COP18 Climate Change Conference Conclusions: New Commitment Period Under The Kyoto Protocol

The COP18 Climate Change Conference took place from 26 November to 7 December 2012 in Doha, Qatar. One of the key outcomes during the conference, agreed by the EU, Australia, Norway and several others, was the continuation of the Kyoto Protocol, which is set to begin in January 2013 until 2020. This new commitment is among the main successes of the Conference. However, lot of work still need to be done with major states such as the US, Japan, Russia and Canada outside of the scope of the agreement. The Kyoto Protocol is the only existing and binding agreement which developed countries commit to cutting greenhouse gases

The State Of The European Carbon Market In 2012

The European Commission published on November 14, 2012 a Report The state of the European carbon market in 2012, which aims to analyze the functioning of the carbon market and to consider whether or not further appropriate structural measures to strengthen the Emissions Trading System in phase 3 is needed.