Result of Webinar on the Joint Crediting Mechanism (JCM) Implementation for Sri Lanka – Contribution to GHG Emission Reductions in Sri Lanka through the JCM –

Ministry of the Environment of Japan (MOEJ) and Global Environment Centre Foundation (GEC) in collaboration with Ministry of Environment of Sri Lanka jointly organized “Webinar on the Joint Crediting Mechanism (JCM) Implementation for Sri Lanka – Contribution to GHG Emission Reductions in Sri Lanka through the JCM -” on Friday, February 16th, 2024.

Background:

  • The Government of Japan and the Government of Sri Lanka signed the Memorandum of Cooperation on the JCM on 10th October 2022.
  • In order to pursue the Paris Agreement’s 2°C target and 1.5°C effort target, and to address climate change, the Government of Japan and the Government of Sri Lanka (hereinafter referred to individually as the “government” and collectively as “both governments”) establish and implement the Joint Crediting Mechanism (JCM).
  • The JCM*1 aims to facilitate diffusion of, among others, leading decarbonizing technologies, products, systems, services and infrastructure as well as implementation of mitigation actions, thereby contributing to GHG emissions reductions or removals and sustainable development in Sri Lanka, and the achievement of nationally determined contributions of Japan and Sri Lanka.

Webinar Objectives:

This Webinar aims to: 

  • Understand Sri Lanka’s mitigation policy as well as the Article 6, its relevance to Sri Lanka’s climate objectives and the JCM.
  • Grasp the fundamentals of the JCM and how it operates.
  • Share guidelines and procedures as well as case examples of the Financing Programme for JCM Model Projects*2.

Target Audience:

This webinar is designed for key stakeholders in Sri Lanka’s climate action efforts, including:

  • Private sector representatives interested in engaging in climate projects, etc.
  • Representatives from the Sri Lanka government responsible for climate policy and international cooperation.

Related to the webinar, GEC arranged individual online consultation with companies considering applying for JCM Financing Programme.

Overview of Webinar

  • Date: Friday, February 16th, 2024, 9:30 am-12:00 pm Sri Lanka Time (UTC+5:30) / 13:00-15:30 Japan Time (UTC+9) 
  • Venue: Zoom
  • Organizers: Ministry of the Environment of Japan, Ministry of Environment of Sri Lanka, Global Environment Centre Foundation (GEC)
  • Language: English 

Program      Full-Length Video

  • Moderator:  Ms. Kaoru YAMAGUCHI, Manager, Financing Programme Group, Tokyo Office, Global Environment Centre Foundation (GEC)
Session 1. Opening Remarks:

– Mr. B.K. Prabhath CHANDRAKEERTHI, Secretary, Ministry of Environment of Sri Lanka
Video

– Mr. KATSUKI Kotaro, Minister/Deputy Head of Mission, Embassy of Japan in Sri Lanka
Video
Session 2. Information Sharing on the JCM:

Recent Developments of the Joint Crediting Mechanism (JCM)
– Mr. Kentaro TAKAHASHI, Assistant Director, Office of Director for International Cooperation for Transition to Decarbonization and Sustainable Infrastructure,
　Global Environment Bureau, Ministry of the Environment, Government of Japan
PDF  Video

Sri Lanka’s Policy for Decarbonization and Expectations for the JCM 
– Ms. K.N. Kumudini VIDYALANKARA, Director, Environment Planning and Economics, Ministry of Environment of Sri Lanka
PDF  Video 

Financing Programme for JCM Model Projects and JCM Global Match
– Ms. Risa KIKUCHI, Assistant Manager, Financing Programme Group, Tokyo Office, Global Environment Centre Foundation (GEC)
PDF  Video

Introduction of the Japan Fund for the Joint Crediting Mechanism
– Mr. Tatsuya YANASE, Environment and Climate Change Specialist/JFJCM Fund Manager, Asian Development Bank (ADB)
PDF  Video

Q&A for Session 2
Video
Session 3. Case Examples of the JCM Implementation:

13.5MW Solar Power Project in Kebithigollewa, North Central Province, Sri Lanka (Selected in 2023)　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　– Mr. Yasumitsu KIDA, General Manager for Overseas Business, Shibata Corporation Co., Ltd.
PDF  Video

Installation of Energy Saving Equipment and Solar Power System to Complex Building in Jakarta, Indonesia (Selected in 2022）
– Mr. Ryosuke MORITA, Project Coordinator, International Projects Department, Yuko-Keiso Co., Ltd.
PDF  Video

Q&A for Session 3
Video
Session 4. Closing Address:

– Mr. Yuji KIMURA, Executive Director, Head of Tokyo Office, Global Environment Centre Foundation (GEC)
Video
Consultation by GEC (online) 

After the day of the Webinar, GEC arranged individual online consultation with companies considering applying for JCM Financing Programme.

 

Photo　

 

　*1　For further information about the JCM, please refer to the official website of the JCM.

　*2　In order to support the implementation of candidate JCM projects, Ministry of the Environment, Japan has launched
　　　the “JCM Model Projects”. The purpose of this model project is to financially support the implementation of projects
　　　which reduce GHG emissions by utilizing leading decarbonizing technologies in developing countries, and in return
　　　seeks to acquire JCM credits for achievement of Japan’s and Sri Lanka’s GHG emission reduction target.

 

Contact

Global Environment Centre Foundation (GEC)
Tokyo Office
Attn: Tanabe (Mr.), Miyamoto (Mr.), A. Takahashi (Mr.)
E-mail: jcm-info@gec.jp