Joint implementation is a flexibility mechanism under the Kyoto Protocol. It allows industrialised countries to meet part of their required cuts in greenhouse gas emissions by paying for projects that reduce emissions in other industrialised countries. This means that countries, or companies within those countries, can find the least-cost method for meeting their emission targets.
Joint implementation also helps countries to work together by jointly implementing initiatives that will reduce overall greenhouse gas emissions.
In New Zealand, all Projects to Reduce Emissions (PRE) are eligible to become Joint Implementation (JI) initiatives. This means that PRE project owners can sell the emission units they ‘earn’ through the JI mechanism.
At this stage the New Zealand Government is not planning to introduce any further programmes that would fulfil JI.
The JI mechanism is arranged into two verification systems: Track 1 and Track 2.
Under Track 1, a country that meets all of the United Nations Framework Convention on Climate Change’s (UNFCCC) JI eligibility criteria can verify its own JI projects and issue tradable emission units.
Under Track 2, each JI project is subject to verification procedures through the UNFCCC because the country is unable to meet all of the eligibility criteria. This approach can be lengthy and costly.
New Zealand has adopted the Track 1 JI approach for the PRE projects, however PRE project owners may at any time elect to use the Track 2 procedure.
The Ministry for the Environment is the JI “Designated Focal Point” to the UNFCCC for New Zealand and as such, is responsible for approving JI projects in New Zealand.
New Zealand’s National Guidelines and Procedures for Track 1 Joint Implementation
Notice of approval of Track One Joint Implementation Projects by the New Zealand Government
United Nations Framework Convention on Climate Change – Joint Implementation web pages
For enquiries on JI, contact New Zealand’s JI Focal Point:
Ministry for the Environment
P.O. Box 10362
Wellington
New Zealand 6143
Manager, Climate Change Regulatory Policy
Phone: +64 4 439 7400
Fax: +64 4 439 7700
Email: projects@mfe.govt.nz
Last updated: 29 August 2009