Updated: Light at the end of the tunnel for Russian JI
The Russian government is discussing an important step towards clarifying regulatory procedures for JI projects, according to market participants.
Joint Implementation is a mechanism devised under the Kyoto Protocol, which allows Annex I (industrialised) countries to work together on a carbon reduction project and earn Emission Reduction Units (ERUs) to trade on the global carbon market. So far the mechanism has been overshadowed by the success of the Clean Development Mechanism (CDM), whereby projects initiated by Annex I countries in
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