The Marrakesh Accords: The value of carbon after COP7

Peake, Stephen (2002). The Marrakesh Accords: The value of carbon after COP7. Refocus, 3(1) pp. 20–23.



Persuading delegates from over 175 countries to agree even a single paragraph of text regularly takes a whole morning. Agreeing around 240 pages of small print for the Kyoto Protocol has taken us just over four years, four and a half COPs, around 50 tachnical inter-governmental workshops, several tens of millions of air miles, and an area of forest the size of which would presumably be visible with the naked eye from the international space station. The seventh session of the Conference of Parties (COP7) to the United Nations Framework Convention on Climate Change (UNFCCC) took place in Marrakesh from the October 29 to November 10 2001. COP7 produced the Marrakesh Accords, the most detailed outline of the rules and procedures for the functioning of the global carbon market yet. Stephen Peake reports on the latest chapter in the Kyoto Saga.

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