Kyoto Protocol

Nepali Times issue #224 3-9 December 2004

Twenty years ago this week, we wrote why Prime Minister Sher Bahadur Deuba (in his third term in office) should ratify the Kyoto Protocol. Nepal stood to lose millions of dollars under the Clean Development Mechanism (CDM) for carbon offset. 

Nepal has made progress in cutting emissions and increasing forest cover but action is still not adequate. Uncaring politicians at home as well as big emitting countries -- it's still the same old story. Excerpts of the piece published on issue #224 3-9 December 2004:

HImalayan snows are melting, glaciers are receding and glacial lakes are threatening to burst their banks. Even if global average temperatures increase by half the projected scenario, sometime in the middle of this century our Himalayan water towers will have started melting.

You don’t expect politicians to have time horizons to worry about what will happen in 2055. The American administration is certainly not worried and our politicians are wont to argue that if the Americans aren’t budging why should we bother? Besides, it looks like the planet’s surface will continue to warm well into the 2100s even if the emission cuts under Kyoto are implemented.

But the reason Prime Minister Sher Bahadur Deuba should move urgently this week to get Kyoto ratified (by ordinance because there is no parliament) is because we stand to lose millions of dollars under the Clean Development Mechanism (CDM) trading the carbon we have not emitted by promoting renewable energy.

In the next 20 years, Nepal could be rewarded for not pumping 50 million tons of carbon into the atmosphere and collect up to $200 million just from its biogas program alone. Additionally, as fossil fuels get scarce and more expensive our own hydropower will be a much more competitive export. 

For archived material of Nepali Times of the past 20 years, site search: nepalitimes.com