If Canada really intends to do this we have a huge job ahead. Perhaps we don't though. Remember this is the government that allowed a promise to get rid of the GST to be believed by Sheila Copps - and the public - prior to an election. Their intent all along was just to change the name and hide it again. In the end they did not even do that in all provinces.
I agree with Duane.
Reportedly, a European diplomat at the Earth summit in Johannesburg last fall said that "an international committee will determine whether countries have met their objectives. If a country does not meet its target, there are no fines or sanctions, but it will become a sort of pariah under the protocol, excluded from buying and selling emissions credits on the world market and from getting credit for green projects in developing countries.
The Europeans argue Canada should not get credits for exporting clean energy unless it is also given debits for exporting dirty energy, such as coal and oil." (National Post Thu 05 Sep 2002)
On the other hand, Natural Resources Minister Herb Dhaliwal insisted that "We have to make sure that we can deliver on the Kyoto Protocol. There's no use in signing an agreement unless you can deliver on it and we're committed to having a plan which is realistic and has the right balance between government participation and industry participation and the consumers as well."
I think its a pretty safe bet that we in fact won't deliver.