France to generate JI emission credits

Government sets an EU precedent with scheme to encourage low-cost carbon reduction projects

France has launched a plan to generate carbon credits under the Kyoto protocol’s joint implementation (JI) scheme for sale on the international market.  The scheme will help create incentives for emission reductions outside the EU emission trading scheme, the finance ministry said last week.

JI enables emission reduction projects in industrialised countries to generate credits. In practice virtually all JI projects are in ex-Soviet countries.  France is the first EU-15 member state to exploit the scheme, though New Zealand and Canada have similar systems.

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