Although it is the only international agreement which limits the emissions that cause climate change, the Kyoto Protocol is far from perfect, and contains potential loopholes. Over the years of negotiations, many of these have been closed or restricted, but enough remain to undermine the effectiveness of the agreement if the international community is not vigilant.
The Kyoto trading mechanisms rely on a robust and, ideally,
‘leak-proof’ architecture including national accounting systems and a
system of international controls to ensure that the actual overall
emissions reduction targets are achieved. The Clean Development
Mechanism (CDM) to some extent lies outside this architecture as it
depends on ensuring that projects in developing countries reduce
emissions below a hypothetical baseline, ‘what would have happened
without the project’. Unlike trading and Joint Implementation (JI), it
also permits Annex B Parties (industrialized countries) to increase
their overall allowed emissions because of the ‘credits’ earned from
the reductions in developing countries.
These
problems mean there is an acute need to ensure that project
methodologies for the CDM are watertight and achieve real climate
benefits. Much of the wrangling over the past seven years has been over
maintaining the integrity of this architecture. The result is less than
perfect, but overall provides a solid basis upon which future progress
can be built. Its greatest weakness is the mixing of fossil carbon
emissions and organic carbon stocks, generating credits from so called
‘carbon sinks’, which result in more fossil carbon being introduced
into the biosphere in the name of emissions reductions.
The trouble with 'sinks'
Under
the terms of the Kyoto Protocol certain changes to land use and
forestry activities that can sequester carbon can be counted toward
meeting emissions reduction obligations under the Protocol. The theory
is that if a ton of carbon is stored in a tree (a so called ‘sink’ for
carbon) and hence removed from the atmosphere, then a country would be
allowed to add a ton of carbon to its allowed emissions from burning
fossil fuels.
This whole theory - that creating ‘sinks’ in
forests, plants and soils, whereby carbon dioxide is taken out of the
climate system to offset higher fossil fuel emissions - is quite
wrong. Unfortunately, carbon stored in trees is not permanently
removed from the atmosphere and there is a high probability that the
ton of carbon counted as stored in the tree will find its way back into
the atmosphere eventually. The result of this is that the burden of
reducing emissions is simply shifted to future generations.
The
main point, however, is that the use of sinks must not divert any
political or financial resources away from the primary task: reducing
emissions from the burning of fossil fuels. Really, sinks do not even
“buy us time”, as some have argued. If the industrialized
countries do not achieve major emission reductions in the near term, we
may lose our ability to avoid dangerous climate change, by anyone’s
definition.
The goal of the Kyoto Protocol is to reduce
emissions, not to create mechanisms for avoiding reductions. Therefore,
Greenpeace seeks to minimize the use of sinks in the Protocol as much
as possible, and we note that a number of countries have already
pledged they will not take advantage of this loophole at all.
We
all need to work together in order to keep our governments
honest. There is always pressure from the fossil fuel industry to
"take the easy way out" by reducing emissions on paper only.
While this might work well for the fossil fuel industry's short-term
profits, it would spell disaster in the longer run. Find our how
you can help on our
Take Action page.
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