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Towards targets

Towards targets. Kristian Tangen and Henrik Hasselknippe A post-2012 Architecture Bonn June 12 2003. Towards targets. Targets and trading are important Attempt to use as many elements as possible from UNFCCC and KP Negotiations of several treaties Fewer negotiation parties

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Towards targets

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  1. Towards targets Kristian Tangen and Henrik Hasselknippe A post-2012 Architecture Bonn June 12 2003

  2. Towards targets • Targets and trading are important • Attempt to use as many elements as possible from UNFCCC and KP • Negotiations of several treaties • Fewer negotiation parties • Fewer trade-offs • Less incentives for taking on targets • Challenge: create multi-treaty system with incentives for taking on targets • Possible solution: linking rights and duties

  3. Linking Treaties UNFCCC/KP/CDM Other treaties -Tech Treaties Reporting Treaty Trading Treaty Support Treaty

  4. Reporting Treaty • Rights • Participate in future negotiations • Gateway to the two other treaties • Duties • Comply with reporting requirements • Reporting requirements • Level of reporting requirements depends on developing level • E.g. countries below graduation threshold only have to report CO2 from energy

  5. Below graduation threshold Duties Compliance with Reporting Treaty Rights Participation Capacity building Financial support Adaptation fund Above graduation threshold Duties Compliance with Trading Treaty Rights Participation Support Treaty

  6. Trading Treaty • Duties • Have to take on real and comply with reduction targets for parts or the whole economy • Rights • Full participation in emissions trading • Participation in the negotiation of the Trading Treaty • Can be a party to Support Treaty

  7. Targets • To be set by negotiations between parties to the Trading Treaty • Possibility, one of many • Targets set as reduction from BAU • BAU have to be approved by review team • Lower target for newcomers • Example • Newcomers: 0% from BAU • Veterans: -2% p.a. from BAU • With various levels in between?

  8. CDM • Lives its own life, regardless of ratification • Issuance of CERs will continue even if KP fails • Clear procedures for the future development • No need for new procedures • Incentive for taking on targets • Countries above graduation level cannot host CDM-projects

  9. Policy recommendations, short-term • Start processes that could lead to the drafted strucutures • Keep the processes out of the UNFCCC (in the short term) • Two main processes • Trading Treaty: Countries with ambitious targets should meet and discuss linking and future evolution • Tech Treaties: Interested countries should meet and discuss cooperation • Sensible strategies also in the event that KP does not enter into force

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