As mentioned in Section 4 the Kyoto protocol will expire in 2012. Therefore at the conference of signatory states to the UN Framework Convention on Climate Change in Bali in 2007, an official start was made to negotiations to draft a new climate protocol which follows the Kyoto Protocol and to adopt the new protocol at the conference of signatory states in Copenhagen in 2009. The key negotiation blocks are:
• Mitigation, which means an agreement of all countries to reduce GHG emissions in order to limit global warming to 2 2 C compared with the level before industrialization.
• Adaptation, which means precaution to the effects of climate change.
• Financing, which means models for poor developing countries, funds or finance mechanisms for avoiding further forest clearance and expansion of R&D to develop climate-friendly technologies and products.
• Technology means technology transfer, which is needed to combat climate change in all countries of the world.
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