While ECO has not yet given up on countries strengthening their national emission reduction targets, there is another simple step that will have a substantial impact. Up to 13 billion tonnes of impact in fact. And ECO knows that the negotiators are well aware of the fact that strong new rules to eliminate the gigantic surplus of emission permits from the Kyoto Protocol's first commitment period will make a real difference. As our dear readers may have noticed, it’s a subject very dear to ECO’s heart. We have been active in naming and shaming Poland, Ukraine and Russia for fighting for the rights to sell their hot air. We have called out the EU for losing its way on the road to progress and on leadership.
Floating In Hot Air
Yet it is not just these countries that are standing in the way of bursting the hot air bubble.
STOP THE PRESSES! It seems that the talks have birthed their latest (non)-negotiating group. Yes, ECO has been hearing rumours that there is a group of Kyoto members, including Australia, Norway and Iceland, forming around a non-position on the carry-over of surplus emissions. It seems they even got a name—if not a position—called the “Fence-Sitters Group.” Perhaps sitting on the fence is a comfortable place to be, when you are surrounded by other countries’ hot air?
ECO knows that any surplus AAUs from these countries are not the real reason for concern, yet the Fence-Sitters have the power to do something positive. Get down off that fence and take the lead. Fence-Sitters, you have a series of options that can make a difference – go with the G77 position or check out the Switzerland proposal and take your pick. The world needs to hear from you, and ECO is all ears!
Because what it comes down to is a choice between win-win, where these Parties can move the talks forward and get more emission reductions, or lose-lose by putting the talks at risk and missing out on the chance of strengthening the KPCP2.
Of course they should not forget that there is another way they can make the KPCP2 more effective - these Parties could always up the ambition of their QELROs...