First JI Projects Approved Implementation of the Kyoto Protocol in Russia

Introduction

The mechanism known as "joint implementation" (JI) is established by Article 6 of the Kyoto Protocol. JI enables an Annex B country with an emission reduction commitment under the Kyoto Protocol to transfer or acquire emission reduction units (ERUs) to or from any other Annex B Party. ERUs are each equivalent to one tonne of carbon dioxide, and they may be earned from a project that removes or reduces carbon dioxide from the atmosphere.

JI is considered mutually beneficial to both the party acquiring and transferring ERUs. That is, JI is a flexible and cost effective means which assists Annex B Parties to adhere to their emission reduction commitments under the Kyoto Protocol; and is also an effective means of supporting host Parties by providing foreign investment and technology transfer.