Nov 23, 2012 - 11:08am
The Government’s decision to give in-principle support for a new international obligation under the Kyoto Protocol will help bolster international efforts to secure a new legally binding agreement to cover all major emitters by 2015. A second round of targets under Kyoto is a critical lever to achieving a new legally binding agreement that covers all major emitters.
Building on this positive announcement at the next UN climate summit that starts in Doha next week, Australia needs to:
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- Include the full bipartisan-supported 2020 target range in the Kyoto Protocol; and
- Define a credible, flexible and interim QELRO Kyoto 2 commitment that takes advantage of the “Kyoto Bonus” from rule changes and over-achievement of generous first target.