Kazakhstan ratifies Kyoto protocol

Times of India , Friday, February 27, 2009
Correspondent : REUTERS
ASTANA: Kazakhstan approved its membership in the Kyoto protocol, a UN-led pact to fight global warming that would allow the vast Central Asian nation to sell emission permits.

The deal, adopted in 1997 and signed by Kazakhstan in 1999, sets emissions reduction targets for industrialized nations while allowing less developed countries to sell parts of their quotas. Kazakhstan was the last signatory that had not ratified it.

On Thursday, its upper house of parliament approved the protocol and President Nursultan Nazarbayev is now due to sign the ratification decision into law, usually seen as a formality.

The Kyoto framework expires in 2012 and about 190 countries are seeking to adopt a new climate treaty to succeed it at a key UN climate meeting in Copenhagen in December.

Kazakhstan is the world's ninth largest country by territory, but has a population of just 15.6 million. Oil production, mining and metals are the major industries and, along with power plants, the main sources of air pollution.

Under the Kyoto protocol, Kazakhstan will be able to sell emission rights to other countries who would otherwise exceed their pollution quotas. Japan has bought emission rights from about 10 eastern and central European countries in the last two years and is close to inking a deal with Kazakhstan's ex-Soviet peer Ukraine, a source close to the talks said this month.

 
SOURCE : Friday, February 27, 2009
 


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