New carbon trading mechanisms could revolutionize global climate action.
This article discusses how two project-based methods called Joint Implementation (JI) and Clean Development Mechanism (CDM) can help countries reduce greenhouse gas emissions. These mechanisms allow countries to earn emissions credits by doing environmental projects in other places. This means they can offset their own emissions by investing in activities that lower carbon footprints elsewhere. JI and CDM offer flexibility in choosing where and how to reduce greenhouse gases, giving countries more options for fighting climate change.