PPT Slide
Joint Implementation / Clean Development Mechanism
- creation of a ‘clean development mechanism’, in which climate-related projects in developing countries are funded by developed countries
- developed country funders of “joint implementation” activities can apply the resulting emission reduction units to their own targets
- a share of the proceeds of such projects to be applied to administrative costs and adaptation costs of developing countries
Notes:
‘clean development mechanism’, e.g., a fund such as the Global Environmental Facility (GEF), under the control of the COP, links joint implementation projects with the tradable emissions system