Decision 58/7

Following the discussion, the Executive Committee decided:

1. To take note of the desk study on the evaluation of chiller projects as presented in document UNEP/OzL.Pro/ExCom/58/9;
2. To urge the bilateral and implementing agencies to accelerate implementation of the current chiller projects with co-funding modalities and to provide a progress report to the 59^th Meeting of the Executive Committee, as requested by decision 47/26(f);
3. To encourage bilateral and implementing agencies to continue in their efforts to explore the applicability of carbon market instruments and other forms of co-financing, as appropriate, for the replacement of HCFC equipment, particularly chiller equipment; and
4. To urge the bilateral and implementing agencies, for any activities related to chiller conversions they might undertake in the context of HCFC phase-out management plans, to complete a thorough analysis of the technical, economic, financial, co-funding and environmental issues associated with the replacement, and to demonstrate the economic viability and long-term sustainability prior to submitting a request for approval.