Preliminary Selection Result for Financing Programme for JCM Model Projects in FY2021 (1st Selection)
Global Environment Centre Foundation (GEC) as an implementing organization for the Financing Programme for Joint Crediting Mechanism (JCM) Model Projects in FY2021, has been solicited proposals for the financing programme and is announcing the 1st selection of 11 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 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 decarbonizing technologies in developing countries, and in return seeks 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 and Infrastructure System Overseas Development Strategy 2025 formulated in December 2020, the JCM model projects aim to contribute to global GHG emission reductions, through the diffusion of leading decarbonizing technologies.
Overview of Selected Projects
GEC is accepting project proposals for FY2021 between 7 April 2021 and 29 October 2021. 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.
<Projects Selected in the First Selection>
|No.||Partner Country||Representative Participant||Project Title||Expected GHG Emission Reductions (tCO2/year)|
|1||Viet Nam||JFE Engineering Corporation||Waste to Energy project in Bac Ninh Province||41,805|
|2||Viet Nam||Electric Power Development Co., Ltd.||10MW Rice Husk Power Plant Project in Hau Giang Province||22,315|
|3||Viet Nam||Sharp Energy Solution Corporation||Introduction of 9MW Rooftop Solar Power System to Factories||3,618|
|4||Viet Nam||ENDO Lighting Corporation||Introduction of High Efficiency LED Lighting with Dimming and Tunable Function to Office Building in Ho Chi Minh City||196|
|5||Indonesia||Sumitomo Forestry Co., Ltd.||Introduction of 3.3MW Rooftop Solar Power System in Woodworking Factories||2,396|
|6||Indonesia||FUMAKILLA LIMITED||Introduction of High-Efficiency Thermal Oil Heater System in Chemical Factory||1,942|
|7||Mexico||Sharp Energy Solution Corporation||20MW Solar Power Project in Guanajuato||20,023|
|8||Thailand||Osaka Gas Co., Ltd.||Introduction of High Efficiency Once Through Boiler to Garment Factory||2,665|
|9||Thailand||NIPPON STEEL ENGINEERING CO., LTD.||Installation of High Efficient Chiller System and PV System for On-Site Energy Supply in Motorcycle Factory||1,144|
|10||Philippines||MITSUI & CO., LTD.||60MW Solar Power Project in Cordon, Isabela||44,860|
|11||Philippines||Mizuho-Toshiba Leasing Company Ltd.||Tanawon 20MW Flash Geothermal Power Plant Project||38,312|
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