Showing posts with label kyoto. Show all posts
Showing posts with label kyoto. Show all posts

Sunday, April 6, 2008

CLIMATE: Followup to Kyoto Continues











The UN Framework Convention on Climate Change (the group responsible for the Kyoto Protocols) held an Ad Hoc Working Group gathering in Bangkok last week. It was the first session following the December 2007 meetings in Bali (see our January 5, 2008 post for details).

As a followup to the Bali Action Plan from December 2007, at the session this week developing countries, led by China and India, requested the developed world (mainly the US and Europe) pay the bulk of the costs of curbing greenhouse gas emissions. The argument goes: in the process of developing, western countries have contributed the bulk of carbon dioxide emissions to date. Representatives from the developed world balked and talks will resume in June in Bonn. As a side note, China brings another coal-fired power plant online each week!

In a related story, indigenous peoples from Latin America, Congo, and Indonesia, dubbed Forest Peoples, met in Amazonas State, Brazil to demand a seat at the table when the UN discusses greenhouse gas emissions and to discuss compensation (see a New York Times article). This was also a followup to the Bali conference in December 2007.
They want to be compensated for incentive to keep the forests intact. In Brazil, forest people own 12% of the country's land. In Bali it was agreed that deforestation accounts for 20% of carbon dioxide emissions in the world. The cost would be around $530 million a year by the tenth year of the agreement for developing countries. If this ever comes to pass, keeping the money out of the government's hands will also be a neat trick.

Tuesday, January 22, 2008

CLIMATE: Kyoto Protocol Milestone

In a January 5, 2008 post we discussed the most recent step in the United Nation's Conference of the Parties (COP) on climate change in Bali (COP13) and the incremental progress that was made toward replacing the Kyoto Protocol (COP3). (read about an interesting ending to the Bali conference!). The UN's goal is to have stringent emissions reduction targets in place by 2012.

In the interim, the 100 millionth certified emission reduction (CER) credit under the Kyoto Protocol’s Clean Development Mechanism (CDM) has been issued, marking an important environmental, development, and carbon market milestone on the road to a low-carbon future. The Kyoto Protocol began on February 16, 2005 (The US has never ratified the Protocol).

"The CDM has been up and running just two years, but in that short time it has shown its ability to reduce greenhouse gas emissions and stimulate green investment in developing countries," said Yvo de Boer, Executive Secretary of the United Nations.


There are currently more than 860 registered CDM projects in 49 developing countries, and about another 2000 projects in the project registration pipeline. The CDM is expected to generate more than 2.6 billion CERs by the time the first commitment period of the Kyoto Protocol ends in 2012, each equivalent to one tonne of carbon dioxide.

(classic Bacsik)