account for delivery in practice. Russia accounts for about two-thirds of these projected savings, with the remainder divided up roughly equally between Ukraine and the EU's New Member States. Emission savings include cuts in methane, HFC, and N2O emissions. In December 2012, ERU prices crashed to a low of 15c before recovering to 23c after news that EU’s Climate Change Committee was to vote on a ban of ERUs from countries that have not signed up to a second commitment period under the Kyoto Protocol. In January 2013, Bloomberg reported that Emission Reduction Unit prices declined 89 percent in the 2012 year. See also Assigned amount units Emission Reduction Unit Removal Units Certified Emission Reduction Clean Development Mechanism Flexible Mechanisms Obtaining ownership of land by productive use The Third Period ( Phase three ) of the EU - Ts is expected to start by the end of 2012 The future of the JI is expected to be decided by the committee of the UNFFCC. External links UNFCCC Joint Implementation on the UNFCCC pages. Foundation Joint Implementation Network Host of the Joint Implementation Quarterly (JIQ) newsletter. The original Kyoto Protocol Notes Carbon finance