Twenty four GHG inventory reviews and 18 in depth reviews of national communications are scheduled.

The CGE discussed the outcomes of the hands on training workshop on GHG inventories held in China, and recommended the following to improve future GHG inventory workshops

Annex I Parties are required to submit a national GHG inventory by 15 April of each year.

Lead reviewers also discussed technical issues that have arisen in the review of GHG inventories, including review of a GHG inventory that is a compiled from different national inventories, and the assessment of the choice of methods used in the preparation of an inventory estimate.

Provision of greenhouse gas inventory information for the Conference of the Parties The foundation for the UNFCCC inventory review process is the GHG information system (GHGIS), which comprises a database and related software tools developed by the secretariat to import, quality control, process, store, analyse and facilitate the review and the publication of GHG inventory information provided by Parties.

In addition to the GHG inventory review activities funded from the core budget, others are supported by voluntary contributions to supplementary funds.

In addition, two representatives of the Intergovernmental Panel on Climate Change (IPCC) GHG inventory technical support unit attended the meeting as observers.

The development of software to facilitate inventory submissions by Annex I Parties, and the related restructuring and enhancement of the GHG database, were delayed.

Record of progress and review of the pilot activity A yearly inventory could be prepared to keep track of the GHG emissions of COP and subsidiary body sessions, taking into account existing guidelines and standards for preparing GHG inventories for organizations.

It intends to use common information systems and management procedures for the national communications and GHG inventory review processes in an integrated and coordinated way.

A thorough review of the Party's GHG inventory and national inventory system will be a key element of this review, as a basis for the calculation of each Party's assigned amount under Article 3.7 (see section D below).

At present, Annex I Parties are moving towards using a new inventory reporting software (the common reporting format (CRF) reporter), developed by the secretariat to facilitate the submission of GHG inventory data in accordance with previously adopted guidelines and requirements.

As indicated by the representative of UNDP at the third meeting of the CGE, the manual on managing the greenhouse gas (GHG) inventory process was shared with the CGE members for comments.

The meeting addressed both procedural and technical issues relating to the annual review of GHG inventories of Annex I Parties, including the experiences in the review of the inventory of the European Community.

Use by all Annex I Parties of the CRF Reporter for 2006 and future inventory submissions will facilitate the handling of data by the secretariat and greatly enhance the reliability of GHG information.

Scope of the note This document provides information of the activities of the secretariat relating to GHG inventory reviews undertaken during the period March 2004 to July 2005 and planned for the remainder of 2005.

Developing and maintaining the GHG information system

Greenhouse gas (GHG) accounting can calculate direct or indirect GHG emissions, which may be used for internal reporting or enterprise carbon accounting.

Therefore GHG emissions from this subsector will grow.

Resources for supporting the review of GHG inventories

Individual inventory reviews

Inventory of weapons

Expert review teams During individual inventory reviews, international teams of inventory experts examine the data, methodologies and procedures used in preparing the national inventory.

They also present potential co benefits for GHG abatement.

Inventory preparation As part of its inventory preparation, each Party included in Annex I shall

Inventory Control (FS 5)

The inventory review resources listed in appendix I provide recommended approaches and tools for clustering inventory data.

A need was expressed for equipment for monitoring GHG and climate.

Inventory and equipment acquisition financing

Making and disseminating an inventory of

Inventory and receivable revolving loan financing

8 For the purpose of these guidelines for national systems, the inventory development process encompasses inventory planning, preparation and management.

The annual inventory, including the national inventory report and the common reporting format (CRF) Supplementary information under Article 7, paragraph 1, incorporated in the Party's national inventory according to section I.D, greenhouse gas inventory information, of the guidelines for the preparation of the information required under Article 7.

They believe that these measures will result in reduction of growth of GHG emissions.

A range of other measures clearly delivers sustainable development as well as GHG benefits.

If an average inventory parameter from a cluster of countries is used, expert review teams should follow the recommended approaches and tools for clustering of inventory data as included in the inventory review resources listed in appendix I.

If an average inventory parameter from a cluster of countries is used, expert review teams should follow the recommended approaches and tools for clustering of inventory data as included in the inventory review resources listed in appendix I.

All 36 inventory review reports were completed on time, or within one week of the due dates established in the inventory review guidelines.

A second inventory will take place in 2006.

Choice of emission factors or other inventory parameters

Choice of emission factors or other inventory parameters

Inventory may also cause significant tax expenses, depending on particular countries' laws regarding depreciation of inventory, as in Thor Power Tool Company v. Commissioner.

Table 1 Inventory review experts in 2004 by nominating Party Other inventory review procedures In accordance with decision 12 CP.9 the secretariat developed procedures to implement the code of practice for the treatment of confidential information during the inventory review.

However, a buyer of inventory, who buys encumbered inventory in the ordinary course of business of the seller (and anyone whose rights to the encumbered inventory derive from that buyer), takes free of a security right that is effective against third parties in that inventory, even if such buyer has knowledge of the existence of the security right.

We have selected three widely discussed methods of allocating GHG emission quotas to different countries