icelandsinitialreportunderthekyotoprotocol.doc

Iceland’s Initial Report under the Kyoto Protocol Calculation of Assigned Amount under Article 7, Paragraph 4, of the Kyoto Protocol, in accordance with Decision 13/CMP.1 Ministry for the Environment 31 December 2006 Summary The Report on Assigned Amount demonstrates that Iceland has implemented the requirements for accounting under the Kyoto Protocol and its capacity to account for emissions trading of Kyoto Protocol units through the national registry. The report adheres to the requirements as specified in Decision 13 of the first Conference of the Parties serving as the Meeting of the Parties to the Kyoto Protocol (CMP.1). The report contains a number of technical definitions, calculations and definitions required to participate in the Kyoto Protocol. These are summarized as: a complete inventory of anthropogenic emissions by source and removals by sinks of greenhouse gases (not controlled by the Montreal Protocol) for 1990 – 2004; the identification of 1990 as Iceland’s selected base year for hydrofluorocarbons, perfluorocarbons and sulphur hexafluoride; calculation of Iceland’s assigned amount as: 3 355 435 tonnes CO2 equivalent × 110% × 5 = 18 454 893 tonnes CO2 equivalent (or assigned amount units) ; decision 14/CP.7 allows Iceland to report certain industrial process carbon dioxide emissions separately and not include them in national totals, to the extent they would cause Iceland to exceed its assigned amount. The total amount that can be reported separately under this decision is set at 1.6 million tons of carbon dioxide per year; calculation of Iceland’s commitment period reserve as: 0.9 × 18 454 893 tonnes CO2 equivalent = 16 609 404 tonnes CO2 equivalent; the identification of Iceland’s selected single minimum values for use in accounting for its activities under Article 3.3: tree crown cover: 10 percent minimum land area: 0.5 hectare tree height: 2 meters; Iceland’s decision to elect only revegetation as an activity under Art