Joint Implementation (JI) is one of the flexible mechanisms under the Kyoto Protocol (Article 6). It is an instrument for reducing 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 facilitating emission reduction or carbon removal projects in another Annex I country. ERUs can be used by Annex I countries to meet their emission targets specified in the Kyoto Protocol, and they can be traded on the international carbon market and in emission trading schemes like the EU ETS.
For more information visit www.unfccc.int