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| Home » Carbon management » Joint Implementation (JI) |
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Joint Implementation (JI) |
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Joint Implementation (JI) can be referred as a mechanism, which is defined in Article 6 of the Kyoto Protocol that allows any country to earn emission reduction units (ERUs) from any emission-reduction project.
The countries that are allowed under Joint Implementation (JI) are committed to emission reduction or limitation projects of Kyoto Protocol also known as Annex B Party. The countries can earn emission reduction units (ERUs) only from that emission removal project that are used in any other Annex B Party. The trading is equivalent to one tonne of CO2, which has been the Kyoto target. Joint Implementation (JI) intends to offer flexible and cost-efficient means to satisfy a part of Kyoto commitments. The party that which trades its emission removal project gets benefited from foreign investment and technology shift.
Joint Implementation (JI) project provides a decrease in emissions of carbon gases. The projects under taken by Joint Implementation have to be approved by the host Party and the participants have to be certified by the party in order to involve in the project. It is known that projects starting from the year 2000 can be eligible for JI projects if they meet the appropriate requirements. The issue of ERUs can take place for a crediting period that will initiate after the beginning of 2008.
Issuing of emission reduction units (ERUs) to the participants of Joint Implementation projects are usually done by following two major procedures. If any participating party meets up to all the requirements to transfer or acquire ERUs, then that party may want to verify the amount of emission reductions from a JI project. After verification, the party can issue appropriate quantity of ERUs. Thus, this procedure is known as the “Track 1” procedure.”
Again it may happen that a host party does not meet up to all the eligibility requirements of verification of emission reductions. Then the verification procedure has to be done through Joint Implementation Supervisory Committee (JISC), which is known as “Track 2” procedure.
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