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Japan ratifies Kyoto Protocol while Howard hedges.

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C:\WINDOWS\TEMP\020604 THOMSON - Japan ratifies Kyoto Protocol while Howard hedges.doc 05/06/2002 8:43 AM

KELVIN THOMSONMedia Release from the Shadow Minister for Environment & Heritage Japan Ratifies Kyoto Protocol while Howard Hedges

Japan today agreed to ratify the Kyoto Protocol. This is a clear signal that the Kyoto Protocol, with its legally binding targets and timetables, is the only effective international framework for combating global warming.

Ratification of the Protocol will also enable Australian business to participate in international emissions trading and carbon credits based activities. Failure to ratify runs the risk of leaving Australian business behind.

Japan’s decision to ratify follows hot on the heels of the European Union (EU). The EU signed the protocol on 31 May, meaning 71 countries have now agreed to ratify the Kyoto Protocol.

Consequently, the first threshold for the Kyoto Protocol’s entry into force has now been attained.

Norway, New Zealand and Russia, the candidate countries and many other developing countries are also making significant progress towards ratification.

The Howard Government must take a leadership role, stop its procrastination on global warming, and ratify the Kyoto Protocol.

For Further Information: Kelvin Thomson MP Phone: 03 9350 5777 Mobile: 0419 594882 Gavan O’Neill Phone: 03 9350 5777 Mobile: 0417 118146

Wednesday, 5 June 2002