The Global Environment Centre Foundation (GEC), an implementing organization for the Financing Programme for Joint Crediting Mechanism (JCM) Model Projects in FY2019, intends to launch a call for proposals for the financing programme during the first week of April 2019.

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) as of 1 April 2019.

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”)”.

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. Moreover, based on the Overseas Development Strategy (Environment) compiled by Cabinet Office in June 2018, the JCM model project aims to promote the development of infrastructures in overseas, through the diffusion of leading low carbon technologies.

(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 31 January 2022. Contract or purchase order prior to or after this period is not covered by this model project.

(4) Countries of Priority

The model project shall prioritize the following countries that have already established the JCM (as of 1 April 2019):

Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Vietnam, Laos, Indonesia, Costa Rica,
Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand and Philippines
(*If other countries establish the JCM , they shall be included.)

(5) Submission of Proposals

• GEC intends to accept proposals from Friday, 5 April 2019 through Friday, 29 November 2019.
• Please note that the submission period may close before the deadline due to the availability of financial support.

(6) Budget for Call for Proposals (from FY2019 to FY2021)

Total amount of the budget for this financing programme is 9.9 billion Japanese yen for 3 years.

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.