Russia no to extending Kyoto Protocol

Russia said it won’t join the second commitment to extend the Kyoto Protocol. The Russian vice Prime Minister confirmed that his country will not sign on to the Second Commitment Period of the Kyoto Protocol. He told that Russia will announce its emissions reduction targets next week but they will not be attributed to the Second Commitment Period which Russia strongly opposes. It implies that Russia will lose the chance to take part in Joint Implementation projects on Climate Change in the future.
The move will have a negative effect on both the economy and low-carbon development in Russia. At the UN Climate change Conference in Durban two years ago, a group of 40 odd rich nations had agreed to cut by 5.2 percent their emissions below 1990 levels by the end of 2012 and to set up a $100 billion Green climate Fund to help the developing nations in climate change issues.
Neither of the two have fructified yet.
Japan has already stated that it won’t join the Second commitment and wants a fair, effective and transparent deal in which the emerging economies should also share the emission reduction cuts.
US has said that it won’t increase earlier commitments to cut emissions by 17 per cent below 2005 levels by 2020. New Zealand has also said that it won’t be a party to second commitment but would like to be involved in climate change talks.
It leaves only European Union, Australia and several smaller countries which account for less than 15 per cent of global emissions as the only parties ready for second commitment.
The BASIC countries led by Brazil, South Africa, India and China have said that the responsibility for the outcome of Climate Change talks depends on developed nations.
Day four at the ongoing UN Climate Change Conference in Doha was dedicated to the role of youth in the issues related to climate change. Experts and delegates from participating nations underlined the importance of involving and motivating them to prepare the world for a safe and secure environment.
The President of the Conference of Parties, COP-18, Qatar’s former energy minister Abdullah Bin Hamad Al Attiyah appreciated the contribution of the youth towards making world a cleaner and greener place to live in and said if UN doesn’t support them, whom will they support.