Many nations have recognized the need to reduce the emissions of greenhouse gases (GHGs). The scientific assessments of climate change of the Intergovernmental Panel on Climate Change (IPCC) support the need to reduce GHG emissions. The 1997 Kyoto Protocol to the 1992 Convention on Climate Change (UNTS 30822) has now been signed by more than 65 countries, although that Protocol has not yet entered into force. Some 14 of the industrialized countries listed in the Protocol face reductions in carbon dioxide emissions of more than 10% compared to projected 1997 carbon dioxide emissions (Najam & Page 1998).