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Explore the current state of global participation in addressing climate change, including the good news of the Kyoto Protocol's implementation and ratification, as well as the challenges of rising emissions and lack of participation from major countries like the US. Discover how political leadership, trade measures, emissions trading schemes, and re-oriented finance flows can encourage greater participation and progress. Learn about the importance of raising public awareness and supporting industries that benefit from sustainable policies.
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The good news Kyoto in force and ratified by over 120 countries Ratifying Annex 1 countries required to meet binding emissions reduction targets Other ratifiers required to develop domestic mitigation strategies Second commitment period targets can begin to be discussed EU emissions trading scheme
The Bad News Emissions and concentrations still rising US not on board Russian hot air Rapid increases in emissions in some non-Annex 1 countries Even EU not on linear path to meet Kyoto target from domestic reductions
The EU Political leadership must continue Essential to lead by example Accession countries provide example of economies in transition within burden sharing agreement First mover advantage Prevent carbon migration - introduce protective trade measures for most affected industries
The US (and Australia) Commercial emissions trading schemes in states will provide bottom-up pressure on Federal Governments Isolation through extension of EU trading amongst other ratifiers Trade sanctions to prevent free-riding
Rapidly Developing Countries Growing awareness and willingness to take action Without US participation and deep cuts in OECD countries legally binding targets improbable Voluntary relative targets for second period? Voluntary internalisation of price of carbon? Re-orientation of international finance flows to enable step change in energy technologies
Least Developed Countries No justification for targets Also benefit from re-oriented finance flows Adaptation most pressing issue
The Other Participation Challenge EU leadership will need to be supported Many silent voices e.g. renewables and energy efficiency industry financial and services industry benefiting from new policies Communicating issue to general public essential Participation can be part of awareness raising