Joint Implementation (JI) is one of the flexible mechanisms under the Kyoto Protocol (Article 6). It is an instrument for reducting greenhouse gas (GHG) emissions through cooperation between two developed countries (Annex I Parties to the United Nations Framework Convention on Climate Change, UNFCCC). It allows Annex I Parties to acquire carbon credits (Emission Reduction Units, ERUs) by financing emission reduction or carbon removal projects in another Annex I country, most likely an economy in transition. ERUs can be used by Annex I countries to meet their emission targets specified in the Kyoto Protocol, and they can be traded in emission trading schemes like the EU ETS.
For more information visit www.unfccc.int