Opportunities for Joint Implementation Projects Outside of International Agreements on Greenhouse Gas Reduction

Abstract

This volume has primarily focused on JI as a cooperative implementation of greenhouse gas (GHG) reduction policies and measures, whereby a party in one country assists a party in another country to achieve an underlying GHG reduction objective. JI projects will only come about if individual countries require mandatory reductions in GHGs by their industries as a result of international agreements. However, opportunities for JI projects could arise outside of an international agreement on GHG reductions, for example as a result of actions taken by individual states in the USA under their environmental and energy regulations. It is likely that potential sellers of GHG reduction credits in other countries are unaware of JI opportunities which may arise from actions of individual states within the USA. An understanding of such opportunities will enhance the development of a market for JI.

The views and opinions expressed in this chapter are solely those of the authors and do not necessarily state or reflect views, opinions or policies of the New York State Energy Office.