Decision in paragraphs 135 and 137 in UNEP/OzL.Pro/ExCom/15/45

15th Meeting of the Executive Committee
December 1994
Assessment, evaluation and review of the financial mechanism

135.     The Executive Committee approved the Sub-Committee's recommendation that the following clarifications should be included in the final report [UNEP/OzL.Pro/ExCom/15/45]:

  1. The last sentence of paragraph 150 should be clarified to indicate that phase-out would proceed at the same rate as in non-Article 5 countries;
  2. At the beginning of the Executive Summary and Chapter 6, it should be emphasized that:
    1. unless otherwise noted, a 10 per cent discount rate had been used; and
    2. price forecasts used in the study represented the best available data.
  3. The Executive Summary and the Report should be expanded to specify that assumptions about the policies of the Executive Committee made for the purposes of the study did not prejudice any future decisions of the Committee.
  4. A complete list of all policy assumptions used to generate the quantitative results presented in Chapter 6 should be annexed to the Executive Summary. This list should include assumptions about the role of banking and essential use exemptions in the construction of the ODS emissions forecasts for non-Article 5 countries and the discounting of production phase-out costs.
  5. The basis of the estimate for production phase-out costs presented in paragraph 39 of the report should be explained.
  6. The report should emphasize that the quantitative results generated by the study did not reflect the amount of funds committed to the Fund to date nor the amounts approved by the Executive Committee and their resulting ODS reductions.
  7. The presentation in ES-9 should be clarified to specify the year of the peak concentrations and the year in which the concentration returned to 2 ppb.
  8. The study should indicate that the feasibility of each phase-out scenario was contingent upon the indicated level of resources from the Multilateral Fund being available and a statement should be included regarding the historic level of contributions received.
  9. The terms of reference should be annexed to the report and the document numbers of the Sub-Committee reports referred to in the body of the report of the consultant should be included.
  10. Technology transfer resulting from bilateral contributions should be mentioned in the report.
  11. The language in paragraph 146 should be amended to indicate that "typical" rather than "average" values had been used in the construction of model project cost estimates.
  12. The report should clarify that ODS-use growth rates used in the model analysis were applicable to target-driven segments and not to accelerated segments.
  13. Section 3.4.3.5 should clarify that technology penetration included the amount of time to needed to implement the project on the shop floor.

137.  The Executive Committee authorized the Secretariat to transmit the document to the Ozone Secretariat.