Definition of joint Implementation

Similar mechanism to the Clean Development Mechanism (CDM), but involving carbon reduction projects in former eastern bloc countries, such as Russia. Instead of CERs (Certified Emission Reductions), projects are awarded AAUs (Assigned Amount Units). These refer to the amount of greenhouse gas eastern bloc countries were allowed to emit under the Kyoto Protocol. As the treaty takes its baseline year as 1990, before the collapse of the Soviet Union caused widespread industrial disruption, most of these countries have Kyoto targets that allow them to increase their carbon emissions substantially, but still sell any shortfall in the form of AAUs. These credits are sometimes known as “hot air” because they do not result in carbon emission reductions.  [1]

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