Projects under Article 6 in the
context of the Marrakesh
Accords
First UNFCCC Workshop on the
implementation of Article 6 projects under the Kyoto Protocol
26-27 May 2004
Moscow, Russian Federation
Christine ZUMKELLER
UNFCCC/Cooperative Mechanisms
czumkeller@unfccc.int
•Article 6 under the Kyoto Protocol –
“joint implementation (or JI)”
•Critical element of the Marrakesh
Accords
•Imperative: to strike the right
balance
•Compromise allowing the ratification
of the Kyoto Protocol
•Ensuring environmental integrity and
economic attractiveness
•Balancing interests of hosts and
investors, sellers and buyers of credits,
and Annex I and non-Annex I Parties
• Track 1
•Incentive for becoming eligible early
• Domestically-governed system with
relatively low transaction costs
• “Emissions trading-like JI”
• Track 2 - Alternative track
• Internationally exercised governance
• “JI as CDM light” process
• Article 6 Supervisory Committee,
operating under COP/MOP
•“Tailor-made JI” to encourage the
preparatory process for implementing
JI projects
•Credits could be obtained as of the
year 2008
•Opportunity well-understood by the
markets and anticipated
• Dynamic process will drive JI once
the first COP/MOP has set up the
Article 6 Supervisory Committee
• JI initiatives at national level
• Support through JI web module
• JI workshops to exchange experience