Presentation to the OECD Working Group on Transport.

“Getting Ready for REDD” is one in a series of papers examining in more detail some of the issues raised in the Greenprint,

This paper discusses several key areas where U.S. policy should be reshaped, both domestically and internationally, to ensure we lead the world towards a safe, sustainable future. We should: Establish a price for carbon by adopting an ambitious 2020 emissions reduction target. Make investments and adopt policies to stimulate a green economy. Lead the world toward an effective and equitable global climate agreement Support efforts to stop emissions from deforestation and degradation in developing countries. Contribute to global financing mechanisms for climate mitigation and adaptation in the developing world. Ensure that climate change-related impacts are addressed under the Endangered Species Act. Improve science and information to prepare communities and ecosystems for unavoidable climate change. Build public support for sustained action to fight climate change

This document contains a draft version of how the agreement in Copenhagen could look like – in legal form. This is very much a work in progress. The purpose of this exercise is two fold : a) to outline to Parties how the agreement could fit together substantively and b) to demonstrate that the two Protocol option is a feasible and desirable outcome for the legal form. Attempts have been made through provisions in both the proposed Copenhagen Protocol and the amendments to the Kyoto Protocol to unify the accounting, reporting and verification of as well as compliance with emission reduction targets for industrialized countries and to create a forum for these bodies (CMCP & CMKP) to jointly develop rules in the future. It is possible that not every T has been crossed or i dotted and further provisions or amendments linking the two may be required.