Australia ratifies Kyoto Protocol
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 December 03, 2007 04:20pm

*AUSTRALIA has ratified the Kyoto Protocol.*

Prime Minister Kevin Rudd signed the instrument of ratification of the Kyoto
Protocol in his first act after being sworn in this morning.

The ratification will come into force in 90 days.

"This is the first official act of the new Australian Government,
demonstrating my Government's commitment to tackling climate change," Mr
Rudd said.

Mr Rudd said the ratification was considered and approved by the first
executive council meeting of the Government this morning.

"The Governor -General has granted his approval for Australia to ratify the
Kyoto Protocol at my request," he said.

Under UN guidelines, ratification comes into force 90 days after the
instrument of ratification is received by the UN, making Australia a full
member of the Kyoto Protocol by the end of March 2008.
"Australia's official declaration today that we will become a member of the
Kyoto Protocol is a significant step forward in our country's efforts to
fight climate change domestically - and with the international community,"
Mr Rudd said.

He said the Federal Gvernment would do everything in its power to help
Australia meet its Kyoto obligations, including setting a target to reduce
emissions by 60 per cent on 2000 levels by 2050.

It also would establish a national emissions trading scheme by 2010 and set
a 20 per cent target for renewable energy by 2020.

Mr Rudd will also lead a delegation to the UN conference on climate change
in Bali.

The Bali conference, which opened today, will set out a plan for the next
round of action against climate change, starting when the current Kyoto
targets expire in 2012.

The Kyoto Protocol was created in December 1997 and has been ratified by 175
countries.

Australia initially agreed to the protocol but later refused to ratify it,
despite being on track to meet its target of limiting growth in emissions.

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