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Carbon Market Watch Recommendations JI Reforms @ COP19

The JI has a poor track record. Countries with large AAU surplus have issued hundreds of millions of JI credits with virtually no integrity or climate benefits. In Doha Parties decided that the two JI tracks should be merged. They also decided to establish common overarching guiding principles, including “clear, transparent and objective requirements to ensure that projects are additional to what would otherwise occur.” All further decisions about JI were delegated to the Subsidiary Body for Implementation (SBI). Below we summarize the most important issues:

  • No issuance of ERUs during the interim period
  • Require review procedure at registration stage
  • Strengthen criteria and review Procedures for Baseline Setting and Additionality
  • Implement procedures to renew crediting period

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