Permanent Representation of Denmark to the EU Policy Event: The Kyoto surplus of emission permits size, impact, solutions

October 10, Presentations and Debate 18.00 to 19.30

Rue d’Arlon 73/ Aarlenstraat 73, B-1040 Bruxelles

An event kindly hosted by The Permanent Representation of Denmark and The Danish Ministry of Climate, Energy and Building

The surplus emission permits from the first Kyoto commitment period (2008-2012) is estimated to be 13.1 billion tonnes of CO2, a new study shows. Even without this surplus, countries will likely accumulate a surplus of 3.6 billion tonnes of CO2 by 2020 because of weak emissions reduction pledges for the second commitment period.

A solution must be agreed in the November UNFCCC negotiations in Doha (COP-18). If not, the existing rule that allows full carry-over will apply by default. At the UNFCCC negotiations in Bangkok in August 2012, the G-77 and China presented a proposal to effectively contain and minimize the use of these surpluses.

If the EU wants to be taken seriously when it claims that environmental integrity is a key condition for participating in a second commitment period under the Kyoto Protocol it needs to commit to a position consistent with this requirement. An EU position on how to address the surplus issue must be agreed on by the next Environmental Minister’s Council on October 25, 2012.

  • This event presents the findings of the new Point Carbon study on the Kyoto surplus and an analysis of the G-77 proposal, followed by a plenary discussion.
  • Drinks and Snacks will be served.
  • Please RSVP at eventregistration@cdm-watch.org. To attend the event pre-registration and ID card are necessary. Registration deadline is Monday, 8. Oct 2012, COB CET.

Agenda

18.00 Welcome by Rebekka Falk, Climate Attaché – Permanent Representation of Denmark to the European Union
18.10 Understanding the Kyoto surplus issue: Introduction and Update
Anja Kollmuss, CDM Watch
18.20 Carry-over of AAU surplus: Future implications for the climate regime
Andreas Arvanitakis, Point Carbon
18.45 G-77 proposal: how would it work and what are the impacts on the surplus
Johannes Gütschow, Potsdam Institute for Climate Impact Research (PIK)
19.10 – 19.30 Q & A and Plenary Discussion