Beware hot air recommendations for Paris 2015

The document warns that 11 gigatonnes of 'hot air' credits—resulting from overestimated emissions and low-quality projects under the Kyoto Protocol—threaten the ambition of the Paris agreement. It proposes that these credits should not be carried over into the compliance period starting in 2020 and that strict eligibility rules should limit the use of market mechanisms to parties with ambitious reduction goals.

• Approximately 11 billion 'hot air' credits, equivalent to 11 gigatonnes of pollution, have accumulated due to countries submitting low climate pledges and a lack of environmental standards in Kyoto Protocol market mechanisms.
• The excess of credits was caused by countries overestimating their emissions for the first commitment period (2008-2012) and the use of low-quality climate projects that reduced pollution less than the credits they generated.
• To protect the potential for real emission reductions, these excess credits must not be carried over into the Paris agreement's compliance period, which begins in 2020.
• The document recommends implementing strict eligibility rules so that only parties with ambitious reduction goals can utilize market mechanisms, thereby avoiding the repetition of previous mistakes.

APA

Perlman, K. (2015). Beware hot air recommendations for Paris 2015. Carbon Market Watch. https://carbonmarketwatch.org/2015/11/17/beware-hot-air-recommendations-for-paris-2015/

Chicago

Perlman, Kelsey. Beware hot air recommendations for Paris 2015. Carbon Market Watch, 2015. https://carbonmarketwatch.org/2015/11/17/beware-hot-air-recommendations-for-paris-2015/.

Wikipedia

{{cite press release |last1=Perlman |first1=Kelsey |title=Beware hot air recommendations for Paris 2015 |publisher=Carbon Market Watch |date=17 November 2015 |url=https://carbonmarketwatch.org/2015/11/17/beware-hot-air-recommendations-for-paris-2015/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{perlman2015beware, author = {Perlman, Kelsey}, title = {{Beware hot air recommendations for Paris 2015}}, publisher = {Carbon Market Watch}, year = {2015}, month = nov, url = {https://carbonmarketwatch.org/2015/11/17/beware-hot-air-recommendations-for-paris-2015/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }