Armenia set to benefit from global warming pact

Arminfo
16 Feb 05

Yerevan, 16 February: The Kyoto Protocol, the treaty that requires
cuts in greenhouse gas emissions which cause global warming, came
into effect on 16 February.

[Passage omitted: 141 states supported this protocol]

Armenian Ecology Minister Vardan Ayvazyan said that the sale of unused
“credits” within the framework the Kyoto Protocol may earn Armenia
about 7m dollars annually.

To recap, the Kyoto Protocol envisages a special degree of pollution
of environment by the country’s industrial facilities. If it does not
exceed this limit, the country can sell the unused credit to another
country. Armenia signed an appropriate agreement.