Joint Fulfilment. 1. The Parties agree to fulfil their quantified emission limitation and reduction commitments for the second commitment period inscribed in the third column of Annex B to the Kyoto Protocol jointly, in accordance with the terms of the joint fulfilment. 2. To that end, Iceland shall take all necessary measures in order to ensure that its aggregate anthropogenic carbon dioxide equivalent emissions in the second commitment period of the greenhouse gases listed in Annex A to the Kyoto Protocol from sources and sinks covered by the Kyoto Protocol, which do not fall under the scope of the ETS Directive, do not exceed its assigned amount set out in the terms of the joint fulfilment. 3. Without prejudice to Article 8 of this Agreement, Iceland shall, at the end of the second commitment period, and in accordance with Decision 1/CMP.8 and other relevant decisions of the UNFCCC or Kyoto Protocol bodies, and the terms of the joint fulfilment, retire from its national registry AAUs, CERs, ERUs, RMUs, tCERs or lCERs equivalent to the greenhouse gas emissions from sources and removals by sinks covered by its assigned amount.
Appears in 7 contracts
Samples: Agreement Concerning Iceland's Participation in the Joint Fulfilment of the Commitments of the European Union and Its Member States for the Second Commitment Period of the Kyoto Protocol, Agreement Concerning Iceland's Participation in the Joint Fulfilment of the Commitments of the European Union and Its Member States for the Second Commitment Period of the Kyoto Protocol, Agreement Concerning Iceland's Participation in the Joint Fulfilment of the Commitments of the European Union and Its Member States for the Second Commitment Period of the Kyoto Protocol
