JI Governance – review of JI Guidelines

1. JI Governance – review of JI Guidelines FIRST SDM JOINT COORDINATION WORKSHOP Bonn, Germany, 24-25 March, 2012 Vlad Trusca, Strategy and Policy Development Unit

2. Content • JI Guidelines • JI Experience Report 2010 • JISC Recommendations 2011 • Durban Decision & Next Steps

3. JI Guidelines – JISC roles • JISC (Article 6 Supervisory Committee???) - supervise the verification of ERUs generated by Article 6 (JI) projects • JISC responsible for: • Elaborating its rules of procedure • Establishing procedures under Track 2 verification process • Building up on the criteria for baselines setting and monitoring • Accrediting independent entities & standards • Reviewing and revising reporting guidelines • Elaborating PDD forms and other documents • Reporting on its activities to CMP • Adopting/reviewing the fee structure

4. JI Guidelines – JISC Composition & Work • JISC - comprise 10 members from KP Parties: • 3 members from Annex I EiT Parties • 3 members from other Annex I Parties • 3 members from non-Annex I Parties • 1 member from the SIDS • JISC members, incl. alternates shall: • Have no pecuniary or financial interest • Serve in their personal capacities (max. 2 consecutive terms) • Be nominated by constituencies and elected by CMP • Not disclose any confidential or proprietary information • Other governance issues: • Election of Chair/Vice-Chair; resignation, replacement, appointment of members • Meeting schedule (at least two times per year) • Quorum and decisions (by consensus/voting)

5. JI Experience Report 2010 • Section “New operational model for joint implementation” • JISC recommended Parties to consider adjusting the role, membership and composition of the JI regulatory body: • Standard-setting role, rather than a project assessment role • Provide an overall policy framework (implemented at national level) • Better communication with DFPs, AIEs and other stakeholders • Membership reflects the necessary skills and expertise • Composition aligned with the new JI operational model • Act under the authority of the CMP • Monitor systems put in place at national level

6. JISC Recommendations 2011 • JISC recommended CMP to establish a new governing body which will: • Operate under the authority, be accountable, and report to the CMP • Set mandatory standards and procedures and best practice guidelines • Issue offset credits, on the basis of verification by accredited verifiers • Accredit verifiers and supervise their performance • Oversee the conformity of the implementation with the mandatory standards • JISC recommended Parties to give further consideration to the following issues: • Development of a unified accreditation process for JI and CDM • Governing body working in an executive, impartial and transparent manner • Members of the governing body being drawn from Parties involved in JI activities • Appeals process established to allow appeal against governing body decisions

7. Durban Decision & Next Steps • Durban Decision 11/CMP.7 “Guidance on implementation of JI” – CMP: • Took note of the recommendations on options for building on the JI approach • Recalled its decision to initiate the first review of the JI guidelines • Invited all Parties, and other stakeholders to submit their views by 16 April 2012 • Requested the secretariat to compile submissions into a report for CMP 8 by 31 July 2012 • Requested the JISC to draft a revised set of key attributes and transitional measures dealing with the possible changes to the JI guidelines • JISC 28 meeting – JISC: • took note of the CMP.7 requests • initiated its discussions on the key attributes • agreed to provide a draft revision of the JI guidelines • secretariat + JISC members to prepare draft materials

8. www.unfccc.int “…firmly establish JI as an effective tool of international collaboration for developed country Parties in mitigating their GHG emissions…’’ [JI Management Plan 2012]