Iraq Does Kyoto

Here.

Excerpt:

So what explains Iraq's rather unusual exercise of national sovereignty given its present circumstances? Follow the money. Iraq will not have to do much of anything under Kyoto, but it may be eligible for funding under Kyoto's Clean Development Mechanism (CDM). This arrangement allows developed countries to invest in emission-reducing projects in developing countries as an alternative to what is generally considered more costly emission reductions in their own.

So there may be method in the Iraqis' seeming madness.