is the methodology to reduce the Greenhouse Gas (GHG) emission as stipulated
in the United Nations Framework Convention on Climate Change (Note-below).
When the Parties jointly implement the management measures to reduce
GHG emission, it enables the distribution of the credits (the volume
of GHG reduction) among the relevant Parties.
The Joint Implementation
is extremely effective in reducing and limiting the global GHG emission
inclusive of the developing country Parties, mainly in the fields listed
(1) The cost-effective
reduction of GHG emission
(2) The promotion of environmental technology transfer
At the first session
of the Conference of the Parties (COP1) held in March and April of last
year, it was resolved to establish a pilot phase for "Activities
Implemented Jointly (AIJ)" which would be open to the participation
of developing country Parties on a voluntary basis.
The United Nations
Framework Convention on Climate Change was adopted at the Rio Summit
(UNCED: United Nations Conference on Environment and Development)
held in June, 1992, for the purpose of stabilizing atmospheric concentration
of greenhouse gas. The Convention calls for the principles of (1)
common but differentiated responsibilities of the Parties, (2) consideration
to the national situation of developing country Parties and others,
and (3) immediate and effective implementation of preventive policies
and measures, and enacts the obligations, mainly to the developed
country Parties, to implement preventive policies and measures for
reducing and limiting the greenhouse gas.