12 November 1998

ENGLISH ONLY

UNITED NATIONS FRAMEWORK CONVENTION ON CLIMATE CHANGE

CONFERENCE OF THE PARTIES⁽¹⁾

Fourth session

Buenos Aires, 2-13 November 1998

Agenda items 4 (f) and 5 (a) (ii)-(iv)

1. In addition to the submissions contained in FCCC/CP/1998/MISC.7 and Add.1-2, one further submission has been received.

2. In accordance with the procedure for miscellaneous documents, the submission received is attached and reproduced in the language in which it was received and without formal editing.

Provisions Elements Prioritisation in KP

General 1

(1) Principles

(2) Nature and Scope of the Mechanisms

(3) Equity and transparency

(4) Supplementarity

(5) Climate Change Effectiveness

(6) Institutional Framework

(7) Capacity Building

(8) Adaptation

(9) Compliance

Article 12 - clean development mechanism 1

Basic

12.2 (1) Purpose of cdm projects

3,12.2 (2) Supplementarity to domestic action for achieving

compliance with reduction commitments under

Article 3

12.2 (3) Compatibility with sustainable development priorities/

strategies

12.2 (4) Special needs of least developed countries

12.2 (5) Criteria for project eligibility

12.8 (6) Adaptation

12.2,12.7 (7) Transparency, non-discrimination, prevention of

distortion of competition

Methodological and Technical

12.3 (b) (8) "Part of " Annex I commitments

12.5 (c) (9) Additionality criteria in project funding

12.5 (b) (10) Criteria for real, measurable and long-term benefits

related to climate change

12.5 (11) Criteria for certification

12.5 (c) (12) Criteria for project baseline

12.3 (a),12.9 (13) Definition of the concept of certified emission reductions

12.7 (14) Systems for independent auditing and verification of

project activities

12.5,12.7 (15) Format for reporting

12.10 (16) Implication of Article 12.10 of the Kyoto Protocol,

including implications for a possible interim phase

approach of the cdm

3.3 & 3.4 (17) Outcome of methodological work on Articles 3.3 and 3.4

Process

3.12, 12.9, (18) Acquisition and transfer of certified emission

12.10 reduction units

12.8 (19) Determination of share of proceeds for adaptation

12.8 (20) Determination of share of proceeds for administration

12.6 (21) Criteria and procedures for arranging funding

for certified project activities

12.8 (22) Criteria and procedures for assisting developing

country Parties that are particularly vulnerable

to meet adaptation costs

12.2 (23) Approval by involved parties of sustainable development

Institutional

12.4 (24) Authority and guidance of the COP

12.4 (25) Accountability of the Executive Board to the COP/moP

12.4,12.5, (26) Functions of, relationship among and operational

12.7,12.8, procedures of the COP, COP/MOP. the executive

12.9 board and operational entities

12.4,12.7 (27) Executive board - constitution, composition, and

functions - membership and rules of procedure, provisions

for institutional and administrative support,

12.9 (28) Guidance regarding involvement of public and/or

private entities

12.5,12.7 (29) Operational entities - identification/designation/

accreditation; monitoring/auditing of operational entities

12.2 (30) Responsibility of Parties

Article 6 projects 2

Basic

6.1 (1) Criteria for Article 6 projects

6.1(d) (2) Supplementarity to domestic action

6.1 (3) Transparency

Methodological and Technical

6.1 (4) Criteria for project baselines

6.1(b) (5) Assessment of additionality

6.2 (6) Verification and reporting

8.4 (7) Guidelines for review of implementation of Article 6

by expert review teams

6.2 (8) Guidelines for monitoring, reporting, verification

3.3, 3.4 (9) Outcome of methodological work on Article 3.3 and 3.4

Process

6.1(a) (10) Process for approval by Parties involved in projects

6.1(c),3.10, (11) Acquisition and transfer of emission reduction units

3.11,6.3,6.4

6.3 (12) Authorization of legal entities

8.4 (13) Process for reviewing Article 6 according to

Article 8.4

6.4,16,18 (14) Consequences of non-compliance

6.1 (15) Process for assessing compliance with Articles 5 and 7

Institutional

6.2 (16) Role of COP/moP, SBSTA and SBI

6.2 (17) Elaboration of guidelines as per Article 6.2

6.3. (18) Involvement of legal entities operating under the

responsibility of a Party

Article 17 - emissions trading between Annex B Parties 3

17 (1) Basis of rights and entitlements of Annex B Parties for

emissions trading

17 (2) Determination and creation of such rights and entitlements

3, 17 (3) Supplementarity to domestic action for the purpose of

meeting commitments under Article 3

17, Conv (4) Conformity with the principle of equity in the Convention

3, 17 (5) Real and verifiable reduction of GHG emissions

17 (6) Elements of principles, modalities, rules and guidelines

for emissions trading

17 (7) Elaboration of principles, modalities, rules and guidelines

17 (8) Matters relating to verification, reporting and accountability

Note on Prioritisation

Work relating to cdm shall be carried out on a priority basis, before the entry into force of the Kyoto Protocol. Work relating to Article 6 may be carried out to enable decision by COP/moP I. Work relating to Article 17 may follow.

N. B.

Additional items can be added to the Initial Work Programme.

FCCC/CP/1998/MISC.7/Add.3

EZE.98-