Joint Implementation and Clean Development Mechanism
Clean Development Mechanism (CDM), is recognised through the Kyoto Protocol, allowing the offset of emissions in developed countries by the investment in emission reduction projects in developing countries like China, India or Latin America.
Joint Implementation (JI), is another mechanism, allowing investments in developed countries to generate emission credit for the same or another developed country.
Read more about this topic: Carbon Finance
Famous quotes containing the words joint, clean, development and/or mechanism:
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—Wesley Strick, U.S. screenwriter, and Martin Scorsese. Max Cady (Robert DeNiro)
“By the roadside a hideous carrion, quivering
On a clean bed of pebbly clay,
Her legs flexed in the air like a courtesan,
Burning and sweating venomously,
Calmly exposed its belly, ironic and wan,
Clamorous with foul ecstasy.”
—Allen Tate (1899–1979)
“On fields all drenched with blood he made his record in war, abstained from lawless violence when left on the plantation, and received his freedom in peace with moderation. But he holds in this Republic the position of an alien race among a people impatient of a rival. And in the eyes of some it seems that no valor redeems him, no social advancement nor individual development wipes off the ban which clings to him.”
—Frances Ellen Watkins Harper (1825–1911)
“The law isn’t justice. It’s a very imperfect mechanism. If you press exactly the right buttons and are also lucky, justice may show up in the answer. A mechanism is all the law was ever intended to be.”
—Raymond Chandler (1888–1959)