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

  On February 19, 2024, ITO Shintaro, Minister of the Environment, Japan, and H.E. Mr. Ruslan STRILETS, Minister of Environmental Protection and Natural Resources of Ukraine, signed the Memorandum of Cooperation on the Joint Crediting Mechanism (JCM) on the margins of the Japan-Ukraine Conference for Promotion of Economic Reconstruction held in Tokyo. As a result, the JCM will officially launch in Ukraine, making it the twenty-ninth partner country along with Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Viet Nam, Lao PDR, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand, the Philippines, Senegal, Tunisia, Azerbaijan, Moldova, Georgia, Sri Lanka, Uzbekistan, Papua New Guinea, the United Arab Emirates, Kyrgyz, and Kazakhstan.

  Japan will contribute to the achievement of the nationally determined contributions (NDCs) of both countries by implementing emission reduction projects, etc. in Ukraine through the JCM. In addition, Japan will contribute to global decarbonization by implementing the JCM as a market mechanism consistent with Article 6 of the Paris Agreement, promoting greenhouse gas emission reductions and removals on a global scale as well as sustainable development.

Press release by Ministry of the Environment, Japan