Carbon Market Watch

For fair and effective climate protection.

Joint Implementation (JI)

The CDM is the largest (but not the only) offsetting mechanism. Under the UNFCCC, there is the CDM’s little brother, Joint Implementation (JI), which works in a very similar way to the CDM but is for offset projects in developed (Annex 1) countries. There are two types of JI projects:

  • Track 1 projects are approved and the credits are issued by host countries themselves
  • Track 2 projects are approved by the Joint Implementation Supervisory Committee (JISC), an international body, much like the CDM Executive Board.

JI has much fewer projects but has nevertheless been marred by a lack of transparency and a glut of credits with very questionable environmental integrity. About one third of Kyoto offsets come from JI projects. 95% of those are from track 1 projects. For projects that are implemented under JI Track 1 there is little international oversight and countries can approve projects and issue as many credits as they want. There has been an exponential growth in issuance of JI Track 1 credits from Russia and Ukraine. This is troubling because ERUs are shadowed by AAUs. In other words, countries with large AAU surplus (such as Russia and Ukraine) can use the JI for “hot-air laundering.” This not only undermines environmental integrity but also threatens the viability of carbon markets.

Download the CAN submission on Joint Implementation from April 2012

* Most Recent Carbon Market Watch Publications on Joint Implementation (JI) *

Carbon Market Watch Publications on Joint Implementation (JI)

Watch This! Articles:

Carbon Market Watch Newsroom:

Carbon Market Watch Newsroom:

Carbon Market Watch Workshops:

Carbon Market Watch Newsroom:

Carbon Market Watch Policy Events:

Carbon Market Watch Workshops:

CDM project-specific letters to buyers and investors:

Reports & Studies:

Submissions on Policy Issues to UNFCCC:

Press Statements:

Submissions on Policy Issues to UNFCCC:

Publications by Others:

Reports & Studies:

Reports & Studies:

Submissions on Policy Issues to European Union:

Submissions on Policy Issues to UNFCCC:

Watch This! Articles:

Watch This! Articles:

Watch This! Articles:

Reports & Studies:

Carbon Market Watch Newsroom: