¥International Emissions Trading (IET)
¥ Trading of assigned amount units (AAUs) amount
¥ Annex B countries
¥Joint Implementation (JI) Jointly agreed project investments by one Annex 1 country in another,
leading to emission reductions.
Emissions savings (in ERUs) credited to investing country, debited against host
country
¥Clean Development Mechanism (CDM) Jointly
agreed project investments
by Annex 1 countries in non-Annex (developing) countries. Resulting emissions savings classified as certified emission
reductions (CERs) , investing
country can use to offset against Kyoto commitments.
¥Marrakech Accords 2001
–Track 1 projects - host country approves
–Track 2 projects - evaluated by independent organization