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Andrew Howard Climate Change Secretariat

Emissions trading and project-based mechanisms 1-3 April 2008 Bangkok, Thailand AWG-KP 5 In-session workshop on means to reach emission reduction targets. Andrew Howard Climate Change Secretariat. Overview. Main Kyoto Protocol and CMP decisions

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Andrew Howard Climate Change Secretariat

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  1. Emissions trading and project-based mechanisms 1-3 April 2008 Bangkok, Thailand AWG-KP 5 In-session workshop on means to reach emission reduction targets Andrew Howard Climate Change Secretariat

  2. Overview • Main Kyoto Protocol and CMP decisions - relating to emissions trading and project-based mechanisms - based on document FCCC/KP/AWG/2008/INF.1 • Status of mechanisms implementation for the first commitment period

  3. Articles 3.10-12 and 7.4 on AA Articles 7.1 on reporting 9/CMP.1 modalities 3/CMP.1 modalities 11/CMP.1 modalities 13/CMP.1 modalities 14/CMP.1 SEF Guidance 10/CMP.1 2/CMP.2 3/CMP.2 3/CMP.3 A/R 5/CMP.1 SSC 4/CMP.1 6/CMP.1 1/CMP.2 9/CMP.3 Other 4/CMP.1 7/CMP.1 8/CMP.12/CMP.3 Technical 12/CMP.1 Kyoto Protocol Articles Article 6 on JI Article 12 on CDM Article 17 on ET

  4. General mechanisms provisions

  5. Assigned amount accounting

  6. Emissions trading under Article 17

  7. CDM under Article 12

  8. CDM afforestation and reforestation

  9. JI under Article 6

  10. Status of mechanisms implementation • CDM and JI are operational - CDM-EB, JISC and secretariat support well established - Parties generally well advanced on DNAs, DFPs and procedures • Technical systems in place - almost all Annex I Party national registries in place - Kyoto’s international transaction log operational with CDM registry and Japan, New Zealand, Russia and Switzerland • 6 Annex I Parties now eligible to participate in the Kyoto mechanisms; most others to follow by end-April 2008 • Recent weeks saw first Article 17 transfers of Kyoto units • Considerable experience with national trading schemes

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