From the Wall Street Journal last week:
For the second straight year, Europe's emissions of six greenhouse gases, such as carbon dioxide, have risen. Most of the 15 nations are falling farther behind in their efforts to cut emissions and meet their combined Kyoto commitment to reduce emissions 8% below 1990 levels by the end of the decade. Based on current trends, the European Environment Agency predicts emissions will come down only by 4.7% by the time the targets become binding from 2008 to 2012.
I guess Bush was right. The Kyoto agreement goals are unrealistic, provide no environmental benefits, and are economically destructive to industrial nations.