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Global Climate Change Agreement
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Governments committed to working towards a universal climate change agreement by 2015, applicable to all countries and effective from 2020.
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Amendment of the Kyoto Protocol
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The Kyoto Protocol, the sole existing and binding agreement where developed nations commit to quantitative greenhouse gas reductions, was amended to ensure seamless continuity.
- An 8-year second commitment period began on January 1st, 2013.
- The Kyoto Protocol’s Market Mechanisms – Clean Development Mechanism (CDM), Joint Implementation (JI), and International Emissions Trading (IET) – were extended.
- Access to these mechanisms remained uninterrupted for all developed countries with targets for the second commitment period.
- The measurement, reporting, and verification (MRV) framework for developed countries were enhanced with the adoption of common tabular format tables for biennial reports, strengthening transparency and accountability.
- Parties included in Annex I with second commitment period targets could carry over surplus assigned amount units (AAUs) without limit, but restrictions were imposed on their use and quantitative limits on acquisition from other Parties.
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Completion of new infrastructure
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In Doha, progress was made in finalizing new infrastructure to channel technology and finance to developing nations, moving towards its full implementation and support.
- Songdo, Republic of South Korea, became the host of the Green Climate Fund (GCF) and the work plan of the Standing Committee on Finance.
- A UNEP-led consortium was designated as the host of the Climate Technology Center (CTC) for an initial five-year term.
- The CTC, along with its associated Network, serves as the implementing arm of the UNFCCC Technology Mechanism. The constitution of the Climate Technology Center Network (CTCN) Advisory Board was also agreed upon by governments.
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