The Twenty-first Meeting of the Executive Committee, having heard the report of the Subgroup on the Production Sector (UNEP/OzL.Pro/ExCom/21/29 and Corr.1), presented by the representative of Australia, facilitator of the Subgroup, decided :
(a) to take note of the report;
(b) to welcome the progress made and to encourage the Subgroup to continue its work;
(c) to request the Secretariat to undertake the following actions:
(i) bring together a consultant and a core group of the following four members of the Expert Group: Messrs. Mike Harris, Tony Vogelsberg, Ravi K. Sinha and Jianan Jiang. The Secretariat will select an appropriate consultant who will work under the supervision of the Secretariat and who will consult, if necessary, with the core group. The consultant working with the core group will prepare a questionnaire based on the report of the 3rd and 4th Meetings of the Expert Group (UNEP/OzL.Pro/ExCom/21/29 and Corr.1). The questionnaire will be designed to enable three volunteer firms to provide data that would allow for an understanding of the approximate financial implications of the methodology recommended by the Expert Group in respect of these firms. The consultant will submit the raw data and its draft report directly to the core group and the Subgroup. The consultant may or may not, at its discretion, modify the draft report in accordance with any written comments that may be received from the core group. The final report of the consultant should be submitted directly to the Subgroup and the core group by the end of April 1997. The comments of the core group on the draft and final reports will be submitted to the Subgroup in a separate document. The consultant will also make a presentation directly to the Subgroup when it meets prior to the Twenty-second Meeting of the Executive Committee;
(ii) request the consultant to assist the volunteer firms in understanding the questionnaire so that the data obtained from the three firms would be as reasonable as possible. Such assistance could, if deemed essential, involve a mission to the country concerned by the consultant;
(iii) request the consultant to prepare a spreadsheet designed in consultation with the core group incorporating the main parameters included in the recommendations of the 3rd and 4th Meetings of the Expert Group, so that interested parties could test the sensitivity of the overall levels of funding to changes in those parameters. These parameters should include, inter alia, assumed profit margins, discount rates to be used in calculating the net present value of the profits forgone, inflation rates, projected production growth rates, remaining useful life, parameters on prices and costs as included in Recommendation 8, compensation for labour displacement, etc.;
(iv) request the consultant to prepare a short paper describing the relative sensitivity of total funding requirements to changes in the different parameters with respect to the three volunteer firms. The analysis should be presented in a manner that varied the assumptions by an equal amount, both positive and negative.
(UNEP/OzL.Pro/ExCom/21/36, Decision 21/34, para. 48).
(Supporting document: UNEP/OzL.Pro/ExCom/21/29 and Corr.1).
The Twenty-second Meeting of the Executive Committee decided:
(a) to note the report of the Subgroup and its recommendation in paragraph 16 of that report;
(b) to recognize that there remained a number of complex issues which would merit further discussion by the Subgroup, with a view to resolving those issues as expeditiously as possible;
(c) to request the Subgroup to meet in September 1997 to discuss remaining issues and to review the consolidated report to be prepared by the Secretariat on the guidelines and recommendations made by the Expert Group and modified by the Subgroup and any relevant decision of the Executive Committee;
(d) to request the Secretariat to advise the Subgroup, at its meeting in September 1997, whether resources were available to permit the Subgroup to hold an additional meeting prior to December 1997.
(UNEP/OzL.Pro/ExCom/22/79/Rev.1, Decision 22/65, para. 87).
(Supporting document: UNEP/OzL.Pro/ExCom/22/68).