Article 6
1. For the purpose of meeting its commitments under Article 3, any
Party included in
Annex I may transfer to, or acquire from, any other such Party
emission reduction units 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 emission reduction units if it is not
in compliance with its obligations under Articles 5 and 7;
and
(d) The acquisition of emission reduction units shall be
supplemental to domestic actions for the purposes of meeting
commitments under Article 3.
2. The Conference of the Parties serving as the meeting of the
Parties to this Protocol may, at its first session or as soon as
practicable thereafter, further elaborate guidelines for the
implementation of this Article, including for verification and
reporting.
3. A Party included in Annex I may authorize legal entities to
participate, under its responsibility, in actions leading to the
generation, transfer or acquisition under this Article of emission
reduction units.
4. If a question of implementation by a Party included in Annex I
of the requirements referred to in this paragraph is identified in
accordance with the relevant provisions of
Article 8, transfers and acquisitions of emission reduction units
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
commitments under Article 3 until any issue of compliance is
resolved.
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