PLEA Network

17 December 2019, Renew Economy, Why the battle over ‘Kyoto carryover’ is such a big deal for the climate? As delegates from the COP25 UN climate talks make their way home, many will be considering how it could be possible to resolve one of the core sticking points for negotiators could be resolved in time for the next round of talks in Glasgow. Much of the battles between negotiators in Madrid focused on the issue of surplus emissions permits leftover from the Kyoto protocol. As the global climate governance is set to transition from the constrained Kyoto Protocol into the all encompassing Paris Agreement, a small group of countries, including Australia, China, India the United States and Brazil, fought to protect their favourable position, created under the Kyoto Protocol through soft targets and convenient accounting loopholes. Australia neither succeeded in securing agreement at the UN talks to allow for surplus Kyoto-era units to be carried over into the Paris Agreement nor was Australia prevented from doing so. In failing to reach an agreement in Madrid, negotiators will reconsider the issue at the next round of talks to be held in Glasgow in late 2020. The level of attention given to the issue, and the resulting frustration expressed by negotiators on both sides, reflects the scale of emissions reductions that could be put as risk if countries conceded to the demands that surplus Kyoto units be carried over into the Paris Agreement. Read more here