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Seite 127.01.2016 Hier steht ein thematisches Foto Demand side perspective on JI UNFCCC Side event on Joint Implementation Gertraud Wollansky Federal Ministry.

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Presentation on theme: "Seite 127.01.2016 Hier steht ein thematisches Foto Demand side perspective on JI UNFCCC Side event on Joint Implementation Gertraud Wollansky Federal Ministry."— Presentation transcript:

1 Seite 127.01.2016 Hier steht ein thematisches Foto Demand side perspective on JI UNFCCC Side event on Joint Implementation Gertraud Wollansky Federal Ministry for Agriculture, Forestry, Environment and Water Management

2 Seite 2 27.01.2016 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 Seite 3 27.01.2016 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 Seite 4 27.01.2016 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 Seite 5 27.01.2016 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 Seite 6 27.01.2016 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 Seite 7 27.01.2016 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 Seite 8 27.01.2016 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 Seite 9 27.01.2016 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 Seite 10 27.01.2016 Thank you for your attention! Contact information: gertraud.wollansky@lebensministerium.at


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