23.4.2014 Official Journal of the European Union L 119/75 COMMISSION IMPLEMENTING DECISION of 16 April 2014 on the transfer of assigned amount units to the Party to the Kyoto Protocol holding account in the registry of Finland (notified under document C(2014) 2475) (2014/224[EU) THE EUROPEAN COMMISSION, Having regard to the Treaty on the Functioning of the European Union, Having regard to Council Decision 2002/358/EC of 25 April 2002 concerning the approval, on behalf of the European Community, of the Kyoto Protocol to the United Nations Framework Convention on Climate Change and the joint fulfil- ment of commitments thereunder ('), and in particular Article 3 thereof, Whereas: (1)  Commission Decision 2006/944/EC (3 determines the respective emission levels for the Union and its Member States for the first commitment period under the Kyoto Protocol. (2)  Commission Decision 2010/778/EU (°) amends Decision 2006/944/EC by establishing the final respective emis- sion levels allocated to the Union and to each Member State and by providing that the final arithmetic difference of 19 357 532 tonnes of carbon dioxide equivalent between the emission levels of the Union and the sum of the emission levels of the Member States be issued as assigned amount units by the Union. Furthermore, that Deci- sion provides for the transfer of five million of these assigned amount units from the Union registry to the Party to the Kyoto Protocol holding account in the registry of Denmark. (3)  In the context of adopting Decision 2010/778/EU it was recognised that the transfer of the five million assigned amount units to Denmark is without prejudice to the ownership of the remaining Union arithmetic surplus. (4)  In December 2011, the 17th Conference of the Parties of the United Nations Framework Convention on Climate Change (UNFCCC’) meeting in Durban adopted Decision 2/CMP.7 of the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol (Durban Decision’). That decision sets out accounting rules for the land use, land-use change and forestry (LULUCF) sector for a second commitment period under the Kyoto Protocol (Kyoto Protocol’) to the UNFCCC. (5)  The Durban Decision deviates significantly from the previous accounting rules agreed under the Kyoto Protocol for the first commitment period. Decision 16/CMP.1 of the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol adopted by the 11th Conference of the Parties of the UNFCCC meeting in Montreal in December 2005 provides for limits as set out in the Annex to that Decision for the purpose of Parties’ commitments under the first commitment period of the Kyoto Protocol. In addition, Decision 16/CMP.1 provides for Parties’ possibility to exceed those limits by compensating net emissions (‘debits’) resulting from the activities of afforestation, reforestation and deforestation pursuant to Article 3(3) of the Kyoto Protocol by net removals (‘credits) resulting from forest management activities pursuant to Article 3(4) of the Kyoto Protocol. That accounting rule is commonly referred to as the compensation rule. The Durban Decision does not provide for such a compensation rule for the second commitment period under the Kyoto Protocol. () OJL130,15.5.2002, p. 1. () OJL358,16.12.2006, p. 87. () OJL332,16.12.2010, p. 41.