The Kyoto Protocol on Climate Change moved a step closer to taking effect on December 10, 2003 when Prime Minister Jean Chretien signed the international accord. Under Kyoto, Canada will be obliged to reduce its emissions of such greenhouse gases as CO2 to 6 per cent below 1990 levels by 2012. With Canada’s participation, a total of 98 countries representing an estimated 40.7 per cent of global greenhouse gas emissions have now ratified the Protocol.
Some opponents say ratification will harm Canadian industry, especially in oil-rich Alberta. Others say that the accord is based on junk science and misinformation.
The Protocol will take effect when at least 55 countries representing 55 per cent of global greenhouse gas emissions have approved it.
See the Editorial “Under the Weather” in the October/November edition of affiliate publications Hazardous Materials Management magazine and a special report on the impact of Kyoto in the February/March 2003 edition of this magazine.