We are now on an emissions path that could lead to warming of 4^oC or more. In addition, impacts associated with even 2^oC of warming have been revised upwards and are now considered “dangerous” and “extremely dangerous”. A world beyond 2^o will threaten the very existence of civilization as we know it. The urgency and importance of this matter cannot be overemphasized.

This paper outlines key issues under discussion at the WG-KP 18^th session. Carbon Market Watch provides recommendations in particular on the following issues:

1. Increasing ambition and closing loopholes
2. Carry- over of assigned amount units (AAUs)
3. Eligibility issues relating to CP2
4. Review of the clean development mechanism (cdm)