The Joint Implementation is a flexible mechanism (along with the CDM and the EU-ETS) provided by the Kyoto Protocol under Art. 6. It is a cost-efficient means of achieving the emission reduction targets. It offers to the emissions-capped countries, either industrialized or Economies In Transition (the Annex B Parties), the possibility of executing projects in other emissions-capped countries, in order to reduce the sources of carbon or to enhance the removals by sinks. With this approach, the country which implements the project earns Emission Reduction Units (ERUs), while the host Party can benefit from foreign investment and technology transfer.

Editor: Melania MICHETTI