The JI Project Cycle

First Climate prepares all the necessary documentation and supports you in the process of obtaining national and international approvals to register your project under the Kyoto Protocol.

Track 1 or Track 2

Whether a project proceeds under Track 1 or Track 2 will depend on whether the host country satisfies the eligibility requirements for JI. We can help you determine which Track your project will be eligible for.

Project Design Document

Under Track 2, the Project Design Document (PDD) is the main document required to register your project as a JI activity. First Climate can prepare the Project Design Document according to international best-practice standards.

Host and investor country approval

First Climate will support you in obtaining formal approval for your project from the host country’s and investor country’s relevant authorities. The two Letters of Approval are prerequisites for the final designation report.

Designation

When proceeding under the Track 2 process, First Climate coordinates and oversees the designation of the Project Design Document by an independent third party- a so-called Accredited Independent Entity (AIE). First Climate can support you in selecting the most appropriate AIE (in terms of cost and timely availability).

Final designation

Under Track 2, once the AIE has finalized the designation report, it will send a request for final designation to the JI Supervisory Committee (JISC). Under Track 1, the project is required to meet host country requirements in order to receive designation. First Climate will support the final designation process and help resolve all issues, whether with the JI Supervisory Committee or the relevant national authority, to get your project registered.

Monitoring

When the project is operational, the previously estimated emission reductions have to be monitored. To facilitate this process, First Climate can make site visits and provide expert knowledge, as required. The monitoring data must be compiled in an annual monitoring report.

Verification

Under Track 2, the emission reductions achieved by the project must be verified by an Accredited Independent Entity. The AIE verifies the emission reductions on the basis of the monitoring report. Track 1 will require a similar process. First Climate can provide expert support throughout the verification process.

Issuance of carbon credits

Once the designation is final, the Emission Reductions Units (ERUs) will be transferred from the host country registry to the project owner’s account. If Track 2 is applied, a registration fee has to be paid.