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Para 7 of decision 9/CMP.1

Para 7 of decision 9/CMP.1 “any administrative costs arising from procedures contained in the {JI guidelines} relating to the functions of the {JISC} shall be borne by both Annex I Parties and the project participants” Para 2 (h) of decision 10/CMP.1

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Para 7 of decision 9/CMP.1

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  1. Para 7 of decision 9/CMP.1 • “any administrative costs arising from procedures contained in the {JI guidelines} relating to the functions of the {JISC} shall be borne by both Annex I Parties and the project participants” • Para 2 (h) of decision 10/CMP.1 • “{COP/MOP requests the JISC} to develop provisions for the charging of fees to cover administrative costs relating to the activities of the {JISC}” • Related decisions encouraging Annex I Parties to contribute to supplementary funding for JI activities • Para 2 of decision 16/CP.7 • Para 6 of decision 10/CMP.1

  2. UNFCCC core budget to cover basic functioning of the JISC • Based on medium- to long-term considerations • Regular review by the JISC • Fees for appraisal/review of projects • Share of proceeds (SOP) • Any payment before ERU generation shall be an advance payment of SOP • Advance payment shall be non-reimbursable up to certain level • Reduced rate and exemption of advance payment for small-scale projects • Fees for accreditation • Fixed rate and non-reimbursable application fee • Applicant IEs/AIEs pay the costs for assessment teams directly to team members

  3. Fees for appraisal/review of projects • SOP: • USD 0.10 per ERU for the first 15,000 t CO2 eq/year • USD 0.20 per ERU in excess of 15,000 t CO2 eq/year • Fee for app/rev of det. PDD (advance payment) : • Annual average SOP • Maximum = USD 350,000 • Any fee over USD 30,000 is reimbursed if the project does not proceed to app/rev of det. ERUs • Exempted for projects with ERUs < 15,000 t CO2 eq/year • Fees for accreditation • USD 15,000 per application • Direct payment to JI-ATs: as agreed on “Indicative level of fees”

  4. Balance 2006-2012 = + USD 1.2 million Balance 2006-2012 = – USD 0.3 million

  5. Same fee levels as in the CDM are appropriate • Significant deficit in the first years • > need to be covered by contributions from Parties • Potential risk of fluctuations in income • > can be avoided by operating cushion by: • Contributions from Parties and/or • Collection of fees in the first years • Many uncertainties affecting required resources and expected income, e.g. • Size of the JI market, competition with Track 1 • Future of JI as a mechanism after 2012 • > which affects • Number of JI projects under JI Track 2 • Project scale distribution • Need for regular review by the JISC

  6. * If ERU price is USD 7 (= EUR 5.5) per unit (t-CO2 eq)

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