Target= 1990 CO2 emissions x (Reduction Factor/(2012 Percentage of Kyoto bound GDP/1990 Percentage of Kyoto Bound GDP)
Here are the changes in the G8 as of 2003 (the last year I can find emission stats for):
Old Target New Target 2003 Level
(all in Millions of tons of Carbon)
Canada 106,678.72 108,094.60 154,392
Russia 541,492.00 230,980.70 407,593
United States 1,222,776.09 1,306,077.58 1,580,175
Germany 223,752.28 200,558.74 219,776
France 91,005.48 86,568.62 102,065
Italy 97,831.88 86,098.80 121,608
United Kingdom 142,945.00 153,170.64 152,460
Japan 274,679.28 237,830.32 336,142
A few things jump out from these numbers:
- Russia's environmental record is exposed: The Russian economy collapsed between 1990 and 2003. It's percentage of the world economy has been nearly halved. It should not be producing the same kind of emissions.
- Countries with strong economies (CAN, UK, US) get a bit of a break. It doesn't mean they get off the hook as both Canada and the US are still above their targets.
- The Europeans are shown to be not as green as they may like. Now it is possible that if these were the existing targets Germany would be closer to meeting their requirements but it seems doubtful.
It is important to note that this formula would actually reduce emissions further than the one currently in place by about 12%. It makes more sense for industry and for the environment.
I appreciate any input on this proposal. If anyone could find a more recent link for CO2 emissions I'd also be grateful.