The Kyoto Protocol: A Business Perspective

Governments have made a tentative start in responding to climate change. In marathon negotiating sessions that extended into an extra day Dec. 1-11 in Kyoto, Japan, representatives from more than 160 governments hammered out the Kyoto Protocol to the United Nations Framework Convention on Climate Change (FCCC). The protocol calls for developed countries to reduce emissions of greenhouse gases (GHGs) on average by 5.2% below 1990 levels by the years 2008-2012. Developing countries have no new

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