The International Challenge of Climate Change: UK Leadership

5,33

MB

in the G8 & EU

318

stron

2359

ID

Environmental Audit Committee

2005

rok

Contents

Report Page

Conclusions and recommendations 3

Introduction 8

Climate Change and emissions forecasts 9

The impacts of global warming 9

Emissions forecasts 12

The EU Emissions Trading System 14

The concept of emissions trading 14

Phase 1 allocations and targets 15

Windfall profits for power generators 17

‘Business-as-usual’ and the UK NAP 17

Extending Phase 2 to include other sectors and gases 19

Aviation 20

Wider issues 21

The UNFCCC and the Kyoto Protocol 22

The impact of the Protocol 22

Kyoto trading 26

The Clean Development Mechanism 27

A post-2012 framework 28

The need for complementary action 28

The second commitment period 29

International competitiveness and per capita emissions 30

Contraction and Convergence 32

UK Government objectives for 2005 33

Departmental objectives and the EU 33

International priorities 35

Formal minutes 38

Witnesses 39

List of written evidence 41

Past reports from the Environmental Audit Committee since 1997 42