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First Sustainable Development Joint Coordination Workshop Module 4.3 Governance of JI

First Sustainable Development Joint Coordination Workshop Module 4.3 Governance of JI Governance and revision of JI guidelines Traude Wollansky, JISC alternate member. Starting point. Durban decision:

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First Sustainable Development Joint Coordination Workshop Module 4.3 Governance of JI

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  1. First Sustainable Development Joint Coordination Workshop • Module 4.3 Governance of JI • Governance and revision of JI guidelines • Traude Wollansky, JISC alternate member

  2. Starting point • Durban decision: • request to the JISC to draft revised set of key attributes and transitional measures dealing with possible changes to JI guidelines • CMP will consider this draft at CMP8 with a view to develop revised JI guidelines for adoption at CMP9 • Input from JISC already well developed (Experience report 2010, Recommendations 2011) – input for CMP could be completed in less time and more detail, JISC to aim for comprehensive input to CMP8

  3. Challenges ahead (1) • Howcan JI find a place in a post-2012 carbonmarketwithmoremechanismsandchangingconditions? • Externalfactors: • Demand • Potential host countries • Scope • „Competition“ withothermechanisms • Internal factors: • Project cycle • Governance

  4. Possible ways forward • Need toreacttochangingconditions • SpeedyrevisionofguidelinestogivesecuritytohostParties, investors, stakeholders • Preparatoryworkby JISC in cooperationwithstakeholders • Ambitiousapproach (timingandcontent) • Upto CMP todecide – CMP.8?

  5. Key issues • Governance structure needs to follow the requirements of a revised JI – need to define characteristics of the mechanism first • Any revision needs to ensure that the environmental integrity of the mechanism will not be diminished • Reduce transaction costs, ia by using synergies with CDM (and new mechanism?)

  6. Key issues • Decentralized mechanism which is implemented by the host Parties at the national level – 1 track • Crucial importance of MRV and accounting • International guidance and oversight of a new governing body under the autority of the CMP – functions need to be changed compared to current status • Enhanced role of AIEs – requires high standards for accreditation and supervision

  7. Thank you for your attention! Gertraud Wollansky +43 1 51522-1751 gertraud.wollansky@lebensministerium.at

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