UNFCCC Releases Paper on Quantified Economy-wide Emission Reduction Targets
23 August 2012: The UNFCCC Secretariat has released a technical paper, titled "Quantified economy-wide emission reduction targets by developed parties to the Convention: assumptions, conditions, commonalities and differences in approaches and comparison of the level of emission reduction efforts" (FCCC/TP/2012/5).
The paper presents an overview of the quantified economy-wide emission reduction targets to be implemented by developed countries, as well as assumptions and conditions related to individual targets and associated assumptions and conditions related to the ambition of the pledges. It also features sections on: commonalities and differences of approaches to measure progress towards the achievement of economy-wide emission reduction targets; and the comparison of the emission reduction efforts.
The annex to the paper contains background information based on the 2012 greenhouse gas (GHG) inventories submitted by Annex I Parties and information on the emission reductions associated with the developed parties' targets, as well as related metrics. Additionally, the annex includes illustrations that evidence how different metrics affect the comparability of mitigation efforts.
The paper updates information contained in documents FCCC/TP/2011/1 and its updated version and FCCC/TP/2012/2. It is based on parties' submissions and contributions to the workshops on assumptions and conditions related to the attainment of quantified economy-wide emission reduction targets by developed countries held in Bangkok, Thailand, on 3 April 2011, and in Bonn, Germany, on 9 June 2011 and 17 May 2012.
The paper was prepared as requested by Decision 1/CP.16 of the 16th session of the Conference of the Parties (COP 16) with the aim of facilitating understanding of the assumptions and conditions related to the attainment of parties' emission reduction targets and a comparison of the level of emission reduction efforts. [Publication: Technical Paper on Quantified Economy-wide Emission Reduction Targets by Developed Parties to the Convention]