I countries that go beyond stabilization, and set targets of a three percent reduction in the commitment period of 2008 to 2012 and a further five per cent reduction in the period of 2013 to 2017. Canada seeks an agreement that takes national circumstances into account and respects equivalency of effort. We will need flexibility to adjust, step by step, to the changes that will be required to reduce emissions. We recognize that priority needs to be placed on domestic reductions. At the same time, we are seeking a Protocol package that includes flexibility measures so that we can reduce our emissions as cost effectively as possible.
Climate change is a global problem that requires a global solution.
Canada recognizes that most of the accumulated emissions in the atmosphere came from developed countries. It is entirely appropriate therefore that we should go first. At the same time, the data show that emissions from developing countries are growing. Within the time frame foreseen for this Protocol, these emissions will likely exceed those of developed countries. An outcome in Kyoto that does not provide for their participation in the search for a solution to climate change cannot be effective.