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Enhancing Demand for Joint Implementation: Insights from the UNFCCC Side Event

This presentation by Gertraud Wollansky from the Federal Ministry for Agriculture, Forestry, Environment, and Water Management examines the demand-side perspective on Joint Implementation (JI). Highlighting the importance of JI, it discusses how Annex II countries are implementing acquisition programs for emission reduction units (ERUs) and certified emission reductions (CERs). The role of the EU ETS and associated directives in boosting market demand, along with comparative analyses of JI and the Clean Development Mechanism (CDM), are explored. Recommendations are made for simplifying JI processes and ensuring robust frameworks for investment security.

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Enhancing Demand for Joint Implementation: Insights from the UNFCCC Side Event

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Presentation Transcript

  1. Demand side perspective on JI UNFCCC Side event on Joint Implementation Gertraud Wollansky Federal Ministry for Agriculture, Forestry, Environment and Water Management

  2. Importance of Joint Implementation • Many Annex II countries have established or are planning to establish acquisition programmes for ERUs and CERs (NL, Canada, Austria, Denmark, …) • EU ETS and Linking directive give a new impulse to the market, demand will increase from private sector • Estimates exist for overall demand for project based credits, but difficult to split into JI and CDM demand

  3. Comparative advantages of JI versus CDM • JI host countries established markets for many European companies • Daughter companies in JI countries provide opportunity for emission reductions • Perceived by some companies as less risky than CDM • Track 1 less complicated than CDM, if requirements are met

  4. Comparative disadvantages of JI versus CDM • Double counting provision in Linking directive limits use of JI by EU countries in new EU members • Some – not all – new MS have held up approval of JI projects • Risk of eliminating JI in EU MS by establishing very restrictive double counting rules? • Market prices for ERUs have tended to be higher than for CERs in the past

  5. How to compensate disadvantages • Simplify JI by using Track 1 – still uncertain course for some host countries • Give certainty about Track 2 – not restrict investments to Track 1 countries! • Establishment of Green Investment Schemes • Procedures probably very like Track 1 • Avoids obstacles to JI posed by Linking directive • Allows a coordinated approach and more control for host party over project portfolio

  6. Expectations (1) What Parties and PPs expect from COP/moP1: • Confirmation of the assumptions used for projects already started (baseline and monitoring methodologies, DOEs-IEs, ….) • Security for the investments by providing the legal framework – this means adoption of JI decision • Guidance how to use the framework developed under CDM

  7. Expectations (2) • Experiences from CDM that can and should be used for JI, i.a.: • Approved methodologies for baselines and monitoring • Provisions for small scale • Accredited DOEs as IEs • Accreditation procedures for IEs • Rules of procedure for SC as applicable • Use of Panels, Working groups

  8. Expectations (3) • Open questions: • Further linkeages between JI and CDM concerning methodologies, accreditation, …. • SC and EB are independent bodies, can make their own decisions • Independent development of JI, even if using experiences from CDM • But: SC and EB should keep close contact and take account of developments in the other bodies

  9. Expectations (4) • Funding issue has to be solved, not concentrate only on CDM and ITL funding • Adequate resources for Secretariat important • JI SC can build on work already done, but has to adapt it to its own needs • SC should develop a work plan for the first year based on guidance by COP/moP to set up modalities for JI implementation

  10. Thank you for your attention! • Contact information: gertraud.wollansky@lebensministerium.at

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