¥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