Home
Information Radio Network
News Commentaries
News Links
Affilliates

 



Canada faces soaring costs to meet Kyoto
By: Administrative Account | Source: UPI
March 15, 2005 6:34AM EST


 

OTTAWA, March 14 (UPI) -- Canada could be looking at a bill as high as $8.4 billion to meet its targets for fighting global warming under the Kyoto protocol.

It would be twice the amount Ottawa has budgeted for Kyoto to date, the Globe and Mail reported Monday.

The estimates were based on consultations between Natural Resources Canada and Environment Canada, and a special Cabinet committee was briefed on the predicted costs last week.

The ballooning costs were based at least in part due to the country's faster-than-expected economic growth, which has led to increased greenhouse gas emissions. According to the protocol, Canada must cut greenhouse gas output to 6 percent below 1990 levels by 2012, and increased emissions mean that much more the country needs to cut.

"It's a political horror show," said one official, who noted Canada's finance minister recently presented Parliament with a budget allocating $4.1 billion over the next five years to the Kyoto

plan and other environmental programs.

"This is a big issue for ministers because it's a big fiscal issue," another official said.

Email this Article Printer Friendly Version

Related Articles
- California Assisted Suicide Proposal Faces First Vote Tuesday
- EU Helps Pass US-Initiated Resolution on Cuba at UN Rights Meeting
- General Motors's Debt Costs Surge as GE Pulls Support
- Air Security Agency Faces Reduced Role
- Ford Cuts 2005 Forecast, Won't Meet '06 Profit Target
- N. Korean Prison Camp Survivors Speak at UN Meeting

Home| Search| News Archives| Submit News| Email Administrator| Login| Get Syndicated Content