Carbon Market Watch released a policy brief that examines the Doha decisions. The brief is available here: Carbon Market Watch policy brief. Carbon Market Watch was launched in November 2012 to provide an independent perspective on carbon market developments and is based in Brussels, Belgium.
The Doha compromise has two main elements related to surpluses from the first and second commitment period.
- It does not limit the carry-over of surplus AAUs from CP1 but puts limits on their use in CP2 and countries without a reduction target in CP2 cannot sell their surplus to countries with a reduction target.
- It restricts initial assigned amount, that is, the number of AAUs a country initially receives for CP2. This helps in avoiding a build-up of new surplus.