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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. The text introduced at the 9 December COW meeting included afforestation, reforestation and deforestation as sinks, with provision for further analysis. Also controversial were the issues of emissions trading, the use of sinks/sources and banking credits. Those who questioned the wisdom of such mechanisms recalled the Convention's goal of emission reductions and voiced the fear that such measures would exacerbate the gap between the countries.

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Ryutaro Hashimoto, Prime Minister of Japan, urged developed countries to agree on meaningful, realistic and equitable emissions reduction targets that are legally binding. He called on all Parties, including developing countries, to voluntarily enhance their measures. He noted that regulation could trigger innovation, promote capital investment and give rise to new industry. 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 Maurice Strong, Under-Secretary-General and Executive Coordinator for UN Reform, delivered a statement for UN Secretary-General Kofi Annan. He said many would be disappointed that the Kyoto agreement would be a modest step. ARTICLE 8 (Expert Review of Implementation): Article 8 calls for review by expert review teams of the information submitted under Article 7 by Annex I Parties, as part of an annual compilation and accounting of emissions inventories and assigned amounts and the review of communications. The review teams shall be coordinated by the Secretariat and composed of experts selected from those nominated by the Parties to the Convention and intergovernmental organizations, as appropriate. The review process shall provide a comprehensive technical assessment of all aspects of implementation of the Protocol, and the teams shall prepare a report for the MOP assessing the implementation and identifying any potential problems in the fulfillment of commitments. The Secretariat shall circulate the reports and list questions of implementation for further consideration by the MOP. The MOP shall: adopt at its first session, and review periodically, guidelines for the review; with the assistance of SBI and, as appropriate, SBSTA, consider the Parties' information, the expert review reports, the questions listed by the Secretariat, and any questions raised by Parties; and take decisions on any matter required for the implementation of the Protocol.AGBM-5, which met in Geneva from 9-18 December 1996, considered proposals from 14 Parties or groups of Parties regarding strengthening of commitments, advancing the implementation of Article 4.1, and possible elements of a protocol or another legal instrument. Delegates adopted conclusions that requested the Secretariat to produce a "framework compilation" of proposals for further consideration. The US favored a target based on all GHGs, sources and sinks, flexibility, and meaningful participation of key developing countries. She offered flexibility on limited, carefully bounded differentiation and proposed a working group to examine differentiation, including the Russian proposal. She noted concerns regarding the EU proposal for restrictions on emissions trading, the EU's target in light of its economic advantage under their bubble proposal, the breadth of differentiation implied, and EU Member State accountability. She favored different targets for developing countries, such as emissions growth targets. Developing countries that assume voluntary commitments under the proposed Article 10 could gain new resources and technology through emissions trading. Under Kuwait's proposed amendment, Parties would provide financial resources, including the transfer of technology, to the extent that the COP decides they are needed by the developing country Parties. KUWAIT said the developing countries can only lower emissions through technology, but resources made available to date have been inadequate. The EU, supported by the US and JAPAN, said donors should not place their resources in the hands of the COP. SAUDI ARABIA said the amendment came in reaction to the EU proposal, which upsets the Convention's "delicate balance." Sergio Selaya Bonilla (Honduras) conducted consultations on the EU's proposal and Bakary Kante (Senegal) on Kuwait's proposal throughout the week. The EU proposal was later withdrawn. The Kuwait proposal was not accepted.

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The resumed eighth session of the Ad Hoc Group on the Berlin Mandate (AGBM-8) met informally on 30 November 1997 to discuss the treatment of GHG sinks, and then in Plenary to conclude discussions on the AGBM report to COP-3. Delegates agreed that informal consultations on sinks would continue through COP-3. Article 3, as adopted by COP-3, contains 14 paragraphs on QELROs and refers to Annexes A and B. Annex A lists six greenhouse gases (CO2, CH4, N2O, HFCs, PFCs and SF6) to which reduction or limitation targets should apply and includes GHG source categories and sectors such as fuel combustion, industrial processes, solvent and other product use, agriculture and waste. Annex B lists quantified emission limitation or reduction commitments for Annex I Parties, which range from an 8% decrease to a 10% increase of GHG emissions from 1990 levels to be reached in a period between 2008 and 2012. The EU countries are to reduce GHG emissions from 1990 levels by 8%, the US by 7%, Japan by 6%, while countries like Australia and Iceland are allowed increases by 8% and 10%, respectively. The Russian Federation is to maintain its emissions at 1990 levels. The overall reduction target of Annex B amounts to 5.2%. continuing transfers and acquisitions of ERUs while questions of implementation are resolved, should they arise, provided that units are not used by a Party to meet commitments under Article 3 until any issue of compliance is resolved. TUVALU indicated a mathematical inconsistency between Article 3.1, stating an aggregate 6% reduction, and the sum of the figures in Annex B, which represents only a 5.2% reduction. He noted that negotiations had been undertaken on the basis of the text in Article 3.1 of the draft Protocol. The Chair pointed out his earlier statement that 6% was only an estimate based on the options under discussion, and that the selection of particular options would affect the numbers. The figure was corrected in the final version of Article 3.1.

dubbing (she wasn't specific on the titles); though now she was using outside online talent (oh well ... there goes THAT fantasy). Interesting.

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AGBM Chair Ral Estrada Oyuela (Argentina) noted that there were many unresolved issues regarding QELROs and delegates must decide at some point the number of gases to be included in the protocol. He proposed that delegates work from the presumption that the protocol would cover six gases: carbon dioxide (CO2), nitrous oxide (N2O), methane (CH4), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs) and sulphur hexafluoride (SF6). Parties agreed that Brazil's proposal to relate Parties' emissions targets to their contributions to climate change (FCCC/AGBM/1997/MISC.1/Add.3) be given to SBSTA to review scientific and methodological aspects, and to advise COP-4 on future activities. BRAZIL noted the proposal's political element: that future objectives be established in terms of global mean surface temperature change, as a mechanism for apportioning the burden. The up and coming rapper had drawn comparisons to XXXTentacion – who died in 2018 – due to his style and appearance. Coverage: The negotiating group on 3 December discussed a "three-plus-three" gas coverage proposal, which would divide six gases into two baskets. The first basket (CO2, CH4 and N2O) would be subject to QELROs immediately, while proposals for formulating QELROs for the second basket (HFCs, PFCs and SF6) would be debated at COP-4. At a 4 December COW meeting, Estrada said that an option listing gases separately was still open. In the COP Plenary on 5 December, two alternatives regarding coverage were under consideration: immediate regulation of six gases or the three-plus-three approach. The PHILIPPINES, supported by the MARSHALL ISLANDS, FRANCE, UGANDA, SAUDI ARABIA, TRINIDAD and TOBAGO, the EU and the NETHERLANDS, proposed deletion of a paragraph stating that certified emissions reductions from 2000 to the beginning of the first commitment period can be used to achieve compliance during that commitment period. FRANCE said COP-4 should consider the paragraph. RUSSIA, COSTA RICA, HUIRAN identified obstacles facing developing countries seeking transfers of technology at their own expense due to restrictions imposed by developed countries. He said shifting responsibility for transfers to the private sector contradicts the spirit of Agenda 21. FCCC Executive Secretary Michael Zammit Cutajar noted that, at an estimated 10,000 attendants, COP-3 surpassed all records for participation in a meeting on climate change. He stressed that the focus of the Conference should be its end product. He noted that in a recent exchange of views with a group of business people, one of them had suggested that there should be "no fudge" in the Kyoto agreement. The first meeting of the COW convened on 1 December. The COW established three negotiating groups on: institutions and mechanisms; advancing the implementation of FCCC Article 4.1 and the financial mechanism; and P&Ms. COW Chair Ral Estrada Oyuela conducted negotiations on QELROs. In addition, a number of informal groups considered other issues.

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Developed countries expressed varied approaches. Members of the EU stressed their group position and detailed their individual commitments and efforts. Others partially agreed to this but said that developing countries needed to make voluntary commitments and at least begin the "sequencing of obligations." A process through which a review of commitments by all Parties could be carried out was also raised. Provisions on QELROs commitments and baselines for Annex I Parties undergoing the process of transition to a market economy appear under paragraphs 5 and 6. LUXEMBOURG, on behalf of the EU, reiterated its position favoring: a 15% cut in emissions by developed countries, jointly or individually, by 2010; specific P&Ms; and consideration of new commitments for developing countries under FCCC Article 7.1(a) in the future. The RUSSIAN FEDERATION reiterated its proposal that each Annex I country consolidate its emissions into aggregate "carbon dioxide equivalents" with the obligations of each Annex I country set out in an attachment and determined according to an annex. Final COW Discussion: At 6:30 pm on 10 December, Estrada informed the COW of the results of informal discussions. The collective emissions reduction target for Annex I countries had been increased from 5% to 6%, but these deeper commitments were conditional on the adoption of criteria in other areas yet to be finalized, which included: emissions trading; voluntary commitments; Annex I country commitments; JI; advancing implementation of developing country commitments; the financial mechanism; the Clean Development Mechanism; compliance; entry into force; and Annex B on the distribution of commitments for Annex I countries. He predicted that if agreement were reached, 10 December 1997 might be remembered as the "day of the atmosphere," and suspended the meeting again.

Article 11 describes financial resources, noting that Parties shall take into account FCCC Articles 4.4-4.9 in implementing Protocol Article 10. It states that Annex II Parties' shall, in accordance with FCCC Articles 4.3 and 11, and through the FCCC financial mechanism: provide new and additional financial resources to meet agreed full costs incurred by developing country Parties in advancing commitments in Protocol paragraph 10(a); and also provide financial resources needed by developing country Parties to meet full incremental costs of activities in Article 10, including technology transfer. Implementation of existing commitments shall take into account the need for adequacy and predictability in the flow of funds. The article also permits provision of financial resources through bilateral, regional and other multilateral channels.