Preliminary Selection Result for Financing Programme for JCM Model Projects in FY2020 (2nd Selection)
Global Environment Centre Foundation (GEC) as an implementing organization for the Financing Programme for Joint Crediting Mechanism (JCM) Model Projects in FY2020, has been solicited proposals for the financing programme and is announcing the 2nd selection of 6 projects.
Purpose of Programme
Japan establishes and implements the Joint Crediting Mechanism (hereinafter referred to as “the JCM”) in order both to appropriately evaluate contributions from Japan and to greenhouse gas (GHG) emission reductions or removals in a quantitative manner achieved through the diffusion of low carbon or decarbonizing technologies, products, systems, services, and infrastructure as well as implementation of mitigation actions in developing countries.
Starting from Mongolia in January 2013, Japan has established the JCM with 17 partner countries (Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Viet Nam, Lao PDR, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand and Philippines) at this moment.
In order to support the implementation of candidate JCM projects, Ministry of the Environment, Japan (hereinafter referred to as “MOEJ”) has been implementing the “JCM Model Projects (hereinafter referred to as “model project”),” which includes collaboration with projects supported by the Japan International Cooperation Agency (JICA) and government-affiliated financial institutions.
The purpose of this model project is to financially support the implementation of projects which reduce GHG emissions by utilizing leading low carbon or decarbonizing technologies in developing countries, and in return, to acquire JCM credits for achievement of Japan’s GHG emission reduction target. Moreover, along with the Overseas Development Strategy (Environment) compiled by Cabinet Office in June 2018, the JCM model project aims to contribute to global GHG emission reductions, through the diffusion of leading low carbon or decarbonizing technologies.
Overview of Selected Projects
GEC is accepting project proposals for FY2020 between 6 April 2020 and 30 October 2020. After reviewing proposals and conducting hearing, 6 proposals listed below were selected in the second selection. In total, 17 projects have been selected, including the first selection this year. A solar power generation project using blockchain technology and a JCM Eco Lease Scheme project have been selected for the first time.
GEC will further examine the project contents and provide a notice to the representative participants for the final decision before the proposed projects are implemented.
<Projects Selected in the Second Selection>
|No.||Partner Country||Representative Participant||Project Title||Expected GHG Emission Reductions (tCO2/year)|
|1||Chile||FARMLAND Co., Ltd.||3MW Solar Power Project Utilizing Farmland in Valparaiso Region||2,632|
|2||Myanmar||Tokyo Century Corporation||7.3MW Solar Power Project in Mandalay International Airport and Yangon City||3,276|
|3||Thailand||Sumitomo Mitsui Finance and Leasing Company, Limited||Introduction of 5MW Rooftop Solar Power System to Aluminum Building Materials Factory||2,116|
|4||Thailand||The Kansai Electric Power Company, Incorporated||Introduction of 2.6MW Rooftop Solar Power System to Semiconductor Factory||1,188|
|5||Thailand||Inabata Co., Ltd.||2.5MW Solar Power Project with Blockchain Technology in Chiang Mai University Town Community||1,093|
|6||Philippines||Tokyo Century Corporation||Introduction of 2MW Solar Power System to Shopping Mall（JCM Eco Lease Scheme）||1,476|
About Joint Crediting Mechanism (JCM)
- Carbon Markets Express : Joint Crediting Mechanism (JCM)
- Global Environment Centre Foundation: Overview of JCM
For further information, please contact:
Attn: Hiroshi TAKAHASHI, Masami ISHIHARA
Financing Programme Group, Tokyo Office Global Environment Centre Foundation (GEC)
4th Floor Hongo Ozeki Bldg., 3-19-4 Hongo Bunkyo-ku, Tokyo 113-0033, Japan