Japan and the United Arab Emirates sign the Memorandum of Cooperation for Establishing the JCM
On April 16, 2023, witnessed by KUNISADA Isato, Parliamentary Vice-Minister of the Environment, Japan, Mr. NISHIMURA Yasutoshi, Minister of Economy, Trade and Industry, Japan, and H.E. Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology and UAE Special Envoy for Climate Change signed the Memorandum of Cooperation on the Joint Crediting Mechanism (JCM) in Sapporo, the Venue for the G7 Ministers’ Meeting on Climate, Energy and Environment. As a result, the JCM will be officially launched in the United Arab Emirates, becoming the twenty-sixth 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, Sri Lanka, Uzbekistan, and Papua New Guinea.
Going forward, under the JCM with United Arab Emirates, Japan will contribute to the achievement of the NDC (nationally determined contribution) of both countries by leading decarbonizing technologies and infrastructure, etc. in United Arab Emirates. 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