Section 93p. 93

PUBLIC INTERNATIONAL LAW COMPENDIUM VOLUME I

such

greenhouse gas, taking fully into account any

relevant decisions by the Conference of the Parties. Any

revision to a global warming potential shall apply only to

commitments

under

Article

3

in

respect

of

any

commitment period adopted subsequent to that revision.

Article 6

1. For the purpose of meeting its commitments under

Article 3, any Party included in Annex I may transfer to, or

acquire from, any other such Party emission reduction

units

resulting

from

projects

aimed

at

reducing

anthropogenic

emissions

by

sources

or

enhancing

anthropogenic removals by sinks of greenhouse gases in

any sector of the economy, provided that:

(a) Any such project has the approval of the Parties

involved;

(b) Any such project provides a reduction in emissions by

sources, or an enhancement of removals by sinks, that is

additional to any that would otherwise occur;

(c) It does not acquire any emission reduction units if it is

not in compliance with its obligations under Articles 5

and 7; and

(d) The acquisition of emission reduction units shall be

supplemental to domestic actions for the purposes of

meeting commitments under Article 3.

2. The Conference of the Parties serving as the meeting of

the Parties to this Protocol may, at its first session or as

soon

as

practicable

thereafter,

further

elaborate

guidelines

for

the

implementation

of

this

Article,

including for verification and reporting.

3. A Party included in Annex I may authorize legal entities

to participate, under its responsibility, in actions leading

to the generation, transfer or acquisition under this

Article of emission reduction units.

4. If a question of implementation by a Party included in

Annex I of the requirements referred to in this Article is

identified in accordance with the relevant provisions of

Article 8, transfers and acquisitions of emission reduction

units may continue to be made after the question has

been identified, provided that any such units may not be

used by a Party to meet its commitments under Article 3

until any issue of compliance is resolved.

Article 7

1. Each Party included in Annex I shall incorporate in its

annual inventory of anthropogenic emissions by sources

and removals by sinks of greenhouse gases not controlled

by the Montreal Protocol, submitted in accordance with

the relevant decisions of the Conference of the Parties,

the

necessary

supplementary

information

for

the

purposes of ensuring compliance with Article 3, to be

determined in accordance with paragraph 4 below.

2. Each Party included in Annex I shall incorporate in its

national communication, submitted under Article 12 of

the

Convention,

the

supplementary

information

necessary

to

demonstrate

compliance

with

its

commitments under this Protocol, to be determined in

accordance with paragraph 4 below.

3. Each Party included in Annex I shall submit the

information required under paragraph 1 above annually,

beginning

with

the

first

inventory

due

under

the

Convention for the first year of the commitment period

after this Protocol has entered into force for that Party.

Each such Party shall submit the information required

under paragraph 2 above as part of the first national

communication due under the Convention after this

Protocol has entered into force for it and after the

adoption of guidelines as provided for in paragraph 4

below.

The

frequency

of

subsequent

submission

of

information

required

under

this

Article

shall

be

determined by the Conference of the Parties serving as

the meeting of the Parties to this Protocol, taking into

account any timetable for the submission of national

communications decided upon by the Conference of the

Parties.

4. The Conference of the Parties serving as the meeting of

the Parties to this Protocol shall adopt at its first session,

and review periodically thereafter, guidelines for the

preparation of the information required under this Article,

taking into account guidelines for the preparation of

national communications by Parties included in Annex I

adopted by the Conference of the Parties. The Conference

of the Parties serving as the meeting of the Parties to this

Protocol shall also, prior to the first commitment period,

decide upon modalities for the accounting of assigned

amounts.

Article 8

1. The information submitted under Article 7 by each

Party included in Annex I shall be reviewed by expert

review teams pursuant to the relevant decisions of the

Conference

of

the

Parties

and

in

accordance

with

guidelines adopted for this purpose by the Conference of

the Parties serving as the meeting of the Parties to this

Protocol

under

paragraph

4 below. The information

submitted under Article 7, paragraph 1, by each Party

included in Annex I shall be reviewed as part of the

annual

compilation

and

accounting

of

emissions

inventories

and

assigned

amounts.

Additionally,

the

information submitted under Article 7, paragraph 2, by

each Party included in Annex I shall be reviewed as part

of the review of communications.

2. Expert review teams shall be coordinated by the

secretariat and shall be composed of experts selected

from those nominated by Parties to the Convention and,

as appropriate, by intergovernmental organizations, in

accordance with guidance provided for this purpose by

the Conference of the Parties.

3. The review process shall provide a thorough and

comprehensive technical assessment of all aspects of the

implementation by a Party of this Protocol. The expert

review teams shall prepare a report to the Conference of

the Parties serving as the meeting of the Parties to this

Protocol ,

assessing

the

implementation

of

the

commitments of the Party and identifying any potential

problems in, and factors influencing, the fulfilment of

commitments. Such reports shall be circulated by the

secretariat to all Parties to the Convention. The secretariat

shall list those questions of implementation indicated in

such reports for further consideration by the Conference

of the Parties serving as the meeting of the Parties to this

Protocol.

4. The Conference of the Parties serving as the meeting of

the Parties to this Protocol shall adopt at its first session,

and review periodically thereafter, guidelines for the

review of implementation of this Protocol by expert

review teams taking into account the relevant decisions

of the Conference of the Parties.

5. The Conference of the Parties serving as the meeting of

the Parties to this Protocol shall, with the assistance of

the

Subsidiary

Body

for

Implementation

and,

as

appropriate,

the

Subsidiary

Body

for

Scientific

and

Technological Advice, consider:

(a) The information submitted by Parties under Article 7

and the reports of the expert reviews thereon conducted

under this Article; and

(b) Those questions of implementation listed by the

secretariat under paragraph 3 above, as well as any

questions raised by Parties.

6.

Pursuant

to

its

consideration

of

the

information

referred to in paragraph 5 above, the Conference of the

Parties serving as the meeting of the Parties to this

Protocol shall take decisions on any matter required for

the implementation of this Protocol.

Article 9

1. The Conference of the Parties serving as the meeting of

the Parties to this Protocol shall periodically review this

Protocol in the light of the best available scientific

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