Forget global warming — Kyoto is about trade
Guest author | September 18, 2011
When the Kyoto Protocol was signed in 1997, the base year for calculating emissions was back-dated to 1990. They knew then that the ratification process would take many years (it was actually completed in 2005), so why did it hark back to the distant past?
EU
Two big European events occurred in 1991. As a result of the Soviet collapse, heavy industry had closed down in droves throughout the East. And North Sea gas came ashore in the West with a “dash to gas” displacing coal power in the UK, Netherlands, Germany and Denmark.
At the time of the Berlin COP in 1995, EU countries collectively had enough past credits from the 1991-94 period to cover all the obligations they later accepted under the Protocol. It was a no-brainer for them to demand that other developed countries match the EU misfortunes during “the First Commitment Period.” Read more… »







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