Economic Consequences of Ratification of the Kyoto Protocol by the Russian Federation
Carbon dioxide emissions are the inevitable result of hydrocarbon consumption, that is the energy pillar of the modern civilization. These emissions are the function of economic activity and carbon intensity of GDP. With strict natural limits on speed of reduction in the carbon intensity of GDP restraining CO2 emissions means restraining energy consumption and economic activity. Ratification of the Kyoto Protocol by the Russian Federation means that for the first time in the Russian history legal binding limits are put on absolute size of the Russian economy.
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