The UN's Joint Implementation (JI) scheme is a sister carbon offsetting initiative to the Clean Development Mechanism (CDM), which allows emission reduction projects in industrialised countries to issue carbon credits.
The JI is set out in Article 6 of the Kyoto Protocol and indicates that industrialised nations can invest in Joint Implementation projects to reduce emissions in other industrialised countries as an alternative to undertaking more expensive action at home.
CO2 savings generated from such JI Projects are translated into carbon credits that can be sold to other countries. The credits can then be used to contribute towards domestic carbon targets imposed through the Kyoto Protocol or traded on the carbon market.
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