Glossary - UNFCCC and the Kyoto Protocol - nrg4SD

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Voluntary commitments - A draft article considered during the negotiation of the Kyoto Protocol that would have permitted developingcountries to voluntarily adhere to legally binding emissions targets. The proposed language was dropped in the final phase of thenegotiations. The issue remains important for some delegations and may be discussed at upcoming sessions of the Conference of the Parties.Vulnerability - The degree to which a system is susceptible to, or unable to cope with, adverse effects of climate change, including climatevariability and extremes. Vulnerability is a function of the character, magnitude, and rate of climate variation to which a system is exposed, itssensitivity, and its adaptive capacity.AcronymsAG13 Ad hoc Group on Article13AWG-KP Ad hoc Working Groupon further commitments forAnnex I Parties under the KyotoProtocolAWG-LCA Ad hoc WorkingGroup on Long-termCooperative Action under theConventionAOSIS Alliance of Small IslandStatesBINGO Business and IndustryNGOsCACAM Central Asia, Caucasusand Moldova countriesDescriptionA subsidiary body (committee) created by the 1 st Conference of the Parties COP1 to explore how to helpgovernments overcome difficulties experienced in meeting their commitments under the Climate ChangeConvention (1995-1998).Established by Parties to the Protocol in Montreal (2005) to consider further commitments of industrialisedcountries under the Kyoto Protocol for the period beyond 2012.Established in Bali in 2007 to conduct negotiations on a strengthened international deal on climate change, set to beconcluded in Copenhagen in 2009. Now extended until end 2011.A coalition of small island and low-lying coastal countries that share similar development challenges and concernsabout the environment, especially their vulnerability to the adverse effects of global climate change.One of the nine constituencies recognised by the nine Major Groups which were established by Agenda 21.A group of countries that share similar challenges concerning climate change.4
CER Certified EmissionReductionA type of emissions unit or carbon credits issued by the Clean Development Mechanism.CDM Clean DevelopmentMechanismCOP Conference of the PartiesCOW Committee of the WholeCMP Conference of the Partiesserving as the Meeting of thePartiesDNA Designated NationalAuthorityA market-based mechanism under the Kyoto Protocol through which developed countries may finance greenhousegasemission reduction or removal projects in developing countries, and receive credits for doing so which they mayapply towards meeting mandatory limits on their own emissions.The Convention’s supreme body. It currently meets once a year to review the Convention's progress. The word‘conference’ is not used here in the sense of ‘meeting’ but rather of ‘association,’ which explains the seeminglyredundant expression ‘fourth session of the Conference of the Parties.’Often created by a COP to aid in negotiating text. It consists of the same membership as the COP. When theCommittee has finished its work, it turns the text over to the COP, which finalises and then adopts the text during aplenary session.The Convention’s supreme body is the COP, which serves as the meeting of the Parties to the Kyoto Protocol. Thesessions of the COP and the CMP are held during the same period to reduce costs and improve coordinationbetween the Convention and the Protocol.The body granted responsibility by a Party to authorise and approve participation in CDM projects.ENGO Environmental NGO One of the nine constituencies recognised by the nine Major Groups which were established by Agenda 21.EU ETSEuropean Union EmissionsTrading SystemEUA European Union AllowanceITL International TransactionLogJI Joint implementationA cornerstone of the EU's policy to combat climate change and its key tool for reducing industrial greenhouse gasemissions cost-effectively. Being the first and biggest international scheme for the trading of greenhouse gasemission allowances, it covers some 11,000 power stations and industrial plants in 30 countries.These are carbon credits used in the EU ETS, which are issued by EU Member States into Member State Registryaccounts. By April 30 of each year, operators of installations covered by the EU ETS must surrender an EU Allowancefor each ton of CO 2 emitted in the previous year.The ITL verifies transactions proposed by registries to ensure they are consistent with rules agreed under the KyotoProtocol.A mechanism under the Kyoto Protocol where a developed country can receive "emissions reduction units" when it5
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Glossary - UNFCCC and the Kyoto Protocol - nrg4SD

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