joint implementation
international agreement mechanism
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carbon offset process and Kyoto Protocol
- In carbon offset: Carbon-offsetting process
…offsets through a mechanism called joint implementation (JI), where one party develops an emission-reduction or emission-removal project in another country where emissions are limited. Parties can also obtain offsets through the Clean Development Mechanism (CDM) for projects in developing countries, where emissions are not otherwise limited.
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environmental policy
- In environmental policy: Global policy agreements
Joint implementation, the first mechanism, allowed countries to invest in lowering emissions in other countries that had ratified the Kyoto Protocol and, thus, had a reduction target to meet. For industrialized, developed countries that had already invested in emission reductions in their own economies, it…
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