I suspect that the Kyoto limits on CO2 will be about as enforceable as the EU's rigid debt limits on member nations. France and Germany have been in violation every year, and nothing happens.
The same will befall Kyoto, the first time a member nation faces the choice of domestic recession or excess carbon dioxide, with or without "pollution credits."
These stupid pacts are simply bureaucratic rituals, "full of sound and fury, signifying nothing."
We were right as rain to stay out, and Russia will soon rue the day they bit on this frogbait. They are counting on selling lots of unused credits, for big money, but wait until their fragile economy surpasses the 1990 level of industrialization. They'll be gone, guaranteed.
What would happen if they just said that we aren't paying?