JI: Life after 2012?

As the United Nations Climate Change Conference in Copenhagen (COP-15) looms, one of the hot topics for debate will be which of the various carbon market mechanisms will survive a new global climate change agreement. The biggest question mark hangs over the future of Joint Implementation (JI) schemes.

There are currently two carbon market mechanisms under the Kyoto Protocol, which allow signatories to invest in emissions reduction projects outside their own country and generate carbon credits to