Carmen Bunzl - Universidad Pontificia Comillas

Chapter 2. Options for future climate change architectures 122
Suggestions on the process of international negotiations are also made: the
initiation of a dialogue among major economies and attempts to link
approaches.
The report does not specify the elements presented. This may be an
illustrative example of how difficult it may be to get an agreement among a
small group of stakeholders on a future approach.
4.5 Sao Paulo Proposal of the BASIC Project
The BASIC Project is a capacity strengthening project – funded by the
European Commission – that operates in Brazil, India, China and South Africa.
The Sao Paulo Proposal (SPP) is an outcome of this project whose purpose is to
discuss future climate policy issues, it is not a consensus document.
The Proposal establishes a long-term (indefinite) regime whose performance
is assessed every 5 years against agreed climate and development goals.
Annual commitments for 2013-2018 would be negotiated by Annex I Parties,
but they would choose the form of the commitment. Each year, Annex I Parties
commitments are extended by one year (in 2013, the 2019 annual commitment is
set); they become more stringent if compliance has been relatively easy.
Non-Annex I Parties can choose between: participating in the CDM as
present, reporting the emission reductions achieved by implementing their SD
PAMs (but with no possibility of credits), or adopting a no-lose target (Section
2.1.1.3) which can generate credits.
Each non-Annex I Party is allocated a share of a global limit on CDM
transfers based on a formula that reflects its population and the principles of
responsibility, capacity and opportunity; allocations are adjusted at five years
intervals. When a non-Annex I country reaches its limit on CDM transfers, or
this limit drops to zero, it is expected to become an Annex I Party.
Some other elements of the Sao Paulo Proposal are listed below:
Escuela Técnica Superior de Ingeniería ICAI Carmen Bunzl Boulet Junio 2008