Allowances from this set aside shall be cancelled in case of transfers of ERUs under JI projects. Thus, the indirect double counting shall be avoided. This quantity is a sum of the following elements:
Approved joint implementation projects: the total quantity of ERU with indirect effect determined in the validated project documents (production of electric energy from RES, cogeneration and reduction of electricity consumption of)
Supported JI projects with indirect effect: 90% of the quantity of requested ERU
Limit for new JI projects with indirect effect: the limit has been defined by the Government as an admissible amount of ERUs for these types of projects.
The adopted targets for RES and for cogeneration are 11% and 18%, respectively. Only half of the introduced production of electric energy from RES and cogeneration will be achieved through new JI projects. The estimate is that the new capacities for achieving those targets will increase from 20% to 100% in the period 2007–2010. The forecast for the final electricity consumption includes 2% consumption reduction under new JI projects that increases through the years from 40% to 100%. Under these assumptions, the allowances set aside (the limits) are determined for such types of projects with indirect effect - Table 23. After those limits are reached, the support and the approval for such projects shall cease. The allowances for cogeneration and RES are on the expense of sector “Electric Power”.