Japan and Georgia Sign the Memorandum of Cooperation for Establishing the JCM

  On September 13, 2022, Mr. IMAMURA Akira, Ambassador of Extraordinary and Plenipotentiary of Japan to Georgia and H.E. Mr. Otar Shamgia, Minister of Environment Protection and Agriculture of Georgia signed the Memorandum of Cooperation on the Joint Crediting Mechanism (JCM) in the Republic of Georgia. As a result, the JCM will be officially launched in the Republic of Georgia, becoming the twenty-second 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, Azerbaijan, and Moldova.

  Going forward, under the JCM with Georgia, Japan will contribute to the achievement of the NDC (nationally determined contribution) of both countries by leading decarbonizing technologies and infrastructure, etc. in Georgia. 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