Sep 09, 2007 - 12:43pm
The Climate Institute today said reports of the death or expiry of the
Kyoto Protocol in 2012 are misinformed and the Sydney Declaration serves
as a stark reminder that the Kyoto Protocol framework is the only real
framework available for action to reduce global greenhouse pollution.
Institute also singled out Australia and the US’s refusal to ratify and
commit to binding reduction targets in the next phase of the Kyoto
framework post 2012, as the real obstacle to global greenhouse pollution
reduction and the broader involvement of developing countries.
Kyoto framework established real carbon markets worth $37 billion in
2006 and estimated to be worth $55 billion in 2007. Australia and US
proposals for a vague network of voluntary national targets take us back
to the mid 1990s and undermines those burgeoning markets which include
billions of dollars of investment in clean energy technologies in
developing countries,” said John Connor, CEO of The Climate Institute.
2006 the Kyoto framework’s Clean Development Mechanism (CDM) leveraged
at least $32 billion of investment in clean technologies in developing
countries. That has been driven by developed countries working to meet
their 2012 Kyoto binding targets.
“Almost ten years ago, in what
now has to be seen as a triumph of global diplomacy, nations agreed
under the Kyoto Protocol to both an enduring framework and a target for
the first period under the framework which runs from 2008 to 2012. The
first target is for 2012, the framework endures.”
“Kyoto is the
first and only agreement to actually reduce global greenhouse pollution
and its framework of connected binding targets for developed countries
and the CDM for developing countries is the only realistic way forward.
“China, whose historic greenhouse pollution levels are decades
behind those of US and Europe, has joined other developing nations in
calling on developed nations to show leadership and move first with
“Under the Kyoto framework all APEC nations,
except for Australia and US, are now negotiating improvements including
stronger binding pollution reduction targets for developed countries and
better CDM and deforestation rules. Alternative forums can help, but
the sooner Australia and the US re-engage with the international
community under Kyoto the sooner we’ll be on a path to avoid dangerous
“It has also been extraordinary to see much being
made of the recognition that ‘all nations, no matter what their stage
of development, [need] to contribute according to their own capacities
and their own circumstances to reducing greenhouse gases’. This is
precisely consistent with the Kyoto Protocol – remembering that
Australia was one of the few countries with an increased greenhouse
target of 108% on 1990."
While welcoming aims to increase forest
cover in APEC countries by at least 20 million hectares within 13 years,
The Climate Institute restated its earlier analysis of the energy
efficiency target of improving APEC energy efficiency at least 25 per
cent by 2030 as only business as usual and insufficient to reversing
rising greenhouse pollution.
“The climate crisis is too urgent for
a voluntary framework and merely working ‘to achieve a common
understanding on long term aspirational global emission reductions’. Far
greater Australian leadership is required. We need to reverse our own
rising greenhouse pollution, ensure all new electricity comes from clean
energy and commit to binding reduction targets,” concluded Mr Connor.