B. [Existing mechanisms
Joint implementation
Option 1 (paragraph 10):
10. The Parties shall, by [20xx], revise guidelines for the implementation of JI, including for improving its effectiveness and efficiency by extending its timing, guaranteeing its environmental integrity and preparing for new participants.
Option 2 (paragraphs 11-14):
11. For the purpose of meeting its QELRC, any developed country Party may transfer to, or acquire from, any other such Party ERUs 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 ERUs if it is not in compliance with its obligations under the modalities and procedures relating to methodological issues and inventory and information.
12. A developed country Party may authorize legal entities to participate, under its responsibility, in actions leading to the generation, transfer or acquisition of ERUs under paragraphs 11-14.
13. If a question of implementation by a developed country Party of the requirements referred to in paragraphs 11-14 is identified in accordance with the relevant modalities and procedures relating to reviews of information, transfers and acquisitions of ERUs 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 QELRC until any issue of compliance is resolved.
14. The [supreme body] shall, at its first session or as soon as is practicable thereafter, decide upon guidelines for the implementation of paragraphs 11-13 above, including for verification and reporting, taking into account the characteristics of the scheme.
