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The Contract For The Pilot Sites For The Use Of The Kyoto Mechanisms In The Baltic Sea Region Energy Projects

Original Language Title: Par Līgumu par izmēģinājumu vietu Kioto mehānismu izmantošanai Baltijas jūras reģiona enerģētikas projektos

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The Saeima has adopted and the President promulgated the following laws: The contract for the pilot sites for the use of the Kyoto mechanisms in the Baltic Sea region energy projects in article 1. The contract for the pilot sites for the use of the Kyoto mechanisms in the Baltic Sea region energy projects (hereinafter referred to as the Treaty) this law is adopted and approved. 2. article. The Ministry of Economic Affairs to coordinate the fulfilment of the obligations provided for in the Treaty. 3. article. The agreement shall enter into force for the period specified in article 14 and in order, and the Ministry of Foreign Affairs shall notify the newspaper "journal". 4. article. The law shall enter into force on the date of its promulgation. With the law put a contract in English and its translation into Latvian language. The Parliament adopted the law of 25 March 2004. State v. President Vaira Vīķe-Freiberga in Riga 2004. on 8 April, the agreement ON A TESTING GROUND FOR APPLICATION OF the Kyoto MECHANISMS ON ENERGY projects IN the BALTIC sea REGION, whereas the Governments of the countries in the Baltic Sea Region, Denmark, Estonia, Finland hereunder, Germany, Iceland, Latvia, Lithuania, Norway, Poland, Russia and Sweden, hereinafter named as the parties that have ratified the United Nations Framework Convention on climate change (UNFCCC) and have ratified or with in the process of ratifying the Kyoto Protocol, adopted by the Conference of the parties to the UNFCCC at its third session; Whereas the Minister of Energy of the Baltic Sea Region, decided in November 2002, in Vilnius it establish the Testing Ground for international cooperation in the use of flexible mechanisms, as envisaged by the "sam:" minister at their Helsinki Conference in 1999, with the objective to build capacity and competence to use the "Joint Implementation (JI) mechanism, promote the realizations of high quality projects in the energy sector generating emission reduction will to develop methods and procedures, in conformity with the rules and guidelines of the Kyoto Protocol, in addressing the collaborat administrative and financial barriers, and to minimize transaction costs, especially regarding small scale JI projects, it is facilitat generation, ensur issuance and transfer of Emission Reduction units (ERU) and Assigned amount units (AAU) related to or accruing from projects, and n it implementations that projects early and offer credit for emission reduction for prior to 2008 by appropriate means; Whereas the Nordic Environment Minister and Nordic Energy Minister in 2000 agreed to work for establishment of a Testing Ground and an investment fund in relations to the Nordic Environment Finance Corporation (FCO) confirmed their support in 2001 and, for the same purpose, the Nordic Energy Minister has decided in June 2002 to establish a Testing Ground Facility; Whereas article 6 of the Kyoto Protocol allows an Annex I Party with a commitment inscribed in that Annex B to the Kyoto Protocol to transfer to or from an other Annex acquir I Party emission reduction units resulting from projects (ERA) is aimed at reducing anthropogenic emission by sources or enhancing anthropogenic removal by sinks for the purpose of meeting its commitment under article 3 of the Protocol; Whereas article 17 of the Kyoto Protocol allows an Annex I Party with a commitment inscribed in Annex B to the Kyoto Protocol to transfer or acqilir is Assigned amount units (AAU), for the purpose of fulfilling its commitment under article 3; Noting in particular article 3.10 and 3.1 of the Kyoto Protocol on transfer and acquisition of the ERA of the accruing from the AA or the use of Joint Implementation and Emission-Trading; Further noting that the parties to the UNFCCC agreed on the principles, rules and modalit, guidelines for the Kyoto mechanisms at the Seventh Conference of the parties in Marrakech; Further noting the importanc of complying with the obligations under article 5 and 7 of the Kyoto Protocol; The parties to this agreement have agreed as follows: article I the Definition For the purpose of the present agreement: 1. "Assigned amount unit" means a unit issued in a national registry pursuan to the Kyoto Protocol and is equal to one metric tonne of carbon dioxid is equivalent; 2. "BASREC" means Baltic Sea Region Energy Cooperation; 3. "BASREC Regional Handbook on procedures for Joint Implementation in the Baltic Sea Region" means the handbook developed for BASREC to provide guidance for the implementation of JI projects under this Testing Ground agreement; 4. "Emission Reduction Unit" means a unit issued in a national registry pursuan to the Kyoto Protocol and is equal to one metric tonne of carbon dioxid is equivalent; 5. "host Party" means the country in which the project is implemented and which transfers assigned amount units and/or emission reduction units; 6. "independent Entity" means an entity accredited by the Kyoto Protocol article 6 Supervisory Committee to determin and verify whethers a JI project and the ensuing reduction in emission will meet the requirements of article 6 of the Kyoto Protocol. Until such independent Entities to have been accredited, entities accredited as operational entities to stay under article 12 of the Kyoto Protocol may, for the purpose of this agreement, fills the function of an independent Entity; 7. "the Investor Party/Parties" means the country/countries investing in the project and acquiring assigned amount units and/or emission reduction units; 8. "Joint Implementation Project" (JI project) means a project implemented jointly by an Investor Party/Parties and a host Party aimed at reducing emission of gas and have that meets all the requirements of article 6 of the Kyoto Protocol; 9. "Kyoto mechanisms" means the mechanisms established under article 6 (Joint Implementation), article 12 (Clean Development Mechanism) and article 17 (Emission Trading) of the Kyoto Protocol; 10. the "Kyoto Protocol" means the Kyoto Protocol to the United Nations Framework Convention on climate change (UNFCCC). Whenever Kyoto Protocol is referred to in this agreement, it also refer to all relevant decision is adopted under the UNFCCC and the Kyoto Protocol, in particular on the principles, rules and modalit, guidelines for the Kyoto mechanisms; 11. "Legal Entity" means any company or corporation, privately or State owned, or Government institution or State authority; 12. "Verification" means a procedure where an independent Entity or a host Party verif that reduction in emission of accruing from a JI project with additional to any that would otherwise accordanc occure with the requirements of article 6 of the Kyoto Protocol. Article 2 in the Baltic Sea Region Testing Ground the parties agree to establish a Testing Ground for the Baltic Sea Region to gain experience from the USA and facilitat of Joint Implementation (JI) under article 6 and Emission Trading (ET) under article 17 of the Kyoto Protocol and to projects generating emission reduction implementations that is prior to and during the period commencing commitment in 2008 , in order to reduce anthropogenic emission of gas have the cost-effectively. Article 3 the Objective of the Testing Ground Cooperation a) to build capacity and competence to use the Kyoto mechanisms and promote common understanding of concepts, rules and guidelines for the use of the flexible mechanisms of the Kyoto Protocol, to promote high quality realizations of projects in the energy sector generating emission reduction; (b)) to gain experience with the Joint Implementation (JI) mechanism under the Kyoto Protocol in the energy sector, especially with projects in the fields of energy saving, energy efficiency, fuel switching in combination with energy efficiency or savings, and renewable energy sources; (c) to develop methods and procedures) in conformity with the rules and guidelines of the Kyoto Protocol with a view to ensuring the environmental integrity of projects; (d)) in addressing the collaborat administrative and financial barriers and the level of transaction costs, especially regarding small-scale JI projects; e) the generation, is facilitat ensur issuance and transfer of the ERA and are related to or accruing from AA JI projects and Emission Trading and f) to implementations that projects early and offer credit for emission reduction for prior to 2008. Article 4 Participation Participation in the activities on the Testing Ground for the Baltic Sea Region is open to public and private legal entities in Baltic Sea Region States that are parties to this agreement. Article 5 Project Implementation 1. The parties encourag business, industries, energy utilities, financial institutions, regional and local authorities to take an active role in the identification and implementation of Joint Implementation projects within the framework of the Testing Ground. Such projects are to be carried out in the Baltic Sea Region. 2. In order to foster and contribute to the implementation of JI projects and to fulfill the Objective of this agreement, (a) the Testing Ground Facility (TGF) is being established. The Testing Ground Facility will serve as a financing instrument for multilaterals JI projects under this agreement. Article 6 criteria, Approval and Registration of projects All projects implemented under 1 this Agreement shall be carried out in the Baltic Sea Region and shall be approved by the Investor and the host Party Party in accordanc with the Kyoto Protocol and the relevant rules, decisions and guidelines thereunder. (A) a written approval shall be issued either by the Testing Ground Facility and the host Party or by the Investor Party/Parties and the host Party. Before a written approval is issued, project owners shall demonstrates how the proposed project will contribute to the objective of the Testing Ground. 2. The co-operation within the Testing Ground shall focus on energy-related climate change mitigation projects especially in the fields of energy saving, energy efficiency, fuel switching in combination with energy efficiency or saving and renewable energy sources. 3. The Testing Ground shall also be open to the projects implemented by legal entities in parties without financing through the TGF, under the precondition that they are compatible with this agreement and contribute to the objective of this agreement by participating in capacity building and exchange of information. After the written approval has been issued, shall be Participating projects registered with the Testing Ground Committee to be established under article 11 of this agreement. 4. It is recommended that all the projects to be implemented under this agreement to the exten to appropriate follow the guidance given in the BASREC Regional Handbook on procedures for Joint Implementation in the Baltic Sea Region developed for the Testing Ground of the Baltic Sea Region. Article 7 project Validation and Verification Emission reduction 1 generated by the projects shall be subject to verification in accordanc with the Kyoto Protocol and the relevant rules, decisions and guidelines hereunder. The verification process will entail the validation of the amount of the reduction of the emission generated by the project during a specified time period. Verification shall be carried out pursuan to the verification procedures established under the Kyoto Protocol either by an independent entity under the Supervisory Committee or by the host Party. Emission reduction generated by the projects prior to the first commitment period under the Kyoto Protocol shall be verified by an independent entity. Verification by a host Party may be conducted during the first commitment period of the Kyoto Protocol and thereafter provided that the host party meets the eligibility requirements under the Kyoto Protocol and the relevant rules, decisions and guidelines hereunder. 2. Whenever the host Party is titled to verify the emission reduction, the Investor Party/Parties may still require that emission reduction with a verified by an independent entity. The parties to this Agreement shall not the cessary undertak steps for issuance of the ERA and the òàæó to the AA verified amount of emission reduction. Article 8 Transfer af credits 1. The Parties shall ensur the timely transfer of the ERA and the accruing from the AA projects from the host Party to the Investor Party/Parties in accordanc with the Kyoto Protocol and the relevant rules, decisions and guidelines thereunder. 2. The transfer of the verified shall be those of the ERA and AA based on the written approval issued by the host Party under article 6 of this agreement. 3. The host Party shall transfer the amount of verified credits accruing from the projects to the Investor Party/Parties under article 6 of the ERA the axis of the Kyoto Protocol or under article 17 of the AA of the Kyoto Protocol. Credits from emission reduction can also be facilitated through forward sales of AA-or ER ass agreed/indicated by the project participants. Article 9 Capacity Building the parties agree to work together to build capacity and competence regarding the Kyoto mechanisms in the public and private sector it is facilitat co-operation in this field, i.e. any other. through workshops, arranging seminars and conferences. The BASREC Regional Handbook on procedures for Joint Implementation in the Baltic Sea Region has been developed as a contribution to common understanding of JI concepts, the JI project cycle and to capacity building. Article 10 Sharing experience the parties are encouraged to share information and experience of JI activities. Such information should include information relating to the JI project cycle, credit issuance and transfer of credits. Exchange of views and experience on institutional matters, methodology, administrative and financial barriers as well as transaction costs for JI projects should take place on an annual basis. Article 11 (A) the Testing Ground Committee the development of testing ground activities will be surveyed by a Testing Ground Committee to be comprised by representatives of parties with no more than two representatives appointed by each Party. The Committee will register participating projects and under the guidance of the Group of Senior Energy officials of the Baltic Sea Region Energy Cooperation appropriately contribute to capacity building, sharing of relevant experience and dissemination of information. The Committee reports on the progress, development and relevant experience and suggests proposals concerning further development of the testing ground cooperation to the Group of Senior Energy officials of the Baltic Sea Region Energy Cooperation. Article 12 dispute settlement Any dispute regarding the interpretation or application of this agreement will be resolved by consultation between the parties. At the request of the parties to the dispute, the Testing Ground Committee shall provide assistance in the settlement of the dispute. Article 13 Consent to be bound by this agreement to Consent to be bound 1. by this Agreement shall be expressed by (a) signature with the Depositary; or (b) signature subject to ratification, acceptance or approval followed by the deposit of an instrument of ratification, acceptance or approval with the Depositary; or (c) the deposit of an instrument of accession with the Depositary. 2. This agreement shall be open for signature under paragraph 1 (a) or 1 (b) by the Governments of the Kingdom of Denmark, the Republic of Estonia, the Republic of Finland, the Federal Republic of Germany, the Republic of Iceland, the Republic of Latvia, the Republic of Lithuania, the Kingdom of Norway, the Republic of Poland, the Russian Federation and the Kingdom of Sweden until December 31st 2003.3. After its entry into force This agreement shall be open for accession under paragraph 1 (c) by such Governments is mentioned in paragraph 2 which have not signed the agreement, and by such parties to the Kyoto Protocol which are accepted by the parties to this agreement at the time of accession. 4. Participation in the Testing Ground does not affec the rights of participants to enter into other agreements on the Kyoto mechanisms, nor does it affec the obligations of participants under the Kyoto protocol. Article 14 Entry into force this Agreement shall enter into force on the first day of the second month following the date on which six (6) Governments mentioned in paragraph 2 of the article 13 have expressed their consent to be bound by the agreement. For any other Government, this Agreement shall enter into force on the first day of the second month following the date on which that Government will consent to It express to be bound by the agreement. Article 15 Amendments to Any amendments or modifications to this agreement, and any additional protocol to it, shall be agreed by the consensus of the parties. The amendments, modifications or additional protocol will enter into force on the 90th day after the date on which all the parties have notified the Depositary that they have fulfilled the required by national legislation to formalit. Article 16 Evaluations, attention and determination this Agreement shall be evaluated by the parties by December 31, 2005 If the Kyoto Protocol has not entered into force by that date, the agreement shall terminate without any further notice. In the case of the Kyoto Protocol has entered into force, the agreement shall terminate as of December 31.2012. (A) A Party may withdraw from this agreement by giving written notice of the withdrawals to the Depositary. The withdrawals shall be effective one hundred twenty (120) days after receipt of the notice of withdrawals by the Depositary. Article 17 Depositary the Government of Finland is hereby designated as the Depositary. The Depositary shall fulfill its duties in accordanc with article 77 of the Vienna Convention on the Law of the adopted on 23 May 1969 Treats. Done in Gothenburg on 19 September 2003, in one original version in English. For the Kingdom of Denmark (signature) For the Republic of Estonia For the Republic of Finland (signature) For the Federal Republic of Germany (signature) For the Republic of Iceland (signature) For the Republic of Latvia (signature) For the Republic of Lithuania (signature) For the Kingdom of Norway (signature) For the Republic of Poland For the Russian Federation For the Kingdom of Sweden (signature) the agreement on the test site for the use of the Kyoto mechanisms on energy PROJECTS in the Baltic Sea in the light of Baltic Sea countries Denmark, Estonia, Finland, Germany, Iceland, Latvia, Lithuania, Norway, Poland, Russia and Sweden Government, hereinafter referred to as parties have ratified the United Nations Framework Convention on climate change (Convention) and have ratified or intend to ratify the Kyoto Protocol, which was adopted by the Conference of the parties to the Convention 3. session; Given that the Baltic Sea region energy ministers in November 2002 in Vilnius decided to cooperate internationally, creating a trial site for international cooperation in the use of the flexible mechanisms, as envisioned by those Ministers in the 1999 Helsinki Conference, with the aim to create administrative structures and to gain experience, to use the common project of the (JI) mechanism, promote high quality projects in the energy sector, creating a reduction in emissions, develop methods and procedures in accordance with the provisions of the Kyoto Protocol and guidelines , participate in administrative and financial management and reduce barriers to transaction costs, especially for small-scale JI projects, promote and ensure the emissions reduction units (ISV) and assigned amount units (AAUS), relating to or arising from JI projects, and transfer, and immediately implement the projects and offer credit for reducing the emissions of the relevant resources faster than in 2008; Given that the Nordic Environment Ministers and the Nordic Energy Ministers agreed in 2000 to run, to establish pilot sites and investment fund, which is linked to the Nordic Environmental Finance Corporation (ZVFK), affirming their support in 2001, and for the same reason, the Nordic Energy Ministers in June 2002 decided to create a Pilot unit of space (administrative body); Considering that article 6 of the Kyoto Protocol by Annex I Parties to recognise the obligations set out in Annex B to the Kyoto Protocol, transfer or obtain from the parties of annex I emission reduction units resulting from projects aimed at reducing anthropogenic emissions from sources or increase their contributions to fulfil their obligations as laid down in article 3 of the Protocol; Noting that article 17 of the Kyoto Protocol allows for the annex I Party that assumed the obligations of Annex B to the Kyoto Protocol, or get passed in size units (AAUS) to fulfil their obligations as defined in article 3 of the Protocol; Noting in particular the Kyoto Protocol 3.1 and 3.10 of the ISV and or the AAU transfers through joint projects implementation and international emission trading; Further noting that the parties agreed to the principles of the Convention, modalities, rules and guidelines for the Kyoto mechanisms, the Conference of the parties 7. Marrakesh; Still subject to the compliance of the commitments of the Kyoto Protocol and 5 the importance of article 7; The parties conclude a contract on the following: article 1 definition under this agreement: 1. "assigned amount unit" means a unit which, in accordance with the Kyoto Protocol is included in the national register and is equal to 1 metric tonne CO2 equivalent; 2. "BJRVS" stands for the Baltic Sea region energy cooperation programme; 3. "BJRVS regional Handbook on procedures for joint īstenojamaj in the Baltic Sea region" means that the Guide has been developed to ensure BJRVS JI project implementation management, for this trial site contract; 4. "emission reduction unit" means a unit which, in accordance with the Kyoto Protocol is included in the national register, and 1 corresponds to 1metrisk tonnes for the ISV CO2 equivalent; 5. "beneficiary country" means a country in which the project is implemented and which transfers assigned amount units and/or emission reduction units; 6. "organization" means an organization that is accredited by the Monitoring Committee in accordance with article 6 of the Kyoto Protocol, to determine and verify whether the JI project and resulting emissions comply with article 6 of the Kyoto Protocol. While this is not an independent entity, accredited organization accredited as a working organization in accordance with article 12 of the Kyoto Protocol, this agreement may carry out independent functions of the organisation; 7. "Investorvalst" means the country/countries which invest in the project and acquire assigned amount units and/or emission reduction units; 8. "the project to be implemented jointly" (JI project) represents Investorvalst and jointly implemented by the beneficiary country project, which aims to reduce greenhouse gas emissions and all of their corresponding to article 6 of the Kyoto Protocol; 9. "Kyoto mechanism" means the mechanism, created in accordance with article 6 of the Kyoto Protocol (joint implementation), article 12 (clean development mechanism) and article 17 (international emissions trading); 10. the "Kyoto Protocol" means the United Nations Framework Convention on climate change (the Convention) in the Kyoto Protocol. When the Kyoto Protocol apply to the contract, this applies also to the relevant decisions taken by the Convention and the Kyoto Protocol, based mainly on the principles, modalities, rules and guidelines for the Kyoto mechanisms; 11. "registered organization" means any organization or association, private or public, or Government body or public representative; 12. "verification" means a procedure in which an independent organization or Beneficiary confirms that from KĪP project emissions reduction has occurred in accordance with article 6 of the Kyoto Protocol are additional to any that would otherwise occur. 2. Article Baltic sea trials place the parties agree to establish a pilot site for the Baltic Sea region, to gain experience and promote the use of JI projects under article 6 of the Kyoto Protocol and the international emissions trading (ET) — article 17 and implement projects which generate emissions reductions prior to the commitment period and during that start in 2008, to reduce the greenhouse gas emissions of anthropogenic for less cost. Article 3 the trial of space cooperation objective a) to develop the ability and knowledge to use the Kyoto mechanisms and to promote mutual understanding on assumptions, rules and instructions of the flexible mechanisms of the Kyoto Protocol in use, promote high quality projects in the energy sector, creating the emissions reduction; b) acquire experience in energy sector on JI under the Kyoto Protocol project mechanisms, particularly projects related to energy conservation, energy efficiency, energy used in connection with the replacement of energy conservation and efficiency, and renewable energy; (c)) to develop methods and procedures in accordance with the provisions of the Kyoto Protocol and instructions with a view to ensuring the environmental integrity of projects; (d)) to participate in the administrative and financial barriers and transaction cost level management, particularly relating to small-scale JI projects; e) promote and ensure ISV and AAU, and transfer of, relating to or arising from JI projects and emissions trading, and f) to implement projects immediately and to offer credit for reducing emissions faster than in 2008. 4. point to participate in membership activities, related to the Baltic Sea trial site, can public and private companies in Baltic States which are parties to this agreement. 5. Article 1 of the implementation of the project. the parties encourage trade, industry, energy companies, financial institutions, regional and local authorities to actively participate in the identification and implementation of JI projects in the Pilot sites. The following projects are implemented in the Baltic Sea region. 2. to develop and promote the JI project implementation and the achievement of the objectives of this agreement, the site is created in the test unit (IVV). Trial site the unit shall act as a versatile financial instrument for JI projects in this agreement. Article 6 project criteria, acceptance and registration 1. All projects, implemented on the basis of this agreement, trade in the Baltic Sea region and adopt them (confirmed) Investorvalst and a beneficiary country under the Kyoto Protocol and the relevant rules, decisions and guidelines. Written confirmation is issued by either the recipient country, or Investorvalst and the IVV and the beneficiary country. Prior written approval, the project owner must prove what is the contribution of the project Pilot sites. 2. cooperation in the trial will focus on climate change mitigation projects, particularly projects related to energy conservation, energy efficiency, energy use and renewable energy. 3. test site is also available for those projects, which introduced party companies without the IVV with the premise of financing that they are consistent with this agreement and to achieve the objectives of this agreement, through capacity building and information exchange. After the written approval of extradition, the projects participating in the test site, recorded by a Committee, referred to in article 11 of this agreement. 4. All the projects implemented under this agreement, we recommend that you follow the instructions provided in the regional manual for BJRVS procedures for JI projects in the Baltic Sea region. Article 7 project approval and verification of emission reductions of 1 caused by the project, is the subject of the verification in accordance with the Kyoto Protocol and the relevant rules, decisions and guidelines. The inspection process includes approval of reduction of emissions caused by the project for a certain period of time. Check out either an independent entity under the authority of the Monitoring Committee or the beneficiary country in accordance with the testing procedures established by the Kyoto Protocol. Reduction of emissions caused by the project before the first commitment period of the Kyoto Protocol, the inspection by an independent organization. The beneficiary can perform the first check in the first commitment period under the Kyoto Protocol, provided that the beneficiary country shall fulfil the requirements laid down in the Kyoto Protocol and the relevant rules, decisions and guidelines. 2. If the beneficiary is entitled to check the emissions reduction, Investorvalst, however, may require that an independent entity verifying the emission reductions. 3. The parties to this agreement undertake to take the necessary steps to ENROLL and AAU are issued according to the reduction in emissions tested. Article 8 transfer of credit to 1. the Parties shall ensure timely ISV and AAU, originating from the beneficiary country projects, the transfer of the Investorvalst State in accordance with the Kyoto Protocol and the relevant rules, decisions and guidelines. 2. Verify the ISV and AAU transfers based on the written confirmation issued by the beneficiary country in accordance with article 6 of this agreement. 3. the beneficiary State shall transmit the approved unit the quantity resulting from projects, Investorvalst State as the ISV by article 6 of the Kyoto Protocol, or AAUS under article 17 of the Kyoto Protocol. Credits from emission reduction can contribute by ISVS and early transfer of AAUS by project participants consent/instructions. 9. Article productivity side agree to work together to raise the productivity and accumulate experiences relating to the Kyoto mechanisms in the public and private sector, to promote cooperation in this sphere, that is, the organisation of seminars, classes and conferences. BJRVS has been developed in the regional manual on procedures for JI projects in the Baltic Sea region as a contribution to the common sense of the JI project cycle concepts and projects, as well as the administrative capacity building. Article 10 Exchange of experience and support the parties to share experience and exchange of information on JI project activities. Such information should include information relating to the JI project cycle, credits and referrals. Feel and experience exchange on JI project official, methodology, administrative and financial obstacles, as well as the costs of transactions to take place annually. Article 11 Trial sites the Committee places the trial development of Trial supervised the operation of the site Committee, which consists of not more than two representatives of the parties, which means each party. The Committee recorded participation in projects run by the Baltic Sea, the Senior Energy officials of the group that submitted the contribution of productivity, share experiences and disseminate the necessary information. The Committee shall report on the progress, development and relevant experience and provides proposals for further development of pilot sites, in cooperation with the Baltic Sea region energy group of senior officials. Article 12 dispute in any dispute relating to the interpretation of this agreement will be resolved by negotiation between the parties. At the request of the parties for the settlement of disputes, the place of the trial Committee will provide assistance in resolving issues of dispute. Article 13 obligations 1. accepting the relationship with this agreement are expressed by: (a)), or (b) signature) signature, subject to ratification, acceptance or approval, by the Depository the ratification, acceptance or approval) issued by the depository access permission. 2. the contract in accordance with the first subparagraph (a) or (b) of paragraph 1 is open for signing by the Kingdom of Denmark, the Republic of Estonia, the Republic of Finland, the Federal Republic of Germany, the Republic of Iceland, the Republic of Latvia, the Republic of Lithuania, the Kingdom of Norway, the Republic of Poland, the Russian Federation and the Government of the Kingdom of Sweden to the 2003 December 31. 3. the agreement after the entry into force of the accession procedure is open in accordance with the first subparagraph, point (c), referred to in the second part, which has not signed the Treaty, the Kyoto Protocol, and the Contracting Parties which the parties accepted the agreement at the time of accession. 4. Participation in the pilot site does not affect the rights of members to conclude other agreements on the Kyoto mechanisms, nor does it affect the members ' obligations under the Kyoto Protocol. Article 14 entry into force this Agreement shall enter into force on the 1st day of the second month following the date on which six (6) Government, referred to in article 13, second subparagraph, gave their consent to be involved in this agreement. Any other Government this agreement will enter into force the day 1 of the second month after the date on which the Government has given its consent to be involved in this agreement. 15. article fixes Any of the fixes or changes and additional protocol to this agreement must be agreed by the parties and must receive their consent. Corrections, changes or additional protocols will enter into force 90. day after all parties have informed the depositary of the fulfilment of the formalities required by the law of those countries. Article 16, cancellation and commitment to this agreement, the parties will evaluate up to 31 December 2005. If the Kyoto Protocol will not come into force, this agreement will be cancelled without prior notification. If the Kyoto Protocol has entered into force, this agreement will expire on 31 December 2012. Either party may withdraw from this Agreement by giving written notice to the depositary. The contract will be considered cancelled one hundred twenty (120) days after the date on which the depositary receives a cancellation application. Article 17 depositary this the Government of Finland is designated as the depositary. The depositary shall perform their duties in accordance with the 1969 Vienna Convention of 23 May on the law of treaties, article 77. The contract is signed in a single original in the English version, signed on 29 September 2003, in Gothenburg. The Kingdom of Denmark (signature) on behalf of the Republic of Estonia (signature) on behalf of the Republic of Finland (signature) on behalf of the Federal Republic of Germany (signature) on behalf of the Republic of Iceland (signature) on behalf of the Republic of Latvia (signature) on behalf of the Republic of Lithuania (signature) on behalf of the Kingdom of Norway (signature) on behalf of the Republic of Poland, on behalf of the Russian Federation, on behalf of the Kingdom of Sweden (signature)