Seite First Sustainable Development Joint Coordination Workshop Module 4.3 Governance of JI Governance and revision of JI guidelines Traude Wollansky, JISC alternate member

Seite Starting point Durban decision: request to 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 CMP8 with a view to develop revised JI guidelines for adoption at CMP9 Input from JISC already well developed (Experience report 2010, Recommendations 2011) – input for CMP could be completed in less time and more detail, JISC to aim for comprehensive input to CMP8

Seite Challenges ahead (1) How can JI find a place in a post-2012 carbon market with more mechanisms and changing conditions? External factors: Demand Potential host countries Scope Competition with other mechanisms Internal factors: Project cycle Governance

Seite Possible ways forward Need to react to changing conditions Speedy revision of guidelines to give security to host Parties, investors, stakeholders Preparatory work by JISC in cooperation with stakeholders Ambitious approach (timing and content) Up to CMP to decide – CMP.8?

Seite Key issues Governance structure needs to follow the requirements of a revised JI – need to define characteristics of the mechanism first Any revision needs to ensure that the environmental integrity of the mechanism will not be diminished Reduce transaction costs, ia by using synergies with CDM (and new mechanism?)

Seite Key issues Decentralized mechanism which is implemented by the host Parties at the national level – 1 track Crucial importance of MRV and accounting International guidance and oversight of a new governing body under the autority of the CMP – functions need to be changed compared to current status Enhanced role of AIEs – requires high standards for accreditation and supervision

Seite Thank you for your attention! Gertraud Wollansky