ABSTRACT
During 2005 the UNFCCC regime had been reinvigorated by inter alia the agreement in principle to extend the terms of the Kyoto Protocol beyond 2012 and launch a dialogue on long-term cooperation to tackle climate change. In general, the EU and its allies were of the opinion that the GEF should be in charge, so as to ensure minimization of transaction costs and complementarity with the SCCF and LDCF. The initial review of the Kyoto Protocol did take place in Nairobi, as demanded by Article 9, but was conducted in a rather perfunctory manner as no preparations had been made for it in advance. Unlike COP/MOP-1 in Montreal, the Nairobi COP did not result in any major breakthroughs. 'Despite its rather timid language', the Bali Action Plan was 'a real achievement in real-world politics'. Yet, the EU and other parties proved unable to counter the relative power and determination of the US, allowing it to substantially weaken the AWG-LCA process.
