JI projects take place between countries with emission targets each of who will have to implement robust emissions monitoring systems. In addition, JI is a zero-sum situation. As such there is an incentive for the host country to ensure the correct amount of emission credits are transferred. This contrasts with the CDM where projects are undertaken in countries without emissions targets and where new credits are generated. May. As expected, the EU and some G77s are trying to limit the extent to which sinks can be used to meet targets.
Sinks are of critical importance to Australia.
The definitions and rules to be adopted will impact on the size of our abatement task as well as the cost. This will be a key issue for us at COP 6. The shape and nature of the Protocol's compliance system was an issue left undetermined in Kyoto. A compliance system is needed to help countries comply with their protocol emission abatement targets and to sanction those parties that fail to meet their targets. We are currently working toward agreement on the operation of this compliance system at COP 6.