Global initiatives to mitigate greenhouse gas emissions
- Center for Clean Air Policy, Washington, DC (United States)
Joint implementation (JI) is a provision, included in the Framework Convention on Climate Change, that allows for two or more nations to jointly plan and implement a greenhouse gas or offsetting project. Joint implementation is important environmentally for two principal reasons: (1) it provides an opportunity to select projects on a global basis that maximize both greenhouse gas reduction benefits and other environmental benefits such as air pollution reduction while minimizing cost, and (2) it creates incentives for developing countries as well as multinational companies to begin to evaluate potential investments through a climate-friendly lens. While the debate on how to establish the criteria and institutional capacity necessary to encourage joint implementation projects continues in the international community, the US government is creating new incentives for US companies to develop joint implementation pilot projects now. While delegates to the United Nations` International Negotiating Committee (INC) debate whether to permit all Parties to the convention to participate in JI, opportunities in Eastern and Central Europe and the former Soviet states abound. The US has taken a leadership role in joint implementation, establishing two complementary domestic programs that allow US companies to measure, track and score their net greenhouse gas reduction achievements now. With a financial investment by three US utilities, the Center for Clean Air Policy is developing a fuel-switching and energy efficiency project in the city of Decin in the Czech Republic which offers a concrete example of what a real-world JI project could look like. The Decin project provides an ideal test case for assessing the adequacy and potential impact of the draft criteria for the US Initiative on Joint Implementation, as well as for the draft criteria prepared by the INC Secretariat.
- OSTI ID:
- 182866
- Report Number(s):
- CONF-940426--; ISBN 0-923204-11-3
- Country of Publication:
- United States
- Language:
- English
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