International Environmental Update.ppt
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1、International Environmental Update,Tom Cortina Halon Alternatives Research CorporationIASFPWG Meeting November 5-6, 2003 Atlantic City, New Jersey,Kyoto Protocol Status,Worldwide differentiated target of 5.2% reduction in GHGs between 2008-2012 119 countries have ratified representing 44.2% of globa
2、l GHG emissions Russia holds the key to reaching 55%of emissions required for entry into force Russian ratification still unclear, recent indications are they will not ratify this year, maybe never Kyoto Protocol now in a “holding pattern”,United States,U.S. will not become a party to Kyoto Protocol
3、 Focused on voluntary programs to address GHGs Department of Energy (DOE) expected to propose an enhanced voluntary GHG reporting program that will include transferable credits for verified reductions McCain/Lieberman cap and trade bill defeated in Senate (55-43),Europe,EU emissions trading scheme w
4、as recently approved by the EU Parliament Major industries included in the program, such as oil, steel, cement, glass, and paper, will have a CO2 cap starting in 2005 Companies that cannot meet their cap can purchase emission credits from companies whose emissions are below their cap Emission caps w
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