The Kyoto Protocol is doomed. The reason is simple. Someday the Europeans are going to come to their senses and realize that Kyoto promised something they can’t deliver and Russia is making out like the bandits they are.
To reduce carbon dioxide emissions the Europeans are using more natural gas. Where are they getting a lot of it? Russia. There’s nothing wrong with that, unless you want to give Vladamir Putin the power to halt the supply of natural gas to your country, like he did to the Ukraine in 2006.
Now Russia’s energy giant, Gazprom is bundling carbon credits with natural gas sales. There’s nothing wrong with that, except that Russia has artificially inflated the amount of carbon credits it should have and the projects in third world countries frequently don’t make sense. Here are examples:
Russia has for the first time submitted its greenhouse gas inventory to the UNFCCC. Compared to the national communication submitted in October, the 1990 emissions