Press Release

Launch of the JCM Global Partnership

July 16, 2020

Ministry of the Environment, Japan (MOEJ) has launched the "JCM Global Partnership" with the aim of facilitating multilateral partnerships among the Joint Crediting Mechanism (JCM) partner countries and relevant stakeholders including national and local governments, private sector, financial institutions, non-government and international organizations that are involved in the JCM implementation or interested in market mechanisms under the Paris Agreement.

<Activities>

There are 3 main pillars of activities in the JCM GP and relevant information is provided in the partnership website*:

1) JCM x Carbon Neutral Project: JCM supports realizing carbon neutral projects

e.g.) Business matching seminars for project development, a seminar for city-to-city collaboration, JCM Global Match (free business matching service), etc.

2) JCM x Article 6: JCM as a project for Article 6 of the Paris Agreement

e.g.) Explanation and FAQ of Article 6 and the JCM, a webinar of mechanisms implemented under the Article 6 of the Paris Agreement, etc.

3) JCM x SDGs: JCM projects contribute to the SDGs

e.g.) JCM SDGs report, gender guidelines for JCM model project, a series of webinars on SDGs and the JCM

*JCM Global Partnership: https://www.carbon-markets.go.jp/eng/jcmgp/

Attached file: JCM Global Partnership concept note

<Upcoming events and contents on the JCM GP>

Upcoming events are as follows. Please check our website above for more updates.

Webinar: Integrating SDGs and Business Strategies - Possibilities of Utilizing the JCM

Date and Time: July 28, 13:30-14:30 (JST)

Overview: The Sustainable Development Goals (SDGs) are common global vision for both developing and developed countries, and contributions from the private sector is crucial. Growing number of companies are enhancing their corporate sustainability by integrating the SDGs. This webinar will focus on the analysis of SDGs integration in the private sector both in Japan and overseas and the contribution to the SDGs through JCM projects. Also, a private company will share their strategy and experiences with the JCM.

Language: Japanese

Note: Video recording will be available on the JCM GP website after the event.

Webinar and virtual business matching for the JCM implementation in Thailand - Utilizing the JCM during the COVID-19 period -

Date: August 25, 15:00-17:00 (JST) / 13:00-15:00 (ICT)

Overview: In the midst of COVID-19 crisis, this webinar will explore ways that businesses can adapt to the new normal with digital technologies and decarbonize their operations at the same time. Good practices from JCM model projects and information related to the financial support for projects will be also shared. The webinar is followed by individual consultation with organizers and virtual business matching of webinar participants.

Language: English and Thai

About the Joint Crediting Mechanism:

  • The Joint Crediting Mechanism (JCM) aims to facilitate diffusion of leading low carbon technologies, products, systems, services, and infrastructure as well as implementation of mitigation actions, and contribute to sustainable development of developing countries. Also, it appropriately evaluates contributions to GHG emission reductions or removals from Japan in a quantitative manner, by applying measurement, reporting and verification (MRV) methodologies, and appropriately accounted as Japan's emission reduction target.

  • Currently, there are 17 partner countries including Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Viet Nam, Lao PDR, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand and Philippines.

  • Apart from contributions achieved through private-sector based projects, accumulated emission reductions or removals by FY 2030 through governmental JCM programs to be undertaken within the government's annual budget are estimated to be ranging from 50 to 100 million t-CO2.

Learn more about the JCM:

https://www.carbon-markets.go.jp/eng/jcm/

Follow us on Twitter: MOEJapan Climate Action https://twitter.com/MOEJ_Climate

Any questions or comments? Please write to us via MOE-mail.

Contact information:

Hironori AOKI

Office of Market Mechanisms,

Climate Change Policy Division,

Global Environmental Bureau

Phone: +81-3-5521-8246

For Japanese

Attached File:

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