1. Buyer's strategies regarding Joint Implementation
Sascha Eichberger
Austrian JI/CDM Programme
Buyer's strategies regarding Joint Implementation
Austrian JI/CDM Programme
UNFCCC Technical Workshop on JI
Bonn, February 2007
Füllung weiß/ keine Füllung

2. Objectives of the Austrian JI/CDM Programme
Main Aim Closing the gap between the Austrian Kyoto target and national emission reduction potential
Purchasing Volume: 35 mill. t CO2e ( ) Budget: EUR 289 mill.
Ensuring
- Environmental Integrity
- Cost effectiveness
- Promotion of Technology Transfer (CDM)
- Improvement of socially important infrastructure

3. Projects in pipeline Status December 2006:
Total 158 projects in pipeline: 112 CDM and 46 JI
Programme start mainly JI, now more CDM due to:
- well established regulatory framework of CDM
- efforts of Host Countries to enable CDM projects
- restrictions for JI through ETS in EU member states
- development of GIS

4. Position of JI
Major objective: To assure the delivery of the ERs for the Austrian compliance.
Possibilities to purchase the ERs:
1. CDM projects: high potential, well established framework, lower risk (esp. after registration)
2. JI projects: high potential (RU/UA), slightly higher risk (conversion AAU-ERU)
3. GIS: still do not exist, supplement to other two mechanisms

5. JI Track 1 versus Track 2 A national buyer's point of view
Advantages of Track 1
Simplification of JI accounting procedures
Higher Flexibility
Lower Transactions costs
No Supervisory Committee "Risk"
Disadvantages of Track 1
Different standards are applied to projects (depending on Host Countries)

6. JI Track 1 versus Track 2 A national buyer's point of view
Advantages of Track 2
One single standard is applied to projects
What to do if host county "looses" eligibility criteria for Track 1?
Disadvantages of Track 2
Higher transaction costs
Eventual delay in the project processing
Eligibility criteria for Track 1 are not met – Track 2 is in operation

7. Strategy of the Austrian JI/CDM Programme - JI
- Focus on Russia and Ukraine
Open for both verification procedures
Possibility in ERPA to change from Track 2 to Track 1
Country specific approach

8. Füllung weiß/ keine Füllung
Mr. Sascha Eichberger
Tel: +43/(0)1/
Füllung weiß/ keine Füllung