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Paragraph 8 establishes that Annex I Parties may use 1995 as their base year for HFCs, PFCs and SF6, for the purposes of calculating their reduction or limitation targets in accordance to paragraph 7. Paragraph 9 determines that reduction or limitation targets for subsequent commitment periods shall be established through amendments to Annex B in accordance with procedures set out in the protocol to that effect (Article 20, paragraph 7). Article 4, as adopted by COP-3, contains 6 paragraphs setting out the rules for Annex I Parties who have agreed to jointly fulfill their commitments under Article 3. Paragraph 1 states that Annex I Parties shall be deemed to have met their commitments provided that their total combined aggregate anthropogenic carbon dioxide equivalent emissions of GHGs listed in Annex A, do not exceed their assigned amounts calculated pursuant to their QELROs in Annex B. The respective emission level allocated to each of the Parties shall be spelled out in an agreement.

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Delegates indicated that a number of major issues were still in play after the adjournment of the COW. Several delegations suggested they were not yet ready to accept the quantified emission limitation and reduction commitment in the Chair's draft, which put the EU at -8%, the US, Russia, Canada and Ukraine at -5%, Japan at -4.5%, New Zealand at 0, Australia and Norway at +5% and Iceland at +10%, compared to 1990 levels. start to finish (my bad), because as I stated previously, I'm not a fan of " necrophilia" (are there really people into that shit?). I remember an TANZANIA, on behalf of the G-77/CHINA, noted that developing countries are the most vulnerable to climate change and the least able to adapt. He also said that they are committed to modify trends in human-induced emissions through the principle of common but differentiated responsibilities. The delay between production of emissions and their effects requires Annex I countries to take the first steps. Developed countries should be blamed if Kyoto fails. He objected to the proposed "post-Kyoto evolutionary process" and to threats to aid unless developing countries accept it. Dr. Johny Lahure (Luxembourg), on behalf of the EU, rejected differentiation that makes targets weaker. Instead, it must guarantee comparable commitments for major economies at least. Flexibility resulting in environmentally detrimental loopholes is unacceptable. He supported: the "three plus three" gas proposal; trading along with strong targets and domestic action, monitoring, sanctions and market safeguards; and JI with rules and safeguards. He said mandatory, internationally coordinated P&Ms are indispensable. Suggestions that developing countries should take up new commitments are not helpful to the negotiations and contrary to the Berlin Mandate. Mobilizing new and additional resources through the financial mechanism could foster voluntary limitation of developing country GHG emissions. anime released in the 90s that went by the same name ( Slut Cop); I might dig up the VHS and review it. Still, a lot of sound and video drop-offsemissions based on fuel sold to ships or aircraft engaged in international transport should not be included in national totals, but reported separately; and global warming potentials used by Parties should be those provided by the IPCC in its Second Assessment Report (SAR); The final text on Article 12 defines the clean development mechanism (CDM). Its purpose is to assist non-Annex I Parties in achieving sustainable development and contributing to the FCCC objective, and to assist Annex I Parties in achieving QELROs. Non-Annex I Parties will benefit from project activities resulting in certified emission reductions, and Annex I Parties may use the certified reductions "to contribute to compliance with part of their" QELROs, as determined by the MOP. Paragraphs 10 and 11 refer to how reduction units acquired or transferred among Annex I Parties can be applied by such Parties to reach their reduction or limitation targets. Paragraphs 12 refers to acquisition of certified emissions reductions among Parties as a means of meeting QELROs by Annex I Parties. Paragraph 13 allows Annex I Parties to "credit" GHG emissions reduction, below assigned amounts, from one commitment period to the next. Paragraph 14 indicates that Annex I Parties shall strive to implement their commitments under paragraph 1, in such a way as to minimize the adverse social, environmental and economic impacts on developing country Parties, particularly those identified in Article 4, paragraphs 8 and 9 of the Convention. It also establishes that the Meeting of the Parties at its first meeting, shall consider what actions are necessary to minimize the adverse effects of climate change and/or the impact of response measures on developing country Parties. Funding, insurance and transfer of technology are among the issues to be considered for this purpose. The Third Conference of the Parties (COP-3) to the United Nations Framework Convention on Climate Change (FCCC) was held from 1 - 11 December 1997 in Kyoto, Japan. Over 10,000 participants, including representatives from governments, intergovernmental organizations, NGOs and the press, attended the Conference, which included a high-level segment featuring statements from over 125 ministers. Following a week and a half of intense formal and informal negotiations, including a session on the final evening that lasted into the following day, Parties to the FCCC adopted the Kyoto Protocol on 11 December.

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On 3 December, delegates discussed the review of information and possible decisions under Article 4.2(f)(FCCC/CP/1997/L.3). They agreed to the proposal that the Czech Republic and Slovakia replace Czechoslovakia in Annex I and that Croatia be added. Delegates debated at length a proposal by Azerbaijan and Pakistan to delete Turkey from Annex I and Annex II. IRAN, TURKEY and KUWAIT supported the proposal. The EU and AUSTRALIA maintained that Turkey should indicate willingness to undertake Protocol obligations under Article 10 before its deletion from the Annexes. The US suggested continuing consideration of this proposal and other OECD members' relationship to Annex I at COP-4. TURKEY noted that questions remain unanswered on the Protocol's proposed Article 10 and requested that ministers discuss the matter on 10 December. The Chair proposed that Luis Herrera (Venezuela) conduct consultations on these amendments. The issue was not resolved and will be discussed at COP-4.

A BRIEF ANALYSIS OF COP-3

The final meeting of the COW began on Wednesday, 10 December, at approximately 7:00 pm. The meeting was suspended to allow for distribution of the Chair's final draft (FCCC/CP/1997/CRP.6) and further informal consultations. At 1:00 am, delegates began an article-by- article review of the text, discussing the provisions related to QELROs, emissions trading and voluntary non- Annex I commitments at length. Further discussion of differentiation occurred in informal consultations, both in intense bilaterals and under the guidance of Estrada. By the end of the first week, Estrada had reportedly produced a set of differentiated target numbers for Annex I countries. US Vice President Albert Gore Jr. reiterated the US commitment to reduce emissions by 30% of projected levels by 2010 and key elements of the US proposal. He announced increased US flexibility for working towards a commitment with realistic targets and time tables, market mechanisms, and participation of key developing countries.