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 low carbon technologies, products, systems, services, and infrastructure as well as implementation of mitigation actions in developing countries, and to use them to achieve Japan’s emission reduction target.
Basic concept of the JCM
- Facilitating diffusion of leading low carbon technologies, products, systems, services and infrastructure as well as implementation of mitigation actions, and contributing to sustainable development of developing 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 17 countries to start JCM (as of June 2019).
| 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 | REDD+ Model Projects | F‐Gas Recovery and Destruction Model Projects | Total | ||||
| Mongolia | Jan. 2013 | 4 | 4 | 6 | 2 | 8 | ||
| Bangladesh | Mar. 2013 | 3 | 4 | 1 | 5 | |||
| Ethiopia | May 2013 | 1 | 1 | |||||
| Kenya | Jun. 2013 | 1 | 1 | 2 | 2 | |||
| Maldives | Jun. 2013 | 1 | 1 | 1 | 2 | 3 | ||
| Vietnam | Jul. 2013 | 11 | 5 | 35 | 1 | 36 | ||
| Lao PDR | Aug. 2013 | 5 | 1 | 6 | ||||
| Indonesia | Aug. 2013 | 19 | 8 | 42 | 1 | 43 | ||
| Costa Rica | Dec. 2013 | 1 | 2 | 2 | ||||
| Palau | Jan. 2014 | 4 | 3 | 5 | 5 | |||
| Cambodia | Apr. 2014 | 2 | 1 | 6 | 6 | |||
| Mexico | Jul. 2014 | 6 | 6 | |||||
| Saudi Arabia | May 2015 | 1 | 1 | 2 | 2 | |||
| Chile | May 2015 | 1 | 8 | 8 | ||||
| Myanmar | Sep. 2015 | 1 | 9 | 9 | ||||
| Thailand | Nov. 2015 | 9 | 5 | 44 | 1 | 45 | ||
| Philippines | Jan. 2017 | 16 | 16 | |||||
| Total | 17 Countries | 58 | 29 | 194 | 5 | 2 | 2 | 203 |
(Attachment)
Projects/ Studies
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- Database of Projects under JCM Financing Programme by MOEJ
- Database of Reports of JCM Feasibility Studies (up to 2015)
- Database of Reports of CDM/JI Feasibility Studies (up to 2013)
- “Financing programme to demonstrate advanced low-carbon technology innovation”:
This programme provides subsidies for projects for renovation and demonstration of technologies etc. to reduce energy-related greenhouse gas emissions in developing countries by mutually beneficial innovations (co-innovations) through bilateral collaboration.