ABSTRACT

Following on from the 2000 ECCP Report, the Commission brought forward in October 2001 a package of three broad initiatives to tackle climate change, comprising a proposal to ratify the Kyoto Protocol, a proposal to establish an emissions trading scheme. Closing with compliance, Marrakech saw extended controversy over whether there should be a binding link between compliance and eligibility to participate in the flexibility mechanisms. Even though the Marrakech Accords largely fulfilled the BAPA, the Protocol's environmental integrity had nevertheless been further compromised, as according to projections it would lead to emission reductions of only about 2.2 per cent. As parties arrived in New Delhi to attend COP-8, it was clear from the outset that focus had shifted from 'negotiation to implementation'. Following COP-8 a number of important developments took place, such as the political agreement reached in December 2002 to establish an emissions trading scheme within the EU.