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EU Member States fail to agree on eliminating 13 billion Kyoto surplus, squander opportunity for real climate action
EU Environment Ministers failed to reach a consensus in Luxembourg on addressing the 13 billion tonne surplus of emission reduction permits from the first Kyoto commitment period. CDM Watch argues that this failure, driven largely by Poland's insistence on the unrestricted use of its surplus, weakens the EU's position for the Doha climate negotiations and threatens the environmental integrity of a second commitment period. The document highlights that the surplus, often termed "hot air," does not represent real emission reductions, as countries like Poland, Russia, and Ukraine had emissions levels well below their targets at the time of the Kyoto Protocol's adoption.
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Document type: Statement