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The Undertakings for Collective Investment in Transferable Securities Regulations 2011

The Durban Platform signifies an important milestone in the climate change negotiations and reflects the attitude towards the new climate regime. It reinforces some key building blocks for a sustained and comprehensive attempt to tackle the climate crisis. Meanwhile, the Kyoto Protocol will continue into a second commitment period and thus retains the important political value of rules-based emissions reductions from a group of industrialized countries, while preserving important mechanisms such as emissions trading, the Clean Development Mechanism (CDM), and Joint Implementation (JI). This paper will evaluate the substantive results of the Durban conference, draw implications for developing countries and.