The 14-year timetable for the agreement allows plenty of time for the development of new technologies and the technological adjustments which are inevitably made over time. It could also be an opportunity for industry to re-examine current practices and embrace changes which could result in new economic opportunities. The Senate has made it clear to the Administration that when the Kyoto Protocol is transmitted to the Hill, it must contain certain provisions and safeguards which it currently lacks. Upon ratification by two thirds of the Senate, the next hurdle will be the implementing legislation. For the time being, the current legislation aimed at restructuring and deregulating the energy utility industry could gain new status as a vehicle by which some of the goals of the beleaguered Protocol can be attained.
Many powerful lobbies have a great deal at stake.
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