Statement by CCAP and CDM Watch on the G77 proposal to address AAU surplus

CCAP and CDM Watch support the G77 proposal to cancel 13Gt of AAU surplus by the end of the second commitment period (CP2) in 2017 or 2020. While the proposal allows for the carryover of AAUs for domestic compliance, it prohibits their trading. The organizations further welcome the proposal's aim to prevent a new surplus after 2012 by cancelling the difference between CP2 targets and actual 2012 emissions if emissions are lower than the target, which may require some EU Member State targets to be strengthened.

• The G77 proposal is viewed positively because it involves the cancellation of 13Gt of AAU surplus at the conclusion of the second commitment period (CP2), which will occur in either 2017 or 2020.
• Under the proposal, AAUs can be carried over for domestic compliance if emissions exceed the assigned amount for the period, but trading of these carried-over units is not permitted.
• The proposal seeks to prevent the creation of a new surplus after 2012 by cancelling the difference between the CP2 target and actual 2012 emissions if emissions are lower than the target, potentially necessitating stronger targets for some EU Member States.

APA

CMW (2012). Statement by CCAP and CDM Watch on the G77 proposal to address AAU surplus. Carbon Market Watch. https://carbonmarketwatch.org/2012/09/05/statement-by-ccap-and-cdm-watch-on-the-g77-proposal-to-address-aau-surplus/

Chicago

CMW. Statement by CCAP and CDM Watch on the G77 proposal to address AAU surplus. Carbon Market Watch, 2012. https://carbonmarketwatch.org/2012/09/05/statement-by-ccap-and-cdm-watch-on-the-g77-proposal-to-address-aau-surplus/.

Wikipedia

{{cite press release |last1=CMW |title=Statement by CCAP and CDM Watch on the G77 proposal to address AAU surplus |publisher=Carbon Market Watch |date=5 September 2012 |url=https://carbonmarketwatch.org/2012/09/05/statement-by-ccap-and-cdm-watch-on-the-g77-proposal-to-address-aau-surplus/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{cmw2012statement, author = {CMW}, title = {{Statement by CCAP and CDM Watch on the G77 proposal to address AAU surplus}}, publisher = {Carbon Market Watch}, year = {2012}, month = sep, url = {https://carbonmarketwatch.org/2012/09/05/statement-by-ccap-and-cdm-watch-on-the-g77-proposal-to-address-aau-surplus/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }