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Joint implementation (JI)
An agreement between two parties whereby one party struggling to meet its emission reductions under the Kyoto Protocol earns emission reduction units from another party's emission removal project. The JI is a flexible and cost-efficient way of fulfilling Kyoto agreements while also encouraging foreign investment and technology transfer.
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- Part of Speech: noun
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- Industry/Domain: Natural environment
- Category: Climate change
- Company: BBC
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