Q & A session on the Kyoto Protocol's joint implementation mechanism

JOINT IMPLEMENTATION

JISC Q & A session

Bonn, 13 June 2013

Derrick Oderson, Chair

Joint Implementation Supervisory Committee (JISC)1 of 15

JI PRESENTATION OVERVIEW

• JI brief introduction

• JI current statistics

• JI guidelines review – backgroundand current status

• Moving forward

• Summary & closing comments

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JOINT IMPLEMENTATION (JI)

• Encourages and rewards emission reduction initiatives in industrialized countries

• Projects in any country with a commitment under theKyoto Protocol

• JI projects produce ERUs forreal emission reductions

• Track 1 and Track 2

JOINT IMPLEMENTATION – BRIEF DESCRIPTION

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• Provides wide flexibility to countries seeking to meet emission reduction targets

• Provides real emission reductions

• Spurs private sector involvement in emission-reduction activities

JOINT IMPLEMENTATION – BENEFITS

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PROJECT SUBMISSIONS CONTINUE

TRACK 1

542 Projects submitted to the ITL

51 Awaiting fee clearance

TRACK 2

331 PDDs published on website1 PoA published on website

51 Determinations finalised123 Verifications finalised

~24 million tonnes of CO2e

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JI TRACK 1 & 2: ERUs ISSUED

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ISSUANCE YEAR

TRACK 1 TRACK 2 BOTH TRACKS

2008 120,000 --- 120,000

2009 4,670,641 1,324,448 5,995,089

2010 28,033,010 2,921,570 30,954,580

2011 86,702,918 6,818,250 93,521,168

2012 517,108,849 9,083,486 526,192,335

2013 138,540,551 3,701,745 142,242,296

Total 775,175,969 23,849,499 799,025,468

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JI GUIDELINE REVIEW: BACKGROUND

• Since 2010, the JISC has worked on identifying critical issues to ensure the continued operation of JI post 2012

• Recommendations/new ideas/options were provided at CMP 6, 7, and 8

• The JI review was formally initiated by the CMP at its 7th meeting in Durban

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JI GUIDELINE REVIEW: BACKGROUND

At its 8th session, the CMP agreed on JI key attributes:

• Single track• Aligned or unified accreditation process with CDM• Clear information on projects to be provided by Parties,

stakeholders, and accredited entities in English• Appeals procedure• Clear additionality requirements• Mandatory requirements for

host Parties on approval of baselines and MRV

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JI GUIDELINE REVIEW: NEXT STEPS

At its 8th session, the CMP also requested further inputs from Parties and observers, and requested SBI to draft revised guidelines for adoption at CMP 9 to address:

• Level of oversight among host Parties• Additionality• Issuance of ERUs• Consistency of accounting

for LULUCF projects

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MOVING FORWARD

JISC is now supporting elaboration of specific requirements needed for the new JI guidelines to become operational:

1.The alignment or integration of the JI & CDM accreditation processes2. A minimum set of national guidance for host Partiesa)Innovative measures relating to baseline-setting and additionalityb)Elaboration of specific steps of the JI project cyclec)Measures to address the transition from existing to new JI guidelines

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IN SUMMARY

• JI is now at a critical junction facing an uncertain future; ERU prices are low and demand is low

• Recommended guidelines should be adopted in Warsaw to

provide a strong future for JI

• Governments must also moveto increase mitigation targets, to increase demand

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IN CLOSING: FINAL COMMENTS

1.Is JI dead?NO

2.Does the JI work?YES

3.Is JI worth saving?YES

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FURTHER INFORMATION:

http://ji.unfccc.int

THANK YOU

Any questions?

Derrick Oderson, ChairJoint Implementation Supervisory Committee

@UN_CarbonMechs /UNCarbonMechs

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Q & A session on the Kyoto Protocol's joint implementation mechanism

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