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REDD+addresses issues beyond deforestation and forest degradation, also recognizing the role of conservation, sustainable forest management and the enhancement of forest carbon stocks in reducing emissions.
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See, in particular, Sections 3, 5 and 7 below.
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Marks & Hooghe, ibid., classify this as 'Type 2' multi-level governance or polycentricity. See, in particular, Sections 4 and 6 below
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The 'intention' is that Annex I parties will convert their existing Copenhagen pledges into quantified emissions limitation or reduction objectives for the second commitment period under the Kyoto Protocol.
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Some EU Member States have adopted more stringent targets, e.g., the Climate Change Act 2008 (UK), ss. 1 and 5(a), which set a 2020 target of 34% below 1990 levels and a 2050 target of 80% below 1990 levels.
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87
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RGGI Inc, Feb
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New Zealand units can be purchased by foreign entities, but domestic participants cannot use Kyoto units (AAUs) to discharge their obligations: Climate Change Response Act 2002 (New Zealand), ibid., s. 18CB.
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These measures include the Low Carbon Fuel Standard, the lean Car Standard, the Renewable Portfolio Standard, Net Energy Metering, the Californian Solar Initiative, the New Solar Homes Partnership and Emissions Performance Standards
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With a change of government in Victoria to a conservative party, the government has recently backed away from this target. A recent review of the Act recommended that the 20% target should be repealed, which the State Government has supported: Victorian Government, Response to the Recommendations of the Climate Change Act Review, Mar. 2012, at p. 5, available at http://www. climatechange.vic.gov.au-data/assets/pdf-file/0010/136486/CCAREV-Report-online. pdf.
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