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Unformatted text preview: ns to the fund on an annual basis, and these reports will be reviewed by the CMP. Compliance Procedure Compliance Compliance Committee made up of two branches: Facilitative Branch Enforcement Branch Both of which are composed of 10 members The Facilitative Branch aims to provide advice and assistance to Parties in order to promote compliance, whereas the Enforcement Branch has the power to apply certain consequences, or penalties, on Parties not meeting their commitments Cont… Cont… Compliance Procedure In the case of non­compliance with emissions targets, Annex I Parties are granted 100 days after the completion of the expert review of their final emission inventory for the commitment period to make up any shortfall in compliance (e.g. by acquiring AAUs, CERs, ERUs or RMUs). If at the end of this period, a Party has still missed its emissions target, it must make up the difference in the second commitment period, plus a penalty of 30 per cent. It will also be barred from ‘selling’ under emissions trading and, within three months, it must develop a compliance action plan detailing the action it will take to make sure that its target is met in the second commitment period. In all cases The Enforcement Branch would make a public declaration that the Party is in non­compliance and would also make public the consequences to be applied. Post 2012 Legal Architecture and Challenges Convention ­ aims to bring developed country GHG emissions back to 1990 levels toward stabilisation of concentrations Kyoto ­ aims to reduce overall developed country emissions by about 5% below 1990 levels over ‘first commitment period’ 2008­2012 Kyoto anticipates ‘subsequent’ commitment periods, but does not specify duration or goal 26 UNFCCC UNFCCC Bali Action Plan [adopted by CoP­13] ‘A comprehensive process to enable the full, effective and sustained implementation of the Convention through long term cooperative action, now, up to and beyond 2012, in order to reach an agreed outcome and adopt a decision at its fifteenth session….’ AWC­LCA Option: CoP Decisions Kyoto Protocol Art. 3.9­Amendment of the Protocol for next commitment period Seven years: AWG­KP Options: Amendment New Protocol under the Convention Copenhagen: 2009 Copenhagen: 2009 Kyoto Protocol Bali Action Plan Cancun Agreements (Adaptation) Adaptation Framework Established a process to formulate and implement national adaptation plans (NAPS) Established an Adaptation Committee Loss and Damage Work Programme Cancun Agreements (Finance) Cancun First Start Finance: USD 30 billion for the period 2010–2012 May 2011, 2012 and 2013, information on the resources provided Long Term Finance: USD100 billion per year by 2020 Decides to establish a Green Climate Fund, Transitional Committee Board of 24 members An independent secretariat a Standing Committee Cancun Agreements (Technology) Cancun Established a Technology Mechanism A Technology Executive Committee A Climate Technology Centre and Network Durban Decisions CMP­7­ Agreed for Second Commitment Period ADP­Another Legal Instruments or Agreement with legal force LCA to Conclude at COP 18 Doha Climate Gateway Doha Amendments of KP­ including second commitment period of 8 years Japan, Canada, New­Zealand, Russia 15 percent global emissions AWG­KP terminated AWG­LCA terminated Loss and damage...
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