Posted by
Average Voter on Friday, June 06, 2008 10:56:27 AM
The fifth meeting of the
enforcement branch of the compliance comittee regarding the Kyoto treaty is set to meet from June 14th-16th in Bonn, Germany. The nations of Canada and Greece are in trouble because they have been found in non-compliance, and will no longer be able to be apart of the special Kyoto club.
Here is what they say about Canada:
6) The following consequences apply to a Party for non-compliance with registry requirements:
a. Declared to be in non-compliance;
b. Required to submit a plan to address its non-compliance in 3 months (see para. 5);
c. Not eligible to participate in the market mechanisms (Article 17, Emissions Trading;
Article 12, Clean Development Mechanism; and Article 6, Joint Implementation).
•
This means that such a Party cannot sell and transfer credits, and cannot acquire any
credits.
It also said in the statement that if they don't make up their shortfall of emmission reductions by 2012, they will have to reduce their current shortfall plus another 30% to be let back into the club! Man, are they mean or what?!