Joint Implementation (JI) is a project-based mechanism of Kyoto Protocol, which can be reciprocally used by industrialized countries to reduce emissions of greenhouse gases.
The emissions credits generated from those climate activities can be deployed by participating parties in order to comply with their emission reduction targets or can be retailed to other industrialized countries.
At the same time the aim of the JI projects is to deliver sustainable development and to supply innovative technological solutions to industrialized countries. JI projects are allowed to be registered for the first time from 2008.
The mechanism comprises two objectives, namely the generation of tradable emission credits (so-called Emission Reduction Units – ERUs), which provide in return revenue streams and transfer of environmentally friendly technologies.