Russian president signs bill ratifying Kyoto Protocol

Nov 05, 2004 01:00 AM

Russian President Vladimir Putin has signed a bill on the Kyoto Protocol on climate change, thus completing Russia's ratification of the treaty.
The treaty was ratified by the State Duma, the Russian parliament's lower house, on Oct. 22 and approved by the Federation Council, the upper house, on Oct. 27, 2004.

The decision to ratify the document was made with the consideration that the protocol is important for international cooperation.
The Kyoto Protocol will not come into effect without Russia's ratification. The treaty needs endorsement by 55 industrialized nations accounting for at least 55 % of global greenhouse gas emissions in 1990.

Russia accounted for 17 % of carbon dioxide emissions in 1990 and the United States, which has rejected the pact, accounted for 36 %.
The Kyoto Protocol stipulates commitments of each of the signatories to limit greenhouse gas emissions to the atmosphere for the first period from 2008 to 2012.

Source: Xinhuanet
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