Kyoto Protocol rules allow countries to carry over any unused (ie. surplus) Assigned Amount Units (AAUs) into the next commitment period. A number of countries, such as Russia, Ukraine and Poland, have very large surpluses of AAUs. By the end of 2012, up to 13 billion AAUs, could be carried over into the Kyoto Protocols second commitment period. This is almost three times the annual emissions of the European Union or more than twice those of the United States.
Flex Mechs Working Group
The CAN Flexible Mechanisms Group coordinates advocacy and policy work around carbon markets. The group’s main focus is to strengthen the environmental and social integrity of both offsetting and cap-and-trade schemes. In the international climate policy process the group has made submissions to the UNFCCC on all three Kyoto trading mechanisms as well as the two trading mechanisms currently discussed under the Convention (Framework for Various Approaches and New Market Mechanism). The group also exchanges information on regional and national carbon markets and helps national NGOs in developing their policy positions.
After being energised by the magnificent rhythms and colours of Brazilian samba, ECO realised that there was something strangely missing from the official negotiation agenda: energy. Right now there are no public meetings on the energy paragraphs, and nothing is scheduled for the remainder of the conference. How can this be?
See page 12 of pdf for today's ECO.
Achieving sustainable development entails making progress on the three integrated strands of the social, the environmental and the economic. Climate change and its impacts touch on all the three strands – causing environmental damage and degradation; increasing social vulnerability, and exacerbating economic instability.
Both developed and developing countries often complain that the EU will not answer their legitimate questions, such as "What is the EU position on carrying forward AAU surpluses?" and "As a so-called leader, why does the EU not move to at least a 30 percent domestic target, having already achieved around 17% reductions on 1990 levels?"
ECO received so many requests for C.B. in its first classified advert yesterday that it thought more readers might be interested in what other globe-trotting readers had to offer. We think there is something for almost everyone below, and encourage more submissions.