Home COP 17 Commentary

The 17th Conference of the Parties was held in Durban in December 2011.

The outcome in essence was an agreement to agree, the worlds countries working to a new treaty Kyoto2 by 2015 with binding limits post 2020.

Most commentators see this as positive as it

1. Preserves the CDM as an option

2. CDM projects can still be used in the EUETS

3. It is likely the EU will adopt more stringent pre 2020 targets of 30% reduction compared to the current 20% target

4. Both the Australian and New Zealand Schemes are set to continue