July 21, 2010

New UNFCCC Report on Legal Considerations of a Potential Gap between Commitment Periods

Filed under: climate — Tags: — inece @ 7:08 pm

The Kyoto Protocol’s Clean Development Mechanism (CDM) may end from 2013 unless the world can agree and put into force a new round of carbon emissions targets before then, a U.N. paperindicates.

The paper describes the mechanisms that could create a “gap” between Kyoto Protocol commitment periods and the consequences, noting that, under such a scenario “no new CDM project activities could be validated or registered, emission reductions or removals that occurred after the first commitment period could not be verified, and corresponding CERs could not be issued.”

The paper then explores legal options available to ensure that no gap is created between the first and subsequent commitment periods, including (A) amending the Protocol; (B) provisional application of an amendment to the Kyoto Protocol; and (C) extending the first commitment period.

The paper is available through the UNFCCC web site: http://unfccc.int/resource/docs/2010/awg13/eng/10.pdf.

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