Preliminary Selection Result for Financing Programme for JCM Model Projects in FY2018 (1st Announcement for 2nd Call)
Global Environment Centre Foundation (GEC) as an implementing organization for the Financing Programme for Joint Crediting Mechanism (JCM) Model Projects in FY2018, has been solicited proposals for the financing programme and is announcing the selection of 4 projects.
Purpose of Programme
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 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 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.
Overview of Selected Projects
GEC has been accepting project proposals for the 2nd call since 27 August 2018. After reviewing proposals and conducting hearing, GEC selected the proposals listed below. 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.
<List of Selected Projects>
|No.||Partner Country||Representative Participant||Project Title||Expected CO2 Emission Reductions(tCO2/year)|
|1||Indonesia||Voith Fuji Hydro K. K.||Rehabilitation Project of Power Generation System at Karai 7 Mini Hydro Power Plant||1,133|
|2||Mexico||Suntory Spirits Limited||Introduction of Energy Efficient Distillation System to Tequila Plant||1,493|
|3||Chile||Liberal Solution Co., Ltd.||2MW Solar Power and 4MWh Storage Battery Project in San Pedro de Atacama City||2,352|
|4||Myanmar||Kirin Brewery Company., Ltd.||Introduction of Biogas Boiler and Waste Heat Recovery System to Beer factory||3,508|
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.
For further information, please contact:
Attn: Hiroshi TAKAHASHI, Satoru TANGO
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