Today, on February 16, the Kyoto Protocol...
have to tighten its gas valve, and its South and North Stream projects would become problematic.In IEA opinion, under the post-Kyoto protocol, Russia will be able to supply Europe with 180 billion cubic meters of gas by 2020 and gas consumption in Europe will grow by 37%. If the protocol were not signed, the EU"s gas appetite would grow by 67% and Russian gas supplies would rise to 240 billion cubic meters. The difference in the scale of consumption is calculated based on Europe"s potential introduction of energy conservation technology, higher efficiency in the energy industry and the development of the nuclear power industry.
Gazprom is planning to increase its gas exports to Europe up to 170 billion cubic meters in 2012. In 2010, it will supply Europe with 160 billion cubic meters of gas. Since Copenhagen did not produce any binding post-Kyoto document, the IEA"s second prediction is likely to become reality.
What is better: yesterday"s Kyoto protocol
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