The Kyoto objectives were supposed to be met in eight months. There was no intention of reducing the GHG emissions by 6% based on the 1990 baseline by 2012, but to meet that objective over a five-year period, between 2008 to 2012. The target is averaged over a five-year period. We have five years to reduce GHG emissions by an average of 6% compared to the 1990 baseline. We may not meet that objectives as of 2008. If we don't meet the target in the first two or three years, then we will be have to catch up in the following years in order to meet the average that has been established.
On May 17th, 2007. See this statement in context.