The Kyoto agreement needs a lot of work before I would encourage our politcals to sign onto it. Some examples:
If you cut a tree or a forest you get a carbon debit. If you plant a new forest or tree in its place, you get no credit. That leaves you owing Kyoto.
If there is a company working in your country and that company has a parent company abroad, the local company can "buy" carbon credits from their parent company in the foreign land. (This is what the forest cutter would have to do).
The result being untold amounts of money have been moved from your country to a foreign company with no taxes paid. More especially they can charge that transfer of funds as a loss and deduct it.
This is a corporate dream come true!



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