APPENDIX II

GROUNDRULES FOR U.S. INITIATIVE ON JOINT IMPLEMENTATION

The following describes the U.S. Initiative on Joint Implementation (USIJI), which shall be established as a pilot program.


Section 1 - Purpose

The purpose of the pilot program shall be to:

  1. encourage the rapid development and implementation of cooperative, mutually voluntary projects between U.S. and foreign partners aimed at reducing net emissions of greenhouse gases, particularly projects promoting technology cooperation with and sustainable development in developing countries and countries with economies in transition to market economies;

  2. promote a broad range of cooperative, mutually voluntary projects to test and evaluate methodologies for measuring, tracking and verifying costs and benefits;

  3. establish an empirical basis to contribute to the formulation of international criteria for joint implementation;

  4. encourage private sector investment and innovation in the development and dissemination of technologies for reducing net emissions of greenhouse gases; and

  5. encourage participating countries to adopt more complete climate protection programs, including national inventories, baselines, policies and measures, and appropriate specific commitments.


Section 2 - Evaluation and Reassessment of Pilot Program

The pilot program shall be evaluated and reassessed within two years of its inception or within six months of adoption of international criteria for joint implementation by the Conference of the Parties to the United Nations Framework Convention on Climate Change, whichever is earlier.


Section 3 - Eligible Participants


Section 4 - Evaluation Panel


Section 5 - Criteria


Footnotes

* With respect to information received about such projects under section 1605, the Department of Energy will coordinate with the Environmental Protection Agency to enable it to fulfill its responsibilities under the Global Climate Protection Act of 1987 and the Clean Air Act, as amended.