This document is addressed to Article 6 negotiators and Heads of Delegations at COP25. It presents a proposal of a detailed and structured text to address the issues described in the briefing “Empty targets? How to avoid the trading of hot air under the Paris Agreement”.
Key numbers from the proposal:
● The potential supply of available CERs for emission reductions taking place until 2020: 4 billion
● Supply of unused ERUs: 220 million
● Supply of AAUs generated during the first commitment period of the Kyoto Protocol: 14.1 billion
● Estimated supply or AAUs which could be generated under a second commitment period of the Kyoto protocol (taking into account the effect of the Doha amendment): 1.7 billion
● The estimated amount of hot air in current NDCs: 18.7 – 28.3 GtCO2e
In recognition that climate change is a common concern of humankind, the Paris Agreement calls for Parties to “respect, promote, and consider their respective obligations on human rights, the right to health, the rights of indigenous peoples, local communities, migrants, children, persons with
disabilities, and people in vulnerable situations and the right to development, as well as gender equality, empowerment of women, and intergenerational equity.” The Paris Agreement also emphasizes that adaptation action should be gender-responsive and follow country-driven, participatory, and transparent approaches.