Canada may join AP6

This week's announcement by the Canadian government -- that it may join a U.S.-led coalition focused on voluntary emissions cuts -- could be part of a global shift away from Kyoto's binding targets.

In a somewhat surprising development, Canada, a long-time supporter of the Kyoto Protocol, announced that it may want to join the Asia-Pacific Partnership on Clean Development and Climate (AP6), a six-nation coalition focusing on voluntary emission-reduction steps and technology transfers. Many environmentalists oppose AP6 out of a fear that it may undermine political support for the legally binding Kyoto treaty.

The partnership, launched in mid-2005, is an agreement among six countries -- Australia, China, India, Japan, South Korea and the United States -- to develop and share greenhouse-gas reduction technology to combat climate change. According to the AP6 Web site, the six partner countries "represent about half of the world's economy, population and energy use, and they produce about 65% of the world's coal, 48% of the world's steel, 37% of world's aluminum, and 61% of the world's cement." The countries also account for half the world's greenhouse-gas emissions.

Unlike the Kyoto Protocol, the Asia-Pacific Partnership is voluntary and technology-based, and lets each country set its own goals for greenhouse gas emission reductions, rather than legally binding them to a greenhouse gas reduction target.

via the Financial Post and American.com

h/t: Jack's Newswatch

Update: Captain Ed opines, "If Canada joins the AP6, Kyoto will collapse."