Montreal Protocol<\/a> shall
\nbe those accepted by the Intergovernmental Panel on Climate Change and agreed
\nupon by the Conference of the Parties at its third session. Where such
\nmethodologies are not used, appropriate adjustments shall be applied according
\nto methodologies agreed upon by the Conference of the Parties serving as the
\nmeeting of the Parties to this Protocol at its first session. Based on the work
\nof, inter alia, the Intergovernmental Panel on Climate Change and advice
\nprovided by the Subsidiary Body for Scientific and Technological Advice, the
\nConference of the Parties serving as the meeting of the Parties to this Protocol
\nshall regularly review and, as appropriate, revise such methodologies and
\nadjustments, taking fully into account any relevant decisions by the Conference
\nof the Parties. Any revision to methodologies or adjustments shall be used only
\nfor the purposes of ascertaining compliance with commitments under Article 3 in
\nrespect of any commitment period adopted subsequent to that revision.<\/p>\n3. The global warming potentials used to calculate the carbon dioxide
\nequivalence of anthropogenic emissions by sources and removals by sinks of
\ngreenhouse gases not controlled by the Montreal Protocol listed in Annex A shall
\nbe those accepted by the Intergovernmental Panel on Climate Change and agreed
\nupon by the Conference of the Parties at its third session. Based on the work
\nof, inter alia, the Intergovernmental Panel on Climate Change and advice
\nprovided by the Subsidiary Body for Scientific and Technological Advice, the
\nConference of the Parties serving as the meeting of the Parties to this Protocol
\nshall regularly review and, as appropriate, revise the global warming potential
\nof each such greenhouse gas, taking fully into account any relevant decisionsby the Conference of the Parties. Any revision to a global warming potential
\nshall apply only to those commitments under Article 3 in respect of any
\ncommitment period adopted subsequent to that revision.<\/p>\n
Article 6<\/p>\n
1. For the purpose of meeting its commitments under Article 3, any Party
\nincluded in Annex I may transfer to, or acquire from, any other such Party
\nemission reduction units resulting from projects aimed at reducing anthropogenic
\nemissions by sources or enhancing anthropogenic removals by sinks of greenhouse
\ngases in any sector of the economy, provided that:<\/p>\n
(a) Any such project has the approval of the Parties involved;<\/p>\n
(b) Any such project provides a reduction in emissions by sources, or an
\nenhancement of removals by sinks, that is additional to any that would otherwise
\noccur;<\/p>\n
(c) It does not acquire any emission reduction units if it is not in
\ncompliance with its obligations under Articles 5 and 7; and<\/p>\n
(d) The acquisition of emission reduction units shall be supplemental to
\ndomestic actions for the purposes of meeting commitments under Article 3.<\/p>\n
2. The Conference of the Parties serving as the meeting of the Parties to this
\nProtocol may, at its first session or as soon as practicable thereafter, further
\nelaborate guidelines for the implementation of this Article, including for
\nverification and reporting.<\/p>\n
3. A Party included in Annex I may authorize legal entities to participate,
\nunder its responsibility, in actions leading to the generation, transfer or
\nacquisition under this Article of emission reduction units.<\/p>\n
4. If a question of implementation by a Party included in Annex I of the
\nrequirements referred to in this paragraph is identified in accordance with the
\nrelevant provisions of Article 8, transfers and acquisitions of emission
\nreduction units may continue to be made after the question has been identified,
\nprovided that any such units may not be used by a Party to meet its commitments
\nunder Article 3 until any issue of compliance is resolved.<\/p>\n
Article 7<\/p>\n
1. Each Party included in Annex I shall incorporate in its annual inventory of
\nanthropogenic emissions by sources and removals by sinks of greenhouse gases not
\ncontrolled by the Montreal Protocol, submitted in accordance with the relevant
\ndecisions of the Conference of the Parties, the necessary supplementary
\ninformation for the purposes of ensuring compliance with Article 3, to be
\ndetermined in accordance with paragraph 4 below.<\/p>\n
2. Each Party included in Annex I shall incorporate in its national
\ncommunication, submitted under Article 12 of the Convention, the supplementary
\ninformation necessary to demonstrate compliance with its commitments
\nunder this Protocol, to be determined in accordance with paragraph 4 below.<\/p>\n
3. Each Party included in Annex I shall submit the information required under
\nparagraph 1 above annually, beginning with the first inventory due under the
\nConvention for the first year of the commitment period after this Protocol has
\nentered into force for it. Each such Party shall submit the information required
\nunder paragraph 2 above as part of the first national communication due under
\nthe Convention after this Protocol has entered into force for it and after the
\nadoption of guidelines as provided for in paragraph 4 below. The frequency of
\nsubsequent submission of information required under this Article shall be
\ndetermined by the Conference of the Parties serving as the meeting of the
\nParties to this Protocol, taking into account any timetable for the submission
\nof national communications decided upon by the Conference of the Parties.<\/p>\n
4. The Conference of the Parties serving as the meeting of the Parties to this
\nProtocol shall adopt at its first session, and review periodically thereafter,
\nguidelines for the preparation of the information required under this Article,
\ntaking into account guidelines for the preparation of national communications by
\nParties included in Annex I adopted by the Conference of the Parties. The
\nConference of the Parties serving as the meeting of the Parties to this Protocol
\nshall also, prior to the first commitment period, decide upon modalities for the
\naccounting of assigned amounts.<\/p>\n
Article 8<\/p>\n
1. The information submitted under Article 7 by each Party included in Annex I
\nshall be reviewed by expert review teams pursuant to the relevant decisions of
\nthe Conference of the Parties and in accordance with guidelines adopted for this
\npurpose by the Conference of the Parties serving as the meeting of the Parties
\nto this Protocol under paragraph 4 below. The information submitted under
\nArticle 7, paragraph 1, by each Party included in Annex I shall be reviewed as
\npart of the annual compilation and accounting of emissions inventories and
\nassigned amounts. Additionally, the information submitted under Article 7,
\nparagraph 2, by each Party included in Annex I shall be reviewed as part of the
\nreview of communications.<\/p>\n
2. Expert review teams shall be coordinated by the secretariat and shall be
\ncomposed of experts selected from those nominated by Parties to the Convention
\nand, as appropriate, by intergovernmental organizations, in accordance with
\nguidance provided for this purpose by the Conference of the Parties.<\/p>\n
3. The review process shall provide a thorough and comprehensive technical
\nassessment of all aspects of the implementation by a Party of this Protocol. The
\nexpert review teams shall prepare a report to the Conference of the Parties
\nserving as the meeting of the Parties to this Protocol, assessing the
\nimplementation of the commitments of the Party and identifying any potential
\nproblems in, and factors influencing, the fulfilment of commitments. Such
\nreports shall be circulated by the secretariat to all Parties to the Convention.
\nThe secretariat shall list those questions of implementation indicated in such
\nreports for further consideration by the Conference of the Parties serving as
\nthe meeting of the Parties to this Protocol.<\/p>\n
4. The Conference of the Parties serving as the meeting of the Parties to this
\nProtocol shall adopt at its first session, and review periodically thereafter,
\nguidelines for the review of implementation by expert review teams taking into
\naccount the relevant decisions of the Conference of the Parties.<\/p>\n
5. The Conference of the Parties serving as the meeting of the Parties to thisProtocol shall, with the assistance of the Subsidiary Body for Implementation
\nand, as appropriate, the Subsidiary Body for Scientific and Technological
\nAdvice, consider:<\/p>\n
(a) The information submitted by the Parties under Article 7 and the reports
\nof the expert reviews thereon conducted under this Article; and<\/p>\n
(b) Those questions of implementation listed by the secretariat under
\nparagraph 3 above, as well as any questions raised by Parties.<\/p>\n
6. Pursuant to its consideration of the information referred to in paragraph 5
\nabove, the Conference of the Parties serving as the meeting of the Parties to
\nthis Protocol shall take decisions on any matter required for the implementation
\nof this Protocol.<\/p>\n
Article 9<\/p>\n
1. The Conference of the Parties serving as the meeting of the Parties to this
\nProtocol shall periodically review this Protocol in the light of the best
\navailable scientific information and assessments on climate change and its
\nimpacts, as well as relevant technical, social and economic information. Such
\nreviews shall be coordinated with pertinent reviews under the Convention, in
\nparticular those required by Article 4, paragraph 2(d), and Article 7, paragraph
\n2(a), of the Convention. Based on these reviews, the Conference of the Parties
\nserving as the meeting of the Parties to this Protocol shall take appropriate
\naction.<\/p>\n
2. The first review shall take place at the second session of the Conference of
\nthe Parties serving as the meeting of the Parties to this Protocol. Further
\nreviews shall take place at regular intervals and in a timely manner.<\/p>\n