Medvedev: Russia does not gain much from Kyoto Protocol, should reconsider its participation

Russia did not gain much from the Kyoto Protocol; further involvement in that initiative should be reconsidered, Prime Minister Dmitry Medvedev told the national government on Thursday.

"We should admit we did not gain particular commercial benefits from the Kyoto Protocol and failed to use it to our advantage. That is absolutely true. This does not mean we should carry it on against reason," Medvedev said. He proposed to give a final evaluation to the Kyoto Protocol and to discuss it in the government once again.

"I personally told various forums and summits that we would bid farewell to the Kyoto Protocol unless the international community could agree to something. Has anything changed since then?" he asked Deputy Prime Minister Arkady Dvorkovich.

"Nothing has changed from the point of view of the international community, so I think we should stick to our decisions," Dvorkovich said.

"Colleagues in the economic block believe we should remain a part of that protocol and enjoy the benefits. I have ordered to consider the possibility of signing a relevant bilateral agreement with the European Union but, bearing in mind the complex relations with the European Union [in energy issues] I am not sure if the probability of this scenario is high," Dvorkovich said.

The Kyoto Protocol is an international document that was signed in Kyoto, Japan, in December 1997 as an appendix to the United Nations Framework Convention on Climate Change (UNFCCC). It binds developed countries and emerging markets to reduce or stabilize greenhouse gas emissions in the period from 1990 to 2008-2012.

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