Updated: Light at the end of the tunnel for Russian JI

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 developing countries by can generate Certified Emission Reductions (CERs).

Despite being one of the

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