What will happen after Kyotos first commitment period?
Talks among the UNFCCC and Kyoto Protocol parties on options for post-2012 action were launched two years ago. These include an informal dialogue process under the UNFCCC and formal negotiations on post-2012 targets for developed countries under the Kyoto Protocol. But at present no comprehensive formal process exists to negotiate a new global climate agreement to take effect when the Kyoto Protocol’s first commitment period expires at the end of 2012.