Environment Counts | Final agreement at Durban
The European Union’s emission-cutting commitments will become part of the next phase (2013-2017) of the legally-binding Kyoto Protocol. Talks on a new legal deal involving all countries will begin in 2012, be completed by 2015 and take effect in by 2020. A fund for climate-related aid to poor countries has been agreed to. A new standard for measuring emissions resulting from deforestation (Reducing Emissions from Deforestation and forest Degradation or REDD) has been agreed to.
Outcome of the work of the Ad Hoc Working Group on Further Commitments for Annex I Parties under the Kyoto Protocol at its sixteenth session
Emphasizing the role of the Kyoto Protocol in the mitigation effort by Parties included in Annex I, the importance of ensuring continuity in mitigation action by those Parties and the need to begin the second commitment period of the Kyoto Protocol without delay,
Aiming to ensure that aggregate emissions of greenhouse gases by Parties included in Annex I are reduced by at least 25-40 per cent below 1990 levels by 2020, noting in this regard relevance of the review referred to in Chapter V of decision 1/CP.16 to be concluded by 2015,
Taking note of the outcomes of the technical assessment of forest management reference levels referred to in paragraph 5 of decision 2/CMP.6,
1. Decides that the second commitment period under the Kyoto Protocol shall begin on 1 January 2013 and end on 31 December 2017;