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Overview
Type:
International
Status:
Implemented in 2008
Administering Jurisdiction or Organization:
UNFCCC
Description
The mechanism known as "joint implementation", defined in Article 6 of the Kyoto Protocol, allows a country with an emission reduction or limitation commitment under the Kyoto Protocol (Annex B Party) to earn emission reduction units (ERUs) from an emission-reduction or emission removal project in another Annex B Party, each equivalent to one tonne of CO2, which can be counted towards meeting its Kyoto target. Joint implementation offers Parties a flexible and cost-efficient means of fulfilling a part of their Kyoto commitments, while the host Party benefits from foreign investment and technology transfer.
Recent Developments
Not Specified
Relation to Compliance Carbon Pricing Instruments or other Voluntary Schemes in the country
Not Specified
Eligible Activities
No eligible activities specified for this mechanism.
Cumulative Project Registrations
No data available for this mechanism.