Monday, December 6, 2010

What climate deal may be agreed in Cancun?





Countries in talks at Mexico's Cancun beach resort are split over how to toughen existing pledges to cut carbon emissions, made at last year's Copenhagen summit which ended in a brief, non-binding agreement.

Issues that hinge on a deal on emissions include long-term climate aid for developing countries and payments to tropical nations to protect their forests.

Following are areas of possible agreement at the November 29-December 10 talks:

* Extending the Kyoto Protocol

- Decide whether to continue the protocol, as favored by developing countries. Its first round of targets ends in 2012

- Decide on the length of commitment period of the next round of targets, for example whether to 2017 or 2020

- Decide whether to cancel surplus, tradable emissions credits owned by countries that are well below their 2008-2012 Kyoto targets. Credits are called assigned amount units (AAUs) * Emissions targets

- Decide new national targets either under the 1997 Kyoto Protocol or the 1992 U.N. climate convention, or both

- Some industrialized countries do not like Kyoto, as so far it has only controlled the emissions of developed countries. A way out may be to note new targets in an appendix to Kyoto and the convention

- Refer to a long-term goal, for example to limit warming to less than 2 degrees Celsius (3.6 degrees F)

- Mention the widely held scientific view that emissions targets pledged so far are too weak

- Review in 2013-2015 whether targets need strengthening * Measurement

- Also called measurement, reporting and verification (MRV)

- Agree to measure developed country emissions, for example annually, and also their contribution to climate aid funds

- Agree to measure developing countries greenhouse gases and their actions to slow emissions growth, perhaps every two to four years

- Agree common accounting standards, for example on measuring carbon emissions from forests * Protecting rainforests

Read More

http://www.reuters.com/article/idUSTRE6B60GH20101207

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