Crediting period

'Crediting period' has not been expressly defined for Joint Implementation (JI) projects.  However, the definition provided for projects under the Clean Development Mechanism (CDM) is as follows:

The crediting period for a CDM project activity is the period for which reductions from the baseline are verified and certified by a designated operational entity for the purpose of issuance of CERs (CDM Glossary of Terms Version 03).

Applying this definition to JI projects, the crediting period is the period during which emission reductions from the baseline are verified, either according to national guidelines (Track 1) or by an accredited independent entity (AIE) (Track 2), for the purpose of issuance of emission reduction units (ERUs) to project participants.

Crediting periods may only commence after 2008, even if the starting date of the project is earlier:

ERUs shall only be issued for a crediting period starting after the beginning of 2008 (Guidance on criteria for baseline setting and monitoring, JISC 18, Annex 2, paragraph 19).

The crediting period can only commence once the first emission reductions have been generated by the project:

The project participants shall choose the starting date of the crediting period to be on or after the date the first emission reductions or enhancements of net removals are generated by the JI project (Guidance on criteria for baseline setting and monitoring, JISC 18, Annex 2, paragraph 19).

The crediting period cannot extend beyond the project's operational lifetime:

The crediting period shall not extend beyond the operational lifetime of the project (Guidance on criteria for baseline setting and monitoring, JISC 18, Annex 2, paragraph 19).

The crediting period can continue past 2012, subject to the approval of the host Party, and the status of any ERUs generated after this time is subject to an agreement by the UNFCCC relating to the post-2012 period:

The crediting period can extend beyond 2012 subject to the approval by the host Party. The status of emission reductions or enhancements of net removals generated by JI projects after the end of the first commitment period may be determined by any relevant agreement under the UNFCCC (Guidance on criteria for baseline setting and monitoring, JISC 18, Annex 2, paragraph 19).

Related topics

ERU

What is a baseline?

Accredited independent entity

What is additionality?

Track 2 monitoring

Leakage

Project boundary

Project design document