As is evident from the New York Times graph on the right, many nations are not on track to hit their Kyoto Protocol greenhouse gas emission reduction targets.
There’s a multitude of reasons why nations aren’t hitting them, but we think the weak enforcement for missing targets must be a big part of the reson. This is what happens when a Kyoto nation doesn’t hit its targets
For instance, where the enforcement branch has determined that the emissions of a Party have exceeded its assigned amount, it must declare that that Party is in non-compliance and require the Party to make up the difference between its emissions and its assigned amount during the second commitment period, plus an additional deduction of 30%. In addition, it shall require the Party to submit a compliance action plan and suspend the eligibility of the Party to make transfers under emissions trading until the Party is reinstated.
Perhaps being kept away from swapping emissions is a grand punishment, but to us it seems to lack teeth. Whatever climate pact gets discussed or approved in December must have a better system in place to punish nations that do not hit targets.
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