1. Tatiana Faizoullina – EcoSecurities Plc ESSB Danish Carbon Facility
JISC Workshop
Tatiana Faizoullina – EcoSecurities Plc
ESSB Danish Carbon Facility
February 13-14, 2007

2. Who we are
EcoSecurities is a leading company in the business of sourcing, developing and trading carbon credits throughout the world.
Our carbon credit portfolio is the largest in the industry and consists of 353 projects with the potential to generate over 156 million carbon credits:
spanning 26 countries, using 17 technologies
61 projects registered or submitted to registration with the CDM Executive Board
120 projects validated or submitted for validation
196 of the projects have secured financing
113 projects are under construction or in operation

3. Experience
JISC has done a tremendous job (efficient, quick) – Lessons learnt from CDM
Double counting within the EU ETS for JI is currently a problem
MOUs b/w JI countries – are unnecessary and discriminative
Unclear legality of following stages of the project cycle after the project is published for comments and roles of JISC versus National Focal Points
Not enough information re-national approval procedures of JI countries

4. Market Needs
Role of Russia & Ukraine is growing but no approval system in Russia as of today
Eligibility to Trade:
Russia & Ukraine - clarity needed on a timeline
EU - concerns
Track 1 vs. Track 2
What will happen if somebody is not eligible to trade? Grace period?
International transaction log – if not operational shortly will raise problems
Post 2012 – market is seeking a clarity (cap & trade or baseline & credit = investments will move somewhere else)

5. Our recommendations: JISC please keep pace MOUs should be eliminated
Double counting – Lobby EC to release their official opinion on requirements ASAP
We think: if project is included into JI Reserves I or II, there is no double counting by default, no need to prove
JISC to work closely with Russia and Ukraine
More information on how countries are doing in terms of their eligibility to trade
Lobby for clarity over post-Kyoto regime

6. Thank you for your attention!
Tatiana Faizoullina
Senior Project Manager CEE&FSU
+44 (0)