First UNFCCC Workshop on the implementation of JI projects under Article 6 of the Kyoto Protocol Mos

1
First UNFCCC Workshop on the implementation of JI
projects under Article 6 of the Kyoto
ProtocolMoscow, 26-27 May, 2004

• Proposal on procedures of registration and
  implementation of JI projects in Russian
  Federation

2
JI projects development benefits for Russia

• Real GHG reduction under conditions of economic
  growth GNPs power intensity decrease.
• Macro economical cost saving of GHG reduction
  (based on results of cost curve analysis ).
• Promotion of environmental activity and
  innovation
• Extra ecological, social and economical benefits
  from JI projects implemented with public
  financial support.
• Observance of the obligations on stabilization of
  GHG emission beyond the bound of the first
  commitment period

3
Reduction of GHG emission in 2008-2012 due to JI
project implementation creates ground for
stabilization of GHG emission in further periods
Emission level without JI projects
Emission level with JI projects
ERUs
1990 2000 2008-2012
1990 2000 2008-2012
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Function of public administration in JI projects
implementation procedure

• Registration of JI projects.
• Accreditation of specialized companies rendering
  services on verification of GHG reduction under
  JI projects.
• The issuing of public securities for offsets
  generated by JI project during the first budget
  period .
• ERUs transfer registration.
• Emission accounting and control.
• Transactions with AAUs state reserves including
  transactions with AAUs surplus.

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Participants roles in JI projects preparation and
implementation circle (1)
Investor
Enterprise
Offer

• Application

Letter of Interest
Authorized national JI focal point
6
Participants roles in JI projects preparation and
implementation circle (2)
Investor
Enterprise
Decision to start JI preparation procedure
Authorized national JI focal point
Copy

• Project Design Documents
• (PDD)

Project developer
Option 1 enterprise is a developer Option
2 - specialized company is a developer
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Participants roles in JI projects preparation and
implementation circle (3)

• Investor

Enterprise
Co-ordination of selection
Conclusion
Validator (independent entity)
Copy
PDD
Authorized national JI focal point
Copy
8
Participants roles in JI projects preparation and
implementation circle (4)
Recording JI data into UNFCCC data base
Authorized national JI focal point
Notification
Notification
Enterprise
Investor
Registration
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Critical functions of the authorized national JI
focal point

• National JI log maintenance and submission
  information to the UNFCCC data base
• Guarantees for offsets transaction
• ERU issue and transfer

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Functions of specialized agency

• Forming of Integrated projects (block of similar
  small-scale projects)
• Arrangements of tender for selection of
  consultants to be hired for PDD development
• Tender for management company assignment
• Accreditation of verification entities
• Control and accounting arrangements

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Findings and recommendations

• Clear and transparent national procedure defining
  responsibilities of the players is critical for
  complex process of international cooperation
  under Article 6 of the Kyoto Protocol.
• Best international practice should be used for
  improvement of JI projects preparation and
  implementation procedures.
• Activity of the Russian Interagency Commission on
  climate change should be strengthened in order to
  co-ordinate inter-sector activity as well as to
  take into account variety of interests of
  participants (Commission could act as Authorized
  National JI focal point) .
• Specialized agency should be charged with
  regulation and management of the Integrated JI
  projects and relevant investment activity.

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Contacts

• Marina Dragan (Martynova), Vladimir Maximov
• Environment Carbon Management Department
• Agency for Direct Investments
• Email dragan_at_ag-di.ru
• Email maximov_at_ag-di.ru
• Web site www.ecofinance.ru