Distr.

GENERAL

FCCC/SB/1999/INF.2/Add.3

11 May 1999

Original: ENGLISH

Tenth session

Bonn, 31 May - 11 June 1999

Item 12 of the provisional agenda

SUBSIDIARY BODY FOR IMPLEMENTATION

Tenth session

Bonn, 31 May - 11 June 1999

Item 9 of the provisional agenda

This addendum to the synthesis of proposals by Parties on principles, modalities, rules and guidelines contains a non-exhaustive glossary of terms commonly encountered in the context of submissions by Parties on Articles 6, 12 and 17 of the Kyoto Protocol. This glossary has been translated into the six official languages of the United Nations and is intended to assist in the consideration of documents FCCC/SB/1999/INF.2, Add.1 and 2 and FCCC/SB/1999/MISC.3, which have been issued in English only.

GE-99

A	accountability accreditation bodies activities implemented jointly (AIJ) under the pilot phase adaptation additionality (environmental, financial) administrative fee Article 6 projects (joint implementation (JI)) assigned amount auditing avoidance (of emissions)
B	banking baseline benchmarks
C	capacity building certification certified emission reductions (CERs) certified project activities certifying authorities clean development mechanism (CDM) CO2 equivalents compliance compliance reserve concept related to inter-mechanisms conveyances consistency (principle of)
D	distortion of competition domestic actions
E	early implementation of mechanisms eligibility of AIJ projects under the CDM and JI eligibility criteria emission reduction units (ERUs) emissions trading under Article 17 (ET) entry into force of the Kyoto Protocol equity (principle of) exchangeability executive board of the CDM
F	flexible mechanisms fungibility concept
G	grandfathering
H	host (country) "hot air"
I	incremental costs interchangeability of mechanisms investor (country)
L	legal entities levies liability (buyer/seller; shared) life-time of credits linkages
M	monitoring most vulnerable developing nations
N	no-value-distortion (principle of) non-compliance fine non-surplus units
O	offsets operational entities ownership
P	primary assigned amount (PAA) units penalties for non-compliance polluter-pays-principle post-verification trading system project approval (by a Party) project brokerage project-by-project baselines
R	ratification (of the Kyoto Protocol) redress registry reporting
S	sequestration sinks stakeholders standard systems to measure compliance standardized baselines supplementarity (principle of) sustainable development criteria
T	tracking of trades transaction costs transparency trigger
U	uniform reporting format (URF)
V	validation verification

1. These terms have been translated into all the official languages of the United Nations. Each language version of the present addendum lists the term first in English and then in the appropriate language.