ABSTRACT
See also: dangerous climate change, global warming potentials, greenhouse gas inventories, Kyoto Protocol, United Nations Framework Convention on Climate Change (UNFCCC).
Notes
Further reading
Joint Implementation (JI) is one of the three flexibility mechanisms defined by the Kyoto Protocol.1 The other two flexible mechanisms are the Clean Development Mechanism (CDM) and International Emissions Trading. JI, like the CDM, is a project-based “baseline and credit” emissions trading mechanism and shares many other similarities with the CDM including that the number of credits a JI project generates is calculated as the baseline emissions (those that would have occurred in the absence of the project) minus the project emissions (see emissions trading). In contrast to CDM, JI involves trading credits between Annex I Parties (countries with emission targets under the Kyoto Protocol), rather than between Annex I and nonAnnex I Parties (developing countries without targets under the Kyoto Protocol).
