The United Nation’s favoured approach would require massive wealth transfers and be wildly unpopular.
Nearly a year after signing the Kyoto Protocol, the federal government has taken concrete actions that let us put a price tag on that signature. The Chrétien government has said it plans to invest $1 billion on Kyoto in this years budget, to meet 8 percent of Canadas commitment to reduce greenhouse gas emissions.
While the United States has been focused on the mid-term elections and Iraq for the past several months, Canadians have been focused intently on the question of whether or not Canada should ratify the Kyoto Protocol on Climate Change.
The firestorm of debate erupted in September 2002, at the Johannesburg Earth Summit, where Canadian Prime Minister Jean Chrétien pledged to ratify the Kyoto Protocol by Christmas. If Chrétien lives up to his promise, Canada would be the first, and likely the only country in North America to sign on to the Kyoto Protocol.