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A controversial feature of the protocol is that it allows countries to count, as reducing emissions, carbon sinks (forests and grasslands) added to soak up emissions of greenhouse gases (which include carbon dioxide, methane, and nitrous oxide).The accord was dealt a blow in March 2001 when US president George W Bush announced that the USA, which emits 25% of world greenhouse gases with a 15% increase in emission levels over the last ten years, would not ratify Kyoto as mandatory pollution reductions would harm US economic interests. A European Union (EU) summit held in Göteborg, Sweden, in June 2001, centred on the EU's attempt to persuade the USA to accept the Kyoto Protocol on climate change. However, five hours of talks between President George W Bush and EU leaders yielded no movement from the USA, and the EU member states declared that they would ratify the protocol without US involvement. However, the international effort to save the protocol was dealt two severe blows in July 2001, when first Japan and then Australia both said they would not sign up to any agreement that did not include the USA. The decisions had come despite the efforts of a European Union (EU) delegation that had sought to secure Japanese and Australian involvement. An environmental summit held in Bonn, Germany, in July 2001, ended with a compromise deal based on a more flexible version of the protocol. All sides gave ground in order to salvage the treaty, but the biggest compromises were made by the EU, who eventually conceded substantial carbon sinks to Canada, Japan, and Russia. The EU's earlier objection to the widespread use of sink forests had led to the withdrawal of the USA from the protocol: however, despite the concessions, the USA maintained its opposition. In March 2002, the EU agreed to be legally bound by the terms of the protocol.
Blue stands for the night sky and for water as a source of life. White represents peace. Red indicates the life-force. Green recalls nature and fertility. Effective date: 11 October 1991.
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