The Global Environment Centre Foundation (GEC), an implementing organization for the Financing Programme for Joint Crediting Mechanism (JCM) Model Projects in FY2018, intends to launch a call for proposals for the financing programme during the first week of April 2018.

Programme Overview

(1) Purpose

Japan establishes and implements the Joint Crediting Mechanism (hereinafter referred to as “JCM”) in order both to appropriately evaluate contributions from Japan to GHG emission reductions or removals in a quantitative manner achieved through the diffusion of low carbon 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 Philippine) at this moment.

In order to support the implementation of candidate JCM projects, Ministry of the Environment, Japan (hereinafter referred to as “MOEJ”) has launched the “JCM Model Projects (hereinafter referred to as “model project”),” which includes collaboration with projects supported by the Japan International Cooperation Agency and other governmental-affiliated financial institution.

The purpose of this model project is to financially support the implementation of projects which reduce GHG emissions by utilizing leading low carbon technologies in developing countries, and in return seeks to acquire JCM credits for achievement of Japan’s GHG emission reduction target.

(2) Eligibility

A Japanese entity as a representative participant of an international consortium which is an association (no legal personality) that consists of a Japanese entity and a foreign entity(ies), etc., with the objective of effectively implementing a project.

(3) Implementation period of model projects

The implementation period of the model projects (i.e. the period for installation of facilities and completing all the payment) shall be from the date indicated on the Notice of Contract of Finance until 29 January 2021. Contract or purchase order prior to or after this period is not covered by this model project.

Information Meeting

An information meeting on this call for proposals will be held in Tokyo as below:

Resources

1. About Joint Crediting Mechanism (JCM)

• Carbon Markets Express: Joint Crediting Mechanism (JCM)
• Global Environment Centre Foundation: Overview of JCM

2. Speech by Prime Minister Shinzo Abe at COP21

“…many of the advanced low-carbon technologies do not generally promise investment-return to developing countries. Japan will, while lowering burdens of those countries, promote diffusion of advanced low carbon technologies particularly through implementation of the Joint Crediting Mechanism (JCM).”

　　For the full text of his speech, please click here.