Joint Crediting Mechanism (JCM)
November 1, 2018
The JCM is a system to cooperate with developing countries for reducing greenhouse gas emissions, in which the result of reduction is assessed as contribution by both partner countries and Japan.
1 Overview of the mechanism
By facilitating the diffusion of leading low-carbon technologies through the JCM, Japan will contribute to measures to address climate change on a global scale. Under the JCM, Japan will evaluate its contributions to GHG emission reductions or removals in a quantitative manner and use them to achieve Japan’s emission reduction target.
At COP21, Prime Minister Abe promoted the JCM and stated that Japan would utilize the JCM to lower the burden of developing countries to promote diffusion of advanced low-carbon technologies.
JCM partnership document is signed by 17 countries including those in Asia, Africa, Small Island Developing States(SIDSs), Latin America and the Middle East.
In order to promote the JCM, support is being provided for implementing JCM projects (JCM model projects by Ministry of the Environment of Japan(MOEJ), projects partnering with Japan International Cooperation Agency(JICA), Asian Development Bank(ADB) trust fund, REDD+ model project, JCM demonstration projects by New Energy and Industrial Technology Development Organization(NEDO), feasibility studies, etc.) and support for administrative processes related to JCM project cycle.
2 JCM partner countries
Japan has held consultations for the JCM with developing countries since 2011 and has established the JCM with Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Viet Nam, Lao PDR, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand and the Philippines.