1. WRI Moderator: Christiana Figueres, Center for Sustainable Development in the Americas (CSDA) Speakers 1.Kevin Baumert, WRI 2.Harald Winkler, EDRC 3.Yong-Gun Kim, Korea Environment Institute 4.Osvaldo Girardin, Fundacion Bariloche 5.Odile Blanchard, IEPE Climate of Trust Options for Protecting the Climate Beyond Kyoto Eighth Conference of the Parties to the UNFCCC 28 October 2002, New Delhi

2. WRI Kevin A. Baumert (kbaumert@wri.org) Climate, Energy, and Pollution Program World Resources Institute http://www.wri.org Climate of Trust: Overview & Introduction COP 8, New Delhi 28 October 2002 WRI

3. WRI Overview About the Climate of Trust Purpose of Research Contents: “Building on the Kyoto Protocol: Options for Protecting the Climate” Climate Protection Architecture (Chapter 1)

4. WRI Climate of Trust

5. WRI Research Explore different approaches to promoting North- South cooperation on climate change –Examine existing proposals and new ideas –Examine pros and cons of different options Purpose –Explain, Examine, Investigate –No “winner” –Help prepare civil society and governments for the coming debate over future commitment periods

6. WRI Building on the Kyoto Protocol: Options for Protecting the Climate 2. Continuing Kyoto: Emission Caps in DCs? 3. Sustainable Development Policies and Measures 5. Dual-Intensity Targets: Reducing Uncertainty 7. The Brazilian Proposal on Relative Responsibility 8. Equal Per Capita Entitlements 10. Conclusion: Building and Effective and Fair Climate Protection Architecture 1. Introduction: An Architecture for Climate Protection 4. Evolving to a Sector-Based CDM 9. Differentiated Commitment Scenarios: Quantitative Analysis 6. Learning from the Argentine Voluntary Commitment

7. WRI Designing a Climate Protection Architecture: What are the Possible Elements and Options? 1. 1.Legal Nature of Commitments - -Binding - -Non-Binding - -Mixture 2. 2.Type of GHG Limitation Commitment - -Tax - -PAMs (e.g., harmonized PAMs; SD-PAMs) - -Targets (e.g., fixed, dynamic, dual) 3. 3.Approach to Differentiating Commitments - -Pledge-based (e.g., Kyoto-style) - -Principle-based (e.g., Brazilian Proposal, equal per capita) 4. 4.Timing and Triggers - -By existing or new Annex 5. 5.Coverage and Scope of Actions -Different gases and/or sectors

8. WRI Designing a Climate Protection Architecture: What are the Possible Elements and Options? Continued… 6. 6.Market-Based Mechanisms - -Int’l emissions trading - -CDM - -Sector-CDM 7. 7.Financial and Technology Commitments - -Funding for adaptation/impacts compensation - -Funding for clean energy development 8. 8.Accountability Mechanisms - -Measurement, reporting, and review of commitments - -Compliance system 9. 9.Overall Environmental Objective - -UNFCCC Article 2 - -More specific (e.g., keep 450 CO 2 eq. option open)

9. WRI Kevin A. Baumert (kbaumert@wri.org) Climate, Energy, and Pollution Program World Resources Institute http://www.wri.org Climate of Trust: Introduction & Overview COP 8, New Delhi 28 October 2002