G-77 and China Proposal on the Carry-over Rules of Kyoto Surplus Units from the First Commitment Period

The document highlights a massive surplus of 13.1 billion tonnes of CO2 from the first Kyoto commitment period (CP1), far exceeding estimated demand. It notes that weak emissions pledges and lenient offset rules are likely to create an additional 3.6 billion tonne surplus by 2020. In response, the G-77 and China, incorporating views from the African Group, AOSIS, and Brazil, proposed restrictions on the use of CP1 Assigned Amount Unit (AAU) surpluses in the second commitment period (CP2).

• The surplus from the first Kyoto commitment period (2008-2012) is estimated at 13.1 billion tonnes of CO2, which is over three magnitudes higher than the estimated demand of 11.5 million tonnes. Russia, Ukraine, and Poland are the largest holders of this surplus.
• Developed countries are projected to accumulate a further surplus of 3.6 billion tonnes of CO2 by 2020 due to weak emissions reduction pledges and lenient rules regarding the use of offsets.
• Following negotiations in Durban (December 2011), Bonn (May 2012), and Bangkok (August 2012), the G-77 and China presented a joint proposal, via Brazil, to significantly restrict the use of CP1 AAU surplus in the second commitment period (CP2).

APA

Carbon Market Watch (2012). G-77 and China Proposal on the Carry-over Rules of Kyoto Surplus Units from the First Commitment Period. https://carbonmarketwatch.org/publications/policy-brief-g-77-and-china-proposal-on-the-carry-over-rules-of-kyoto-surplus-units-from-the-first-commitment-period/

Chicago

Carbon Market Watch. G-77 and China Proposal on the Carry-over Rules of Kyoto Surplus Units from the First Commitment Period. 2012. https://carbonmarketwatch.org/publications/policy-brief-g-77-and-china-proposal-on-the-carry-over-rules-of-kyoto-surplus-units-from-the-first-commitment-period/.

Wikipedia

{{cite report |author=Carbon Market Watch |title=G-77 and China Proposal on the Carry-over Rules of Kyoto Surplus Units from the First Commitment Period |date=25 September 2012 |url=https://carbonmarketwatch.org/publications/policy-brief-g-77-and-china-proposal-on-the-carry-over-rules-of-kyoto-surplus-units-from-the-first-commitment-period/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{carbonmarketwatch2012g77, author = {{Carbon Market Watch}}, title = {{G-77 and China Proposal on the Carry-over Rules of Kyoto Surplus Units from the First Commitment Period}}, institution = {Carbon Market Watch}, year = {2012}, month = sep, url = {https://carbonmarketwatch.org/publications/policy-brief-g-77-and-china-proposal-on-the-carry-over-rules-of-kyoto-surplus-units-from-the-first-commitment-period/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }