The Joint Implementation offsetting mechanism: deeply flawed, time to consign it to history

Carbon Market Watch asserts that the Joint Implementation (JI) mechanism is plagued by transparency and quality problems, particularly within 'Track 1' projects. The author argues that the mechanism fails to produce genuine emission reductions and that proposed reforms are insufficient, suggesting the scheme be consigned to history after 2020.

• The Joint Implementation (JI) mechanism is characterized by severe quality problems and a lack of genuine emission reductions, with proposed new rules failing to address these flaws.
• Track 1 projects, which account for 97% of all issued JI credits, have historically lacked transparency and international oversight; the proposed unified track for JI continues to mirror these flawed processes.
• The requirement to cancel Kyoto allowances (AAUs) to avoid double counting does not resolve additionality concerns, as Russia and Ukraine—which issued over 90% of credits—possess large AAU surpluses ('hot air') that incentivize the inflation of stated emission cuts.
• Efforts to eliminate the AAU surplus at the 2012 Doha negotiations were unsuccessful, as the surplus remains and parties with large surpluses have blocked further progress.

APA

CMW (2014). The Joint Implementation offsetting mechanism: deeply flawed, time to consign it to history. Carbon Market Watch. https://carbonmarketwatch.org/2014/06/25/the-joint-implementation-offsetting-mechanism-deeply-flawed-time-to-consign-it-to-history/

Chicago

CMW. The Joint Implementation offsetting mechanism: deeply flawed, time to consign it to history. Carbon Market Watch, 2014. https://carbonmarketwatch.org/2014/06/25/the-joint-implementation-offsetting-mechanism-deeply-flawed-time-to-consign-it-to-history/.

Wikipedia

{{cite press release |last1=CMW |title=The Joint Implementation offsetting mechanism: deeply flawed, time to consign it to history |publisher=Carbon Market Watch |date=25 June 2014 |url=https://carbonmarketwatch.org/2014/06/25/the-joint-implementation-offsetting-mechanism-deeply-flawed-time-to-consign-it-to-history/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{cmw2014joint, author = {CMW}, title = {{The Joint Implementation offsetting mechanism: deeply flawed, time to consign it to history}}, publisher = {Carbon Market Watch}, year = {2014}, month = jun, url = {https://carbonmarketwatch.org/2014/06/25/the-joint-implementation-offsetting-mechanism-deeply-flawed-time-to-consign-it-to-history/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }