Japan and the Republic of Uzbekistan Sign the Memorandum of Cooperation for Establishing the JCM

  On October 25, 2022, H.E. FUJIYAMA Yoshinori, Ambassador Extraordinary and Plenipotentiary of Japan to the Republic of Uzbekistan and Mr. Jamshid Khodjayev, Deputy Prime Minister, Minister of Investments and Foreign Trade of the Republic of Uzbekistan signed the Memorandum of Cooperation on the Joint Crediting Mechanism (JCM) in Uzbekistan. As a result, the JCM will be officially launched in Uzbekistan, becoming the twenty-fourth 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, Georgia, and Sri Lanka.

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