Decision 79/45

In relation to criteria for considering stand-alone investment projects pursuant to decision 78/3(g), the Executive Committee decided:

1. To reiterate decision 78/3(g) and to consider proposals for HFC-related stand-alone investment projects based on the following criteria:
   1. That the submitted projects would be considered on a case-by-case basis, should be in individual enterprises deciding to convert to mature technologies, should have broad replicability to the country or region or sector, and should take into account geographic distribution;
   2. That projects must be fully implemented by no more than two years from the time of their approval, that the relevant project completion reports should be comprehensive with detailed information on the eligible incremental capital costs, incremental operating costs, any possible savings incurred during the conversion and relevant factors that facilitated implementation, and that any remaining funds would be returned to the Multilateral Fund no later than one year after the date of project completion as per the project proposals;
2. That potential projects should be included in the bilateral and implementing agencies’ 2018 to 2020 business plans for submission at the 80^th meeting or subsequent business plans, as appropriate;
3. To consider further stand-alone investment projects on a rolling basis after the first meeting in 2019; and
4. That any proposal submitted and approved for funding at the 80^th meeting would be funded, to the extent possible, from additional voluntary contributions provided by non-Article 5 Parties, after giving priority to enabling activities.