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Joint implementation allows Annex I Parties to implement projects that reduce GHG emissions, or increase removals using sinks, in other Annex I countries.
There are two possible procedures for carrying out a joint implementation project. The first may be applied if the host Party fully meets all eligibility requirements. In this situation, the host party may apply its own procedures to projects, issue ERUs and transfer them to the investing Party.
The second procedure applies if the host Party does not meet all eligibility requirements. In such cases, the number of ERUs generated by projects must be verified by an Accredited Independent Entity.
Under the second procedure, project participants prepare a project design document which is then evaluated by an AIE. The aim of the evaluation, which includes an opportunity to assess public comment, is to make sure that each project has an appropriate, transparent and conservative baseline, together with a monitoring plan to ensure that emissions and removals are accurately logged.
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