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CANADA tabled a discussion paper on
principles, modalities, rules and guidelines for an international emissions trading regime
on behalf of Australia, Canada, Iceland, Japan, New Zealand, Norway, Russia and the US.
The tradable unit would be Assigned Amount Units (AAUs). AAUs would be denominated in
"CO2 equivalent" and would express one metric tonne of CO2 equivalent emissions.
Each Annex B Party could issue serialized AAUs from its "assigned amounts." AAUs
would be valid until used to offset emissions for the purposes of contributing to
compliance. |
| The United Kingdom, speaking for The
EU, noted that the scientific knowledge that demonstrates the inadequacy of commitments is
clear. He noted that Article 7 discusses review of "implementation" of the
Convention, not just targets. The US noted that the objectives of the Convention cannot be
achieved simply through Article 4.2(a) or (b). |
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The Swedish Delegation
interprets the text before plenary. |
At a Special Event of the FCCC, Dr.
Catrinus Jepma, of the University of Groningen in Amsterdam, summarized and presented
information on a cooperative implementation workshop that was held in the Netherlands and
was organized by the Joint Implementation Network and ETC-Energy. Specifically, Dr. Jepma
discussed the challenges of credit sharing, trading and banking within Joint
Implementation, the Clean Development Mechanism and Emissions Trading.
 Full presentation available in Real Audio
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Holger Liptow of GTZ (Deutsche
Gesellschaft fur Technische Zusammenarbeit) discusses German co-operation with developing
countries on climate policies in today's CC:Forum. |
Delegates in the CC:Forum listen to
presenters from the Mexican Government, UNFCCC, UNDP, UNEP, CC:Train, CC:Info, and GTZ.
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Jayant Sathaye of the UNFCCC
presents on methods to estimate offsets from land use change and forestry.
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