Press Releases
Signing of a Memorandum of Cooperation between the Government of Japan and the Government of the Sultanate of Oman on the Joint Crediting Mechanism
On April 9, in Muscat, the capital of the Sultanate of Oman, a Memorandum of Cooperation (MoC) on the Establishment of a Joint Credit Mechanism (JCM) was signed between Mr. SERIZAWA Kiyoshi, Ambassador Extraordinary and Plenipotentiary of Japan to the Sultanate of Oman, and H.E. Eng. Salim bin Nasser Al Aufi, Minister of Energy and Minerals of the Sultanate of Oman.
Through the JCM with the Sultanate of Oman, Japan will contribute to the achievement of the nationally determined contribution (NDC) of both countries by cooperating in the reduction of greenhouse gas emissions in the Sultanate of Oman and will work toward the decarbonization of the world.
(Reference1) Joint Credit Mechanism (JCM: Joint Crediting Mechanism)
The JCM is a mechanism that quantitatively evaluates Japan's contribution to greenhouse gas emission reductions and absorptions achieved through the diffusion of leading decarbonizing technologies and measures to developing countries, and utilizes such contributions toward the achievement of Japan's NDC.
As of March 2026, JCMs have been established with 32 countries, including Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Vietnam, Laos, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand, the Philippines, Senegal, Tunisia, Azerbaijan, Moldova, Georgia, Sri Lanka, Uzbekistan,Papua New Guinea, the United Arab Emirates, Kyrgyzstan, Kazakhstan, Ukraine, Tanzania, India with Oman becoming the 32nd country.
(Reference2) Nationally Determined Contribution (NDC)
The Paris Agreement requires each country to outline and communicate their emissions reduction target every five years.
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