19 November 2009: The UNFCCC Secretariat has released the annual report of the Joint Implementation Supervisory Committee (JISC) to the Conference of the Parties serving as the Meeting of the Parties to the Kyoto Protocol (FCCC/KP/CMP/2009/18 (Part I)), which covers joint implementation activities during the period from 13 September 2008-23 October 2009, the closing date of the eighteenth meeting of the JISC.

During this period, the JISC held six meetings and one round-table consultation with stakeholders. In addition, the Secretariat organized a technical workshop on joint implementation (JI), to which it invited a wide range of stakeholders. The report includes: recommended action to be taken by the COP/MOP at its fifth session; references to the work undertaken by the JISC during the reporting period; highlights on the areas of governance, management and resources, which are critical to ensuring the efficient, cost-effective and transparent functioning of the JISC; and an update on the status of the Track 2 procedure. Furthermore, in the JI management plan for 2010-2011, the JISC notes that while it has reduced the annual budget compared with 2009, the work on JI for the biennium 2010-2011 will have to rely almost entirely on voluntary contributions by parties, and reiterates the urgent need for adequate and predictable resources to implement its activities. [The Report]