Tag: Emissions trading

Kyoto Protocol

The Kyoto Protocol is an international treaty from 1997. It is connected to the United Nations Framework Convention on Climate Change (UNFCCC). It has in essence been replaced by the Paris Agreement, agreed at COP21 in December 2015. The Kyoto Protocol set more concrete targets for reducing emissions than the convention does. The targets were however far …

7 years ago

Joint Implementation – JI

Shaturskaya Thermal Power Plant in Russia gets more efficient technology through Joint Implementation. Source: 10 highlighted JI projects by UNFCCC

Joint Implementation, often shortened JI, is a function of the Kyoto Protocol. It is called a flexible mechanism since it allows countries to buy and sell emissions to and from each other. Joint Implementation is to a large extent outdated. In its place a “New Market Mechanism” (NMM) under the Paris Agreement could come, but that …