We are now on an emissions path that could lead to warming of 4oC or more. In addition, impacts associated with even 2oC of warming have been revised upwards and are now considered “dangerous” and “extremely dangerous”. A world beyond 2o will threaten the very existence of civilization as we know it. The urgency and importance of this matter cannot be overemphasized.
This paper outlines key issues under discussion at the WG-KP 18th session. Carbon Market Watch provides recommendations in particular on the following issues:
- Increasing ambition and closing loopholes
- Carry- over of assigned amount units (AAUs)
- Eligibility issues relating to CP2
- Review of the clean development mechanism (cdm)