JI emerges from shadows

Long seen as a sideline to the Clean Development Mechanism, the Joint Implementation market could be set to take off, as international regulators and the key JI host countries are coming close to establishing JI approval procedures. Oliver Holtaway investigates

Until recently, most carbon market participants could be forgiven for paying little attention to developments in the Joint Implementation (JI) market. Hamstrung by regulatory uncertainty, the JI market has sat firmly in the shadow of its more advanced cousin, the Clean Development Mechanism (CDM).

But with major JI host countries and international regulators coming closer to establishing approval procedures, the market could be set to take off.

Increased regulatory clarity has already seen prices

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