Japan and the Republic of Moldova Sign the Memorandum of Cooperation for Establishing the JCM
On September 6, 2022, Mr. KATAYAMA Yoshihiro, Ambassador Extraordinary and Plenipotentiary of Japan to the Republic of Moldova and H.E. Mr. Iuliana CANTARAGIU, Minister of Environment of the Republic of Moldova signed the Memorandum of Cooperation on the Joint Crediting Mechanism (JCM) in the Republic of Moldova. As a result, the JCM will be officially launched in the Republic of Moldova, becoming the twenty-first partner country along with Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Viet Nam, Lao PDR, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand, Philippines, Senegal, Tunisia, and Azerbaijan.
Going forward, under the JCM with Moldova, Japan will contribute to the achievement of the NDC (nationally determined contribution) of both countries by leading decarbonizing technologies and infrastructure, etc. in Moldova. In addition, Japan will contribute to global decarbonization, by implementing the JCM as a market mechanism under Article 6 of the Paris Agreement, promoting greenhouse gas emission reductions and removals on a global scale, and promoting sustainable development.
Press release by Ministry of the Environment, Japan