Ex-post evaluation of the Kyoto Protocol : Four key lessons for the 2015 Paris Agreement

17 May 2014 - Climate Report

Signed in 1997, following the 1992 United Nations Framework Convention on Climate Change (UNFCCC), the Kyoto Protocol (KP) is the first international tool focused on greenhouse gas (GHG) mitigation involving as many countries : in its final configuration, thirty six developed countries committed to reduce their emissions by 4% between 1990 and 2008-2012 – the first commitment period (CP1). In April 2014, the data from the CP1 was officially published. This report thus presents the first comprehensive ex-post analysis of the first period of the KP.

Based on the results of this report, it is possible to draw four key lessons from the Kyoto experience for the establishment of a new global agreement that is expected to be signed in Paris in 2015 :

1. Expanding the coverage : striking a balance between overall environmental integrity and flexibility for specific circumstances
2. Removing the virtual specter of internationally legally binding commitments and limiting the focus on methods of compliance
3. Focusing on MRV processes
4. Providing flexibility in the agreement and its adoption process

Ex-post evaluation of the Kyoto Protocol : Four key lessons for the 2015 Paris Agreement pdf
To learn more
  • 04/23/2020 Blog post
    Non-Financial Reporting by companies and Scenario Analysis: be cautions with Standardization

    A few months ago, the European Commission launched a consultation on the revision of the Non-Financial Reporting Directive. The issue at stake is to strengthen the obligation for 6,000 large companies to communicate publicly on how they deal with major societal issues, such as climate change and low-carbon transition. For Romain Hubert of I4CE, reporting must be strengthened in particular on the scenario analyses that companies conduct to identify the risks and opportunities of the transition. But what exactly should they communicate?

  • 07/12/2021 Blog post
    The Next Step for Financial Institutions: Aligning the entire Financial Chain

    A core goal of the Paris Agreement is “make finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.” Since 2015, financial institutions of all types – from development banks to asset owners and pension funds – have committed to making their portfolios ‘consistent’ with the Paris Agreement. In practice, Financial Institutions are at times approaching alignment from different points of entry: either focusing on one hand “what” or on the other hand “who” is financed.

  • 04/18/2014
    The EU ETS’ market stability reserve: a marginal long-term structural reform

    Upsurge in volumes and fall in prices: Nearly 1.1 billion EUA’s were traded, i.e +23%, whereas the average EUA spot price fell by 6% in March 2014. 2030 climate and energy package: The EU Council will take stock of progress made at its next meeting in June 2014, based on consultations with Member States. International […]

See all publications
Press contact Amélie FRITZ Head of Communication and press relations Email
Subscribe to our mailing list :
I register !
Subscribe to our newsletter
Once a week, receive all the information on climate economics
I register !