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The following report describes the discussions held in the resumed AGBM-8, the COP-3 Plenary, the High-Level Segment and the COW, and includes an article-by-article description of the Kyoto Protocol. 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. COP President Hiroshi Ohki (Japan) reported substantial progress at the intensive discussions in Kyoto and expressed confidence about a breakthrough for final agreement.

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The text introduced at the 9 December COW meeting included afforestation, reforestation and deforestation as sinks, with provision for further analysis. Hiroshi Ohki (Japan) was then elected President of COP-3. He said COP-3's most important task was to establish a more concrete international framework for protecting the global climate. He stressed the need to discuss steps to be taken after Kyoto to implement the protocol and said not all climate change problems could be solved in Kyoto. Late Halloween we were all pretty drunk and high after the party. The big rivalry game is on Saturday and since Halloween was the Thursday before we were all really pumped for the game. A few days earlier some students from our rival university had unleashed a prank on our campus. Now the prank they pulled was pretty harmless and only did some minor damage to the statue of our university mascot, but nonetheless it hit us pretty hard. While I normally wouldn't participate in pranks, in the condition I was in I was up for anything as evidenced by my earlier actions that evening. I found myself with a group of my girlfriend's friends sneaking onto our rival's campus in the middle of the night. Their plan was to cover the mascot statue in bird seed and unleash a bunch of pigeons on top of it. Everything was going well until campus police showed up. We all began to run, but since I was wearing heels I wasn't as steady on my footing and fell on the wet grass. Now so far I had done nothing that my parents were particularly angry about and they even thought all of it was pretty funny. What happened next, however, is what angered them. BRAZIL said the question is: what are man-made activities for which credits should be given to increase emissions? He compared the 6 gigatonnes (Gt) of carbon emitted from fossil fuels and 1 Gt from land-use change to natural uptake of 2 Gt by oceans and 2 Gt on continental surfaces. Given deep economic limitations and the inclusion of all countries, if all forests were considered managed this would grant a license for 30 percent more emissions. Because the FCCC includes an obligation to conserve and maintain sinks and reservoirs, he suggested a separate article to restate the obligation on all Parties to sustainably manage their sinks. The G-77/CHINA objected to the definition of "defined amount" and supported Alternative C, which called for QELROs within time frames such as 2005, 2010 and 2020. CHINA objected to the omission of crucial elements of targets and timetables.FCCC Executive Secretary Michael Zammit Cutajar commented on the remarkable nature of the Conference given the media interest and the scale of the UN Internet broadcast, which have focused world attention on Kyoto. He said the Zen practice of breaking through mental boundaries provided a good theme for the days ahead when negotiators would have to break through the tendency to consider the short-term costs while neglecting the long-term economic opportunities. 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 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 President noted that the ratification status report (FCCC/CP/1997/INF.2), indicating that 167 States and the EU had become Parties, showed nearly universal recognition of the importance of climate change issues. On adoption of rules of procedure (FCCC/CP/1997/5), he noted a draft decision suggesting that the COP adopt all rules except rule 22, paragraph 1, on election of the Bureau, and rule 42, paragraph 1, on voting in the absence of consensus, applying those rules until agreement is reached.

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emissions resulting from multilateral operations pursuant to the UN Charter shall be reported separately. Upon adjourning, the Chair said that the rapporteur should summarize the day's session for COP-3, noting that he had planned to add conclusions to the AGBM report but no conclusions had been reached. ARTICLE 3 (QELROs and Sinks): The article on quantitative emission limitation and reduction objectives (QELROs) was discussed in a negotiating group chaired by COW Chair Estrada throughout the first week, as well as during COW sessions on 4, 5, 6, 9 and 10 December, the last session concluding on 11 December. Jos Mara Figueres Olsen, President of Costa Rica, said the Kyoto agreement must include significant cuts in emissions by industrialized countries, a financial mechanism bridging developed and developing countries, and active voluntary participation by the developing nations. He noted that Costa Rica has developed a marketable instrument to value emissions reductions. He called on developing countries to do their part.AGBM-6 met from 3-7 March 1997 in Bonn. Delegates met in "non-groups" to exchange views and "streamlined" the framework compilation text by merging or eliminating some overlapping provisions within the myriad of proposals. This brought the process one step, albeit a small one, closer to fulfilling its mandate. Much of the discussion centered on a proposal from the EU for a 15% cut in a "basket" of greenhouse gases by the year 2010 compared to 1990 levels. Other proposals emerged in the eleventh hour, signaling that AGBM-6, despite the hopes of many observers, had yet to foster much progress on several fundamental points. On Agenda Item 2, organizational matters, a Committee of the Whole (COW) was established to take decisions on the Berlin Mandate, with Ral Estrada Oyuela elected as Chair.