Ukraine has turned to the Kyoto Protocol Compliance Committee of the United Nations Convention on Climate Change with the request to resume participation in international trading of greenhouse gas emission quotas, the State Environmental Investment Agency of Ukraine said.
"Ukraine’s request to resume full participation in the Kyoto Protocol mechanisms is included in the preliminary agenda of the compliance division’s 18th meeting, which will be held from Feb. 7-10 in the city of Bonn," the statement said.
Ukraine forecasts that its participation in greenhouse gas quota trade will resume by April of this year.
The UN Convention on Climate Change’s Protocol Compliance Committee suspended Ukraine’s participation in international emissions quota trading on Oct. 12, 2011 due to "a discrepancy between the national system of greenhouse gas emissions accounting and the requirements of the Kyoto Protocol."
The Committee did not heed requests by the Ukrainian delegation to postpone making the decision by one to two months.
The Kyoto Protocol was adopted in Kyoto, Japan on Dec. 12, 1997, and entered into force on Feb. 16, 2005.
The protocol determines the procedure and principles of jointly fulfilling commitments to reduce greenhouse gas emissions by concluding special agreements between participants in the protocol.
