Joint Implementation

Abstract

The Framework Convention on Climate Change (FCCC) and the Second Sulphur Protocol (SSP)1 are both emission reduction agreements that allow countries jointly to implement emission reduction projects or policies. Joint implementation involves changing the location at which emission reduction is undertaken. Countries or companies are allowed to undertake emission reduction abroad or in other companies’ jurisdictions, where emission reduction is less expensive, rather than at horne, where it is more expensive: low cost emission reduction is undertaken instead of high cost emission reduction. In another sense the gain comes from putting of high cost emission reduction that would have been undertaken today until later, and by undertaking in its place low cost emission reduction brought forward from the future.KeywordsEmission ReductionInventory AnalysisMarginal Abatement CostEmission TargetJoint ImplementationThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.