Application of Kyoto Mechanisms to the Northeast Asian Electricity Grid

Since the U.S. Bush administration took its position against the Kyoto Protocol, growing concerns for the facts behind and security of the United Nations Framework Convention on Climate Change (UNFCCC) have appeared on the horizon. However, this pessimistic mood will not stay long, once the global community pays attention to what the intention of the U.S. is. The U.S. never refused the Climate Change Convention (UNFCCC), but the Kyoto Protocol, which implies binding commitment of the developed nations, so-called countries listed in Annex I list of the Convention.