As we look closely at the current state of the negotiations, the LCA text released over the weekend falls short of the advances we need on both clarification and accounting. Without more progress this week the environmental integrity of the regime will decay if not disappear altogether.
ECO 9, COP 17, English version
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Just in time for the arrival of ministers, we have removed the fuzziness from our loopholes chart. Current loopholes could easily negate all Annex 1 pledges and in the worst case leave plenty of left-overs to nibble on during a third commitment period. A couple key examples will suffice.
FLEXIBLE ON FACTS
INFLEXIBLE ON KYOTO
The legal options discussion has come up with at least one that ECO approves. Option 1 decides to develop a Protocol or other legally binding instrument under the Convention based on the Bali Action Plan and the Cancun Agreements, with negotiations starting in 2012 and in place by 2015. Excellent!