Wrapup session III and IV Module 4 3

Wrap-up session III and IV Module 4. 3 – Governance of JI Mr. Wolfgang Seidel 1 st Sustainable Development Mechanisms Joint Coordination Workshop Maritim Hotel Bonn Germany, 24 -25 March 2012

Break-out session III and IV, Module 4. 3, JI Governance Main issues discussed • CMP 7 requested the JISC to draft revised set of key attributes and transitional measures dealing with possible changes to JI guidelines. CMP will consider this draft at CMP 8 with a view to develop revised JI guidelines for adoption at CMP 9 • Current JISC roles and JISC recommendations on adjusting the role, membership and composition of the proposed new JI regulatory body • External challenges for JI (Demand, Potential Host Countries, Scope, Competition with other mechanisms) • Internal challenges for JI (project cycle, governance, “moving beyond offsetting”) • Challenges for DFPs (Baseline choice, Additionality) • Alignment of Accreditation Procedures between the mechanisms • Synergies and interaction between the mechanisms have to be reflected in the proposed new governance structure for JI

Break-out session III and IV, Module 4. 3, JI Governance Action points / Recommendations • Governance structure needs to follow the requirements of a revised JI – need to define characteristics of the mechanism first • International guidance and oversight of a new governing body under the autority of the CMP – functions need to be changed compared to current status • It is important to clarify as soon as possible how and when post-2012 emission reductions will be accounted for the CP 2 and be credited