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Advancing Article 6 Projects: Key Considerations under the Kyoto Protocol

Explore the critical aspects of Article 6 projects under the Kyoto Protocol, emphasizing the need to balance environmental integrity and economic attractiveness while considering the interests of all involved parties. Discover the tracks, incentives, governance structure, and preparatory processes for Joint Implementation (JI) initiatives.

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Advancing Article 6 Projects: Key Considerations under the Kyoto Protocol

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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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