Press Release

Preliminary Selection Result for Financing Programme for JCM Model Projects in FY2020 (2nd Selection)

October 5, 2020

 On October 5, 2020, the Ministry of the Environment, Japan is pleased to announce that 6 projects were selected in the second selection of the proposals for the Financing Programme for JCM Model Projects in FY2020. The greenhouse gas (GHG) emission reductions through the JCM model projects are expected to accumulate to around 17.3milion tons by 2030.

 This time, MOEJ has selected a solar power generation project using blockchain technology and JCM Eco Lease Scheme project for the first time.

1.Financing Programme for JCM Model Projects

 This programme provides up to 1/2 of the initial cost of a project to be implemented in developing countries which utilizes leading low carbon or decarbonizing technologies and conducts measurement, reporting and verification (MRV) of GHG emission reductions.

 The purpose of this programme is to reduce GHG emissions in developing countries as well as to achieve the GHG emission reduction target by the Japanese government through the JCM. Moreover, based on the Overseas Development Strategy (Environment) compiled by the Cabinet Office in June 2018, the programme aims to promote overseas development of infrastructure through the diffusion of leading low carbon or decarbonizing technologies.

2.Overview of Selected Projects

 The Global Environment Centre Foundation (GEC) as an implementing organization for the Financing Programme for JCM Model Projects in FY2020 is accepting project proposals for FY2020 from the Japanese entities between Monday, 6 April 2020 and Friday, 30 October 2020.

 After reviewing proposals and conducting hearing, 6 proposals listed below were selected in the second selection. In total, 17 projects have been selected, including the first selection this year.

 The selected projects will be further examined with the contents till the completion of contract of financing before the projects are implemented.

No. Partner Country Project Title

Representative

Participant

Expected GHG

Emission

Reduction

(tCO2/year)
1 Chile 3MW Solar Power Project Utilizing Farmland in Valparaiso Region FARMLAND Co., Ltd. 2,632
2 Myanmar 7.3MW Solar Power Project in Mandalay International Airport and Yangon City Tokyo Century Corporation 3,276
3 Thailand Introduction of 5MW Rooftop Solar Power System to Aluminum Building Materials Factory Sumitomo Mitsui Finance and Leasing Company, Limited 2,116
4 Thailand Introduction of 2.6MW Rooftop Solar Power System to Semiconductor Factory The Kansai Electric Power Company, Incorporated 1,188
5 Thailand 2.5MW Solar Power Project with Blockchain Technology in Chiang Mai University Town Community Inabata Co., Ltd. 1,093
6 Philippines Introduction of 2MW Solar Power System to Shopping MallJCM Eco Lease Scheme Tokyo Century Corporation 1,476

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:

Ryosuke HORIKAWA

Office of Market Mechanisms,

Climate Change Policy Division,

Global Environmental Bureau

Phone: +81-3-5521-8246

For Japanese

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