But larger quotas could be sold to other states. It looks likely that the beleaguered Kyoto Protocol, the agreement signed in 1997 designed to reduce emissions of greenhouse gases, is to be dealt another blow. Russia now has serious reservations about ratifying the treaty, and alternative plans are already being drawn up. They include lowering greenhouse emissions, but without damaging Russia s economic interests. Russian Federation Russia will probably refuse to ratify the Kyoto protocol.
Russian officials believe the protocol contradicts Russian interests.
Several alternative programs to protect the environment will be initiated, including planting new forests and building new blocks of nuclear power stations. He promised the nation, deeply concerned about the tremendous risks inherent in that business, that he would personally supervise the whole process and that he is forming a special watchdog commission for the purpose. Maybe the greenies should put the money up themselves, says Peter Cresswell. Join the network for free. The Freedom Network is a service of The Henry Hazlitt Foundation .