Andrey Denisov, Russian Permanent Representative to the UN and Kofi Annan, UN
I am very glad to announce that today I received the Russian Federation’s instrument of
ratification for the 1997 Kyoto Protocol to the United Nations Framework Convention on Climate Change.
I congratulate President Putin and the Russian Federation for their leadership in making it possible for the
Protocol to enter into force – as it will, 90 days from tomorrow, on 16 February 2005.
This is a historic step forward in the world’s efforts to combat a truly global threat. Most
important, it ends a long period of uncertainty. Those countries that have ratified the Protocol, and
which have been trying to reduce emissions of greenhouse gases even before its entry into force, now have a
legally binding obligation to do so.
Businesses that have been exploring the realm of green technology now have a strong signal about the market
viability of their products and services. And the financial community and insurance industry, which
have been trying to “put a price” on the risks associated with climate change, now have a
stronger basis for their decision-making on incentives and corporate performance.
All countries must now do their utmost to combat climate change and to keep it from undermining our efforts
to achieve the Millennium Development Goals. I therefore take this opportunity to urge those
developed countries that have not ratified the Protocol to ratify it and limit their emissions.
The Parties to the Climate Change Convention will have their next major meeting in Buenos Aires from 6 to
17 December. I hope they will use that occasion to seize the promising possibilities that have been
opened up by this major development.
Statement attributable to the Secretary-General upon receiving Russian Federation ratification
18 November 2004