JI finally accredits first third party verifier
The Kyoto Protocol's Joint Implementation (JI) mechanism has accredited its first third party verifier, TÜV SÜD Industrie Service, almost ten years after the UN-backed carbon offsetting mechanism was first agreed upon.
The JI scheme operates in a similar way to the Clean Development Mechanism (CDM), allowing those in developed countries to invest in emissions reduction projects overseas to gain carbon credits.
But whereas the CDM is aimed at driving investment to projects in developing countries, JI projects can be undertaken in any developed country, classified as Annex I. The bulk of JI projects so far have been located in emerging economies, such as Russia and the Ukraine.
TÜV SÜD will be responsible for
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