What is Joint Implementation ?
The Joint Implementation (JI) is a mechanism that allows emission reduction (or emission removal) projects in developed countries listed in Appendix I to the UNFCCC to generate Emission Reduction Units (ERU), each equivalent to one tonne of CO2. These ERUs can be traded and sold, and used by industrialized countries to meet a part of their emission reduction targets under the Kyoto Protocol.
Similar to the CDM, the JI project must provide a reduction in emissions by sources, or an enhancement of removals by sinks, that is additional to what would otherwise have occurred. All project specific information has to be provided in the PDD or any accepted by the host Party document.
In order to develop a project under the JI, the project must have approval of the host Party and participants have to be authorized to participate by a Party involved in the project.
The determination of the project is done either by the host Party procedure ("track 1"), if the host Party meets eligibility criteria, or by the JI Supervisory Committee ("track 2"), if the host Party misses eligibility criteria or the project participant choses this procedure.
Currently ERUs may be issued for emission reductions achieved during crediting period 2008-2012. However, the crediting period can extend beyond 2012 subject to the approval by the host Party.
You can find more information about the JI on the UNFCCC website.
To get more information about examples of this kind of projects please check where Green Projects have gained experience.
