1. 1st Sustainable Development Mechanism Bonn, 24 March 2012 Future of JI – Business Perspectives
Hanna-Mari Ahonen
IETA

2. Business needs clarity
JI is important model for new market mechanisms (host country cap, country-driven)
Currently, no carbon market incentive to reduce emissions outside EU ETS!
To incentivise emission reductions in non-ETS sector & JI alive
provide clarity on JI, asap!
Key issues to clarify immediately:
Incentives to early (immediate) action: otherwise, risk losing momentum
Timeline of re-operationalisation of JI: years of uncertainty undermine investments
Transitional procedures between now and guideline revision: decisions needed in Qatar
Host country eligibility: Kyoto CP2 ratifiers vs. non-ratifiers
Relationship with alternative offset schemes: Article 24a etc.
Key characteristics of revised guidelines:
Predictability & stability
Transparency & efficiency
Continuity & incentives for early and long-term action