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Projects under Article 6 in the context of the Marrakesh Accords

Projects under Article 6 in the context of the Marrakesh Accords. First UNFCCC Workshop on the implementation of Article 6 projects under the Kyoto Protocol 26-27 May 2004 Moscow, Russian Federation. Christine ZUMKELLER UNFCCC/Cooperative Mechanisms czumkeller @unfccc.int.

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Projects under Article 6 in the context of the Marrakesh Accords

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  1. Projects under Article 6 in the context of the Marrakesh Accords First UNFCCC Workshop on the implementation of Article 6 projects under the Kyoto Protocol 26-27 May 2004 Moscow, Russian Federation Christine ZUMKELLERUNFCCC/Cooperative Mechanismsczumkeller@unfccc.int

  2. Article 6 under the Kyoto Protocol – “joint implementation (or JI)” • Critical element of the Marrakesh Accords • Imperative:to strike the right balance

  3. Compromise allowing the ratification of the Kyoto Protocol • Ensuring environmental integrity and economic attractiveness • Balancing interests of hosts and investors, sellers and buyers of credits, and Annex I and non-Annex I Parties

  4. Track 1 • Incentive for becoming eligible early • Domestically-governed system with relatively low transaction costs • “Emissions trading-like JI”

  5. Track 2 - Alternative track • Internationally exercised governance • “JI as CDM light” process • Article 6 Supervisory Committee, operating under COP/MOP

  6. “Tailor-made JI” to encourage the preparatory process for implementing JI projects • Credits could be obtained as of the year 2008 • Opportunity well-understood by the markets and anticipated

  7. Dynamic process will drive JI once the first COP/MOP has set up the Article 6 Supervisory Committee • JI initiatives at national level • Support through JI web module • JI workshops to exchange experience

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