate change. Cost-effective action is only possible if the Kyoto mechanisms and sinks can be implemented as widely and as simply as possible while preserving the environmental integrity of the Protocol. Overly bureaucratic requirements or artificial limits on these important tools will only restrict the ability of the Parties to act and undermine support for the Protocol. The third issue is participation by developing countries.
Climate change is a global problem that requires a global solution.
Industrialized countries must take the lead, but other countries must also contribute in ways that promote their sustainable development. Many developing countries are already making significant strides to improve energy efficiency, slow deforestation and otherwise stem their emissions growth. The Clean Development Mechanism will provide the means for many countries to take additional action while growing their economies. Shaping the rules and procedures of the Kyoto Protocol is a highly complex and complicated process. We must succeed.