Over forty CEMS Masters in International Management students gathered in Barcelona from 19-20 May 2011 for the third annual CEMS Model UNFCCC. The block seminar is the culmination of a Climate Change Strategy Roleplay course, which involves students from the University of St Gallen, ESADE Barclona, the Warsaw School of Economics and the University of Cologne. oikos Student Reporters blogged live from the negotiations to demonstrate the role of the mass media.

The output document of the model, which was not adopted in the final vote, is available here.

For more information about the CEMS Model UNFCCC organisers, please see the Institute for Economy and the Environment at the University of St Gallen.

Friday, May 20, 2011

Trading Working Group: summary of agreements

Trading Working Group agreed that:

- CDM is to be continued;
- this document will be signed independently of Barcelona Protocol;
- aim to reduce bureaucracy, increase efficiency;
- introduce framework to allow non annex I countries to invest in other non annex I countries.
- strive towards less regional inequalitiies
- CDM will not include nuclear in CDM
- CDM will include REDD

A representative of the Mitigation group interrupted this summary to announce that if we all reaching an agreement on emissions target, then the distinction between annex I and non- annex I over. 'CDM is no option' everything should be JI.' Delegates are now discussing the difference between JI and CDMs.
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