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Kyoto protocol set to go live
1 October 2002
Announcements at the World Summit on Sustainable Development by several countries of intent to ratify the Kyoto Protocol mean it is likely to come into force early next year, with or without US ratification -- bringing with it new opportunities for wind power development as signatories look for ways to meet what would be a legally binding target to reduce their greenhouse gas emissions to at least 5% below 1990 levels by 2012. China surprised delegates by announcing it had ratified, Canada said it will present the protocol for ratification by its parliament soon, and Russia's prime minister Mikhail Kasyanov told delegates it plans to ratify "in the very near future." Together ratification by these countries means the protocol will have enough signatories to make it legally binding for most of the world. Soon after the Russian announcement, Australia's prime minister, John Howard, was adamant that his country has not shut the door on Kyoto.
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