Bloomberg News

Canceling AAUs Threatens Kyoto Deal Enforcement, Russia Says

December 07, 2012

Oleg Shamonov, Russia’s chief climate negotiator, speaks about the nation’s surplus Assigned Amount Units under the 1997 Kyoto Protocol. He commented to reporters Dec. 5 at Doha climate talks after the nation’s official press conference.

Russia’s emissions were 1.6 billion metric tons of carbon dioxide equivalent in 2010, about half its yearly quota under the Kyoto Protocol of 3.2 billion tons, according to data published this month on the website of the United Nations Convention on Climate Change in Bonn.

On what should happen with the nation’s AAU surplus:

“It’s not for Russia to discuss. It’s a question for the world, for the negotiating process to discuss how to deal. The first step is we have to stick to the legal provisions of the legal instrument and then we decide what we are going to do.”

On implications for countries in the protocol:

“You remember those who are in compliance. They are incentivized. They can add.”

People “forget about something: that it has a very direct relevance to the compliance regime and it would be only playing into the hands of those who are not in compliance. So you are now actually focusing on Russia as a bad guy for getting that way and at the same time you will be doing actually a tremendous disservice to those who are not compliant because if the carryover right now is canceled then the entire system of incentives and enforcement would evaporate.”

To contact the reporter on this story: Mathew Carr in London at m.carr@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus