The most complete picture of the potential for reductions in greenhouse-gas emissions for a given plant or production process can be obtained by taking an emissions inventory in accordance with the internationally approved methodology. Ural Steel was one of the first plants to realize the possibilities of joint implementation projects. With the participation of specialists from Camco International and the National Organization for the Support of Carbon Absorption Projects (in Moscow), Ural Steel prepared a plan to expand and modernize its electric steelmaking shop. The modernization is to include the introduction of a high-productivity continuous caster, which should significantly reduce the material and energy content of rolled-product manufacturing. That will in turn reduce GHG emissions by 3,164,700 tons CO2-equivalent from 2008 to 2012. In other words, this project will reduce emissions by an average of 632,000 tons of CO2-equivalent each year.