Overview of the Joint Crediting Mechanism (JCM)

Japan establishes and implements the JCM in order both to appropriately evaluate contributions from Japan to GHG emission reductions or removals in a quantitative manner achieved through diffusion of decarbonizing technologies, products, systems, services, and infrastructure as well as implementation of mitigation actions in developing and other countries, and to use them to achieve Japan’s emission reduction target.

Basic concept of the JCM

  • Facilitating diffusion of leading decarbonizing technologies, products, systems, services and infrastructure as well as implementation of mitigation actions, and contributing to sustainable development of developing and other countries;
  • Appropriately evaluating contributions from Japan to GHG emission reductions or removals in a quantitative manner, and use them to achieve Japan’s emission reduction target;
  • Contributing to the ultimate objective of the UNFCCC by facilitating global actions for GHG emission reductions or removals.

Figure 1. The JCM scheme between Japan and host country

JCM Procedures

Figure 2. Project Cycle of the JCM and the CDM

Progress of the JCM in each partner country

Overview of the Joint Crediting Mechanism (JCM)

Japan has signed bilateral agreements with 29 countries to start JCM (as of February 2024).

Partner Countries Start from JCM Model Projects (registered) JCM Model Projects (Credit Issued) No. of Projects under JCM Financing Programme by MOEJ
JCM Model Projects ADB-Funded Projects UNIDO REDD+ Model Projects F‐Gas Recovery and Destruction Model Projects Total
MongoliaJan. 201354729
BangladeshMar. 201332415
EthiopiaMay 2013
KenyaJun. 201311415
MaldivesJun. 201321134
VietnamJul. 201311542244
Lao PDRAug. 20132516
IndonesiaAug. 2013198501152
Costa RicaDec. 2013122
PalauJan. 201443516
CambodiaApr. 20143155
MexicoJul. 201455
Saudi ArabiaMay 20151133
ChileMay 201521515
MyanmarSep. 2015188
ThailandNov. 201511548149
PhilippinesJan. 2017419120
SenegalAug. 2022
TunisiaAug. 2022
AzerbaijanSep. 2022
MoldovaSep. 2022
GeorgiaSep. 2022
Sri LankaOct. 202211
UzbekistanOct. 2022
Papua New GuineaNov. 2022
United Arab EmiratesApr. 2023
KyrgyzJul. 2023
KazakhstanOct. 2023
UkraineFeb. 2024
Total29 Countries70312248124239

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Projects/ Studies