Developing a JI Project

Joint implementation (JI) is defined in Article 6 of the Kyoto Protocol and allows Annex-I countries to undertake emission reduction projects in other Annex-I countries. Each emission reduction is referred to as an emission reduction unit (ERU) and represents one tonne of CO2 equivalent. Similar to the CDM, JI offers the potential to take advantage of least cost of abatement or MAC across countries and sectors.

The JI project cycle follows a similar structure to the CDM cycle but is more streamlined with project eligibility and approval process. Under JI, all CDM methodologies are entitled to calculate emission reductions in the PDD and make modifications to existing methodologies or propose new methodologies to serve

21) The 'Linking Directive' allows an operator to use a certain amount of CERs or ERUs from flexible mechanism projects in order to cover their emissions.

the needs of the project. The independent approval of project documents, referred to as validation under the CDM, is called determination and is conducted by an accredited independent entity (AIE).

)f the host Party meets all of the eligibility requirements for credit transfer under JI Track 1' procedure, the host Party is entitled to receive the appropriate quantity of ERUs if the project is deemed additional to what would otherwise have occurred.

If the host party only meets a limited set of eligibility requirements, verification is done through the verification of procedure under the Joint Implementation Supervisory Committee (JISC) under what is referred to as a 'Track 2' procedure. Under this procedure, an independent entity accredited by the JISC has to determine whether all of the requirements have been met in advance of issuing ERUs to the host party.

Similar to the CDM, verification is conducted by an accredited third party referred to as an AIE, and written certification is provided and used to demonstrate that emission reductions were achieved in accordance to the rules governing JI procedures. ERUs are issued by the host country rather than by the CDM executive board.

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