If a host Party meets all of the eligibility
requirements to transfer and/or acquire ERUs, it may verify emission reductions or enhancements of
removals from a JI project as being additional to any that would otherwise occur. Upon such verification, the
host Party may issue the appropriate quantity of ERUs. This procedure is commonly referred to as the
“Track 1” procedure.”
If a host Party does not meet all, but only a limited set of eligibility requirements, verification of
emission reductions or enhancements of removals as being additional has to be done through the verification
procedure under the Joint Implementation Supervisory
Committee (JISC). Under this so-called “Track 2” procedure, an independent entity accredited
by the JISC has to determine whether the relevant requirements have been met before the host Party can issue
and transfer ERUs.
A host Party which meets all the eligibility requirements may at any time choose to use the verification
procedure under the JISC (Track 2 procedure).
For up-to-date information on JI, see the UNFCCC JI website.