Tiêu đề 06_SAKAI_Overview of the Joint Crediting Mechanism (JCM).pdf ✅

Overview of the Joint Crediting Mechanism (JCM) October 30th, 2024 SAKAI Takumi Assistant Director Global Environmental Affairs Office METI, Japan
1 Basic Concept of the JCM  Facilitate diffusion of leading decarbonizing technologies and infrastructure, etc., through investment by Japanese entities, thereby contributing to GHG emission reductions or removals and sustainable development in partner countries.  Contribute to the achievement of both countries’ NDCs while ensuring the avoidance of double counting through corresponding adjustments.  Implement the JCM consistent with the guidance on cooperative approaches, referred to in Article 6, paragraph 2 of the Paris Agreement. *measurement, reporting and verification UNFCCC, Article 6 of the Paris Agreement Reporting and Corresponding Adjustments JCM JAPAN Partner Country JCM Projects GHG emission reductions/removals Used to achieve Japan’s NDC MRV* Leading decarbonizing technologies, etc., and implementation of mitigation actions Operation and management by the Joint Committee which consists of representatives from the both sides JCM Credits
2 Contribution from Japan (example) GHG emissions Initial cost GHG emissions Credits Financial support Japan will acquire a part of JCM credits (in return for the contribution of Japan, such as financial support or investment for projects*) Select Emission reductions Conventional equipment & facility Advanced decarbonizing equipment & facility *The proportion of financial support depends on supporting schemes. Japanese government & entities Partner Country’s government & entities Initial cost Incentivize selection of decarbonizing technologies, etc. by the financial support or the investment to the initial cost
3 JCM Partner Countries(29 countries) Mongolia Jan. 8, 2013 (Ulaanbaatar) Bangladesh Mar. 19, 2013 (Dhaka) Ethiopia May. 27, 2013 (Addis Ababa) Kenya Jun. 12, 2013 (Nairobi) Maldives Jun. 29, 2013 (Okinawa) Viet Nam Jul. 2, 2013 (Hanoi) Lao PDR Aug. 7, 2013 (Vientiane) Indonesia Aug. 26, 2013 (Jakarta) Costa Rica Dec. 9, 2013 (Tokyo) Palau Jan. 13, 2014 (Ngerulmud) Cambodia Apr. 11, 2014 (Phnom Penh) Mexico Jul. 25, 2014 (Mexico City) Saudi Arabia May. 13, 2015 Chile May. 26, 2015 (Santiago) Myanmar Sep. 16, 2015 (Nay Pyi Taw) Thailand Nov. 19, 2015 (Tokyo) Philippines Jan. 12, 2017 (Manila) Senegal Aug. 25, 2022 (Dakar) Georgia Sept. 13, 2022 (Tbilisi) Moldova Sept. 6, 2022 (Chisinau) Azerbaijan Sept. 5, 2022 (Baku) Tunisia Aug. 26, 2022 (Tunis) Sri Lanka Oct. 10, 2022 (Colombo) Uzbekistan Oct. 25, 2022 (Tashkent) Papua New Guinea Nov. 18, 2022 (Sharm-el-Sheikh) United Arab Emirates April. 16, 2023 (Sapporo) Kyrgyz Republic July. 6, 2023 (Bishkek) Kazakhstan Oct. 30, 2023 (Astana) Ukraine Feb. 19, 2024 (Tokyo)