The Paris Agreement was adopted in the 21st Conference of the Parties (COP21) of the UNFCCC in December 2015. To achieve goals set under the Paris Agreement, it is essential to reduce greenhouse gas (GHG) emissions globally through international cooperation. Meanwhile, the Financial Mechanism (including Green Climate Fund (GCF)) and the Technology Mechanism (including Climate Technology Centre and Network (CTCN)) were established under the UNFCCC at its COP16 to support climate change actions in developing countries, and now the mechanisms have become fully operational in supporting the implementation of the Paris Agreement.
Given such global landscape, Japan is willing to contribute to reducing the GHG emissions through transferring advanced low-carbon technologies. GEC has been supporting the introduction of the advanced low-carbon technologies in developing countries through various means including the Joint Crediting Mechanism (JCM) Model Project Programme and the Low-Carbon Technology Innovation Project Programme. With a view to further scaling up and replicating such efforts, as well as achieving the paradigm shifts in developing countries, GEC aims to promote the Technology Mechanism and the Financial Mechanism under the UNFCCC.