The aim of the present study is to point out to the flaws in the current mechanism based on the available experience with JI and propose possible solutions how the system could be reformed in order to stimulate the implementation of efficient GHG emission reduction measures that would not take place in the absence of JI.

EU’s 2040 credit line risks bankrupting the climate
The inclusion of flawed carbon credits in any compliance or voluntary market – particularly within the EU’s 2040 climate architecture – would pose a serious risk to environmental integrity. If the EU allows these credits to count towards its legally binding climate targets, it will effectively undermine real domestic mitigation by replacing it with credits that exist only on paper.