Joint Implementation

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Joint implementation (JI), created by the Kyoto Treaty, is a mechanism for the transfer of emissions permits from one country to another within the emissions markets. JI generates emissions reduction units (ERUs) on the basis of emission reduction projects leading to quantifiable emissions reductions.[1] Such emission reduction units can then be traded on carbon markets such as the European Union Emission Trading Scheme(EUETS).[2]

Currently, the main JI projects come from Russia and Ukraine, as well as other Eastern European countries.

Resources

References

  1. Glossary. TZ1.
  2. Eu ETS:European Union Emission Trading Scheme. Agcert.