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Monday, 10 December 2012

Kyoto Protocol extended

On the last day of the Doha climate change conference, Saturday December 8, the Kyoto Protocol was amended to continue as of 1 January 2013 with a second period of another 8 years.
Countries have agreed to review their emission reduction commitments at the latest by 2014, with a view to increasing their respective levels of ambition.
Developed countries have reiterated their commitment to deliver on promises to continue long- term climate finance support to developing nations, with a view to mobilizing 100 billion USD both for adaptation and mitigation by 2020. Germany, the UK, France, Denmark, Sweden and the EU Commission announced concrete finance pledges in Doha for the period up to 2015, totaling approximately 6 billion USD.
Also, a timetable for the adoption of  an universal climate agreement by 2015, and the completion of new institutions and ways to deliver scaled-up climate finance and technology to developing countries was agreed
The last-minute adoption of the protocol has been attributed to a reversal of Poland’s stance regarding excess carbon credits, which is shared by Russia, Belarus, Kazakhstan, and Ukraine. A huddle of European Union delegates followed. Also, a number of EU countries and Australia appear to have forgotten to submit their paperwork. Qatar itself may have been instrumental in brokering the deal.
The next major UN Climate Change Conference - COP19/ CMP9 - will take place in Warsaw, Poland, at the end of 2013.


Source: Clean Technica, UNEP