joint implementation
Quick Summary
Joint implementation (JI) is an international agreement mechanism that allows countries with greenhouse gas emission reduction commitments to earn emission-reduction units. These units can be sold to countries that need to meet their emission reduction targets. Essentially, one country can invest in an emission reduction project in another country and receive credit for that reduction.1
This mechanism, established under the Kyoto Protocol, aims to achieve emission reductions cost-effectively by allowing them to occur where it is less expensive. Projects under JI typically involve renewable energy, energy efficiency improvements, or the destruction of industrial greenhouse gases. A key principle is that the emission reductions must be "additional," meaning they would not have occurred without the offset project.1
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