Japan and the Democratic Socialist Republic of Sri Lanka Sign the Memorandum of Cooperation for Establishing the JCM
On October 10, 2022, H.E. MIZUKOSHI Hideaki, Ambassador Extraordinary and Plenipotentiary of Japan to the Democratic Socialist Republic of Sri Lanka and Dr. Anil Jasinghe, Secretary, Ministry of Environment of Democratic Socialist Republic of Sri Lanka signed the Memorandum of Cooperation on the Joint Crediting Mechanism (JCM) in Sri Lanka. As a result, the JCM will be officially launched in Sri Lanka, becoming the twenty-third 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, Moldova, and Georgia.
Going forward, under the JCM with Sri Lanka, Japan will contribute to the achievement of the NDC (nationally determined contribution) of both countries by leading decarbonizing technologies and infrastructure, etc. in Sri Lanka. 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