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Creator Capital Ltd Ord CTORF

"Creator Capital Ltd operates in the electronic gaming and multimedia industry. The company offers in-flight gaming software systems and services by developing, implementing, and operating computer based gaming softwares."


GREY:CTORF - Post by User

Post by warrenbuffet99on Jan 14, 2002 1:02am
140 Views
Post# 4630072

GO GREEN!

GO GREEN!China starts showing signs of turning green By HISANE MASAKI Staff writer Is China -- a demographic and potentially economic leviathan -- getting serious about international cooperation to protect the environment after more than two decades of putting development first? Yes, maybe. Acting on China's initiative, environmental ministers from Asian and European countries, including Japan's Yoriko Kawaguchi, will get together in Beijing later this week. It will be the first meeting of environmental chiefs of the Asia-Europe Meeting -- a fledging cooperation forum of 25 countries from the two regions -- although ASEM has convened meetings of top leaders and of foreign, economic and financial ministers. The Beijing conference will focus on cooperation between Asia and Europe on a wide range of environmental issues, including global warming, ahead of the World Summit on Sustainable Development, which is scheduled to be held in Johannesburg from late August through early September. "We welcome the initiative China took to convene the ASEM environmental ministers' meeting," a Japanese government official said, requesting anonymity. "This is proof that China is becoming interested in international cooperation in the fight against environmental problems." But the question remains: How far will the world's most populous and increasingly ascendant global economic power be willing to go in addressing environmental concerns, especially global warming, when the price may be the slowing of the pace of its development? China, which relies heavily on coal for energy, is by far the largest producer of carbon dioxide, a major greenhouse gas blamed for the global warming, in the developing world. After the United States, China is the second largest carbon-dioxide emitter in the entire world, followed by Russia and Japan. The U.S. and China alone account for more than one-third of all carbon dioxide emissions around the globe. At the third conference of parties to the 1992 United Nations Framework Convention on Climate Change, or COP3, in Kyoto in December 1997, signatory countries adopted a protocol imposing legally binding requirements for industrialized countries alone to cut their greenhouse gas emissions. The convention was signed at the Earth Summit in Rio de Janeiro in 1992. At COP7 in Marrakech, Morocco, in November, the convention signatory countries worked out specific rules for implementing the Kyoto Protocol, paving the way for industrialized countries to ratify the document. Japan and the 15-nation European Union will ratify the Kyoto Protocol before the World Summit on Sustainable Development in Johannesburg, despite the United States' refusal to ratify the protocol under the administration of President George W. Bush. The Bush administration has claimed that the Kyoto Protocol is fatally "flawed" because it would hurt the U.S. economy and also because it inequitably imposes no greenhouse gas-reduction obligations on developing countries such as China. Although Japan has decided to ratify the Kyoto Protocol during a 150-day ordinary Diet session convening Monday, it still hopes the U.S. will ratify the protocol soon. At COP7, Japan went so far as to propose beginning discussions at COP8 this autumn about possible greenhouse-gas reduction targets for developing countries, in hopes of paving the way for the U.S to join other industrialized countries in ratifying the Kyoto Protocol. But the proposal was adamantly rejected by most developing countries, which insist that the industrialized world is primarily to blame for the global warming. "We hope that China will become willing to participate in efforts to cut back on emissions of carbon dioxide and other greenhouse gases," another Japanese government official said, asking for anonymity. "If the leading country in the developing world does so, it will encourage other developing countries to follow suit." The Japan Times: Jan. 14, 2002
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