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Second commitment period of the Kyoto Protocol provides continuity - but at a high price
The conference agreed on a second commitment period of the Kyoto Protocol from 2013 to 2020 with quantified emission reduction commitments for Australia, Belarus, the EU and its member states, Kazakhstan, Monaco, Norway, Switzerland and Ukraine. This second commitment period is a very important step for continuity, particularly for the accounting system that has established over the years - and the clean development mechanism. However, the second commitment period will have a very limited impact on emissions by 2020:
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The participation of countries with emission reduction commitments is small.
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The reduction commitments are less ambitious than needed, but a process is foreseen that the countries increase their ambition by 2014.
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Allowances not used in the first commitment period can be carried over to the next commitment period where they replace actual emission reduction efforts. Countries will be able to use carried-over units to comply with their targets in the second commitment period and will be allowed to trade up to 2% of these. A number of countries - Australia, the EU, Japan, Liechtenstein, Monaco, Norway and Switzerland - have signed a declaration that they will not purchase these units.
Continued climate financing – small steps to build trust
Climate financing is a necessary condition to implement the conditional pledges. While it is agreed that 100bln US$ per year should be mobilised by 2020, the path towards it is unclear. New pledges were made by members of the EU, but other countries have not come forward with concrete numbers. The Doha decisions reinforce the need for a long-term plan for climate finance. It remains uncertain whether it will be sufficient in scale.
Ad-hoc Durban Platform on a slow start to raise ambition
The Ad-hoc Durban Platform discussed raising the ambition level of action before 2020, a prerequisite to still meet the 2°C limit. It has taken its first steps to be able to tackle the issue next year with new submissions, a series of workshops and a technical paper to be discussed in September 2013. However, after one year of negotiations the ADP has not yet taken operational decisions to increase the ambition. The risk is high that the more it waits, the less options are still open to really close the gap.
Updates on pledges
Pledges of all major economies remained unchanged. Many had expected the host, Qatar, or some of its neighbours to come forward with a pledge, but this did not happen. Only a few countries made new pledges for emission reductions by 2020 or modified their pledge: Monaco
- announced its unconditional target of reducing emissions by 30% below 1990 levels by 2020, which is ambitious.
Ukraine
- submitted a proposed target for the second commitment period, which is in line with their pledge to reduce emissions by 20% below 1990 by 2020. Current emissions are around 60%