Japan, Russia and Canada have said they will not agree to an extension as they instead want a new treaty that targets all major emitters. (LINK) Meanwhile Mr Bob Brown and MS Gillard doesn't want to be left behind and so the Brown/Gillard Government is going to lead the pack.
Fred Singer has addressed the Kyoto protocol in the American Thinker:
The 1997 Kyoto Protocol expires in 2012, after surviving 15 years, mostly spent on life support. It reached its peak in Bali in 2007 at the annual UN gabfest, had a sudden unexpected collapse in Copenhagen in 2009, and has been in a coma since.
As Fred says, this was the protocol that brought us such famous household words like "Hockeystick," "Climategate," "Mike's trick" and "hide the decline."
Kyoto had its real beginning at the 1992 Global Climate Summit in Rio de Janeiro. I missed that great party but George Bush the elder went and signed up for the United States. The language of the Global Climate Treaty, the Framework Convention on Climate Change (FCCC), was vague enough to not be completely objectionable -- although we should have known better than to let the camel's nose enter the tent. It has prejudiced the subsequent discussion by focusing only on anthropogenic global warming (AGW).