MOEJ selected 19 projects for JCM Model Projects of Joint Crediting Mechanism (JCM) financing support programme FY 2021

(September 27, 2021, Tokyo) The Ministry of the Environment, Japan (MOEJ), selected 19 JCM Model Projects for the Joint Crediting Mechanism (JCM)* financing support programme in fiscal year 2021. The number of selected projects has reached 194 so far, and the cumulative reduction of greenhouse gas (GHG) emissions by 2030 is expected to be approximately 19.2 million tons. MOEJ will continue to strongly promote the overseas expansion of environmental infrastructure through the JCM, based on the "MOEJ Initiative for Decarbonized Infrastructure**."

MOEJ received many applications and selected a wide variety of projects related to renewable energy and energy conservation, which are priority areas for the MOEJ Initiative for Decarbonized Infrastructure. This selection included a "Solar Power and Storage Battery Project," which contributes to improvements in energy performance (No.13 in the table below), and two solar power projects applying "JCM Eco Lease Scheme," newly introduced in 2020 (No.17 and No. 18).

INOUE Kazuya, Director, Office of Market Mechanisms, Climate Change Policy Division said:

MOEJ selected 19 projects for JCM model projects. Since 2013, MOEJ has contributed to the decarbonization of 17 countries through the JCM. MOEJ will continue to promote decarbonization efforts mainly in the Indo-Pacific region.

Selected 19 projects:

No.	Partner Country	Project Name	Representative Participant	Estimated GHG Reduction （tCO2/year）
1	Vietnam	Introduction of 12MW Rooftop Solar Power System to Commercial and Industrial Customers	Marubeni Corporation	5,815
2	Vietnam	Introduction of 9.8MW Rooftop Solar Power System in Industrial Park	Osaka Gas Co., Ltd.	4,254
3	Vietnam	Introduction of 5.8MW Rooftop Solar Power System to Beverage Factory	Asian Gateway Corporation	2,531
4	Vietnam	Introduction of 2.5MW Rooftop Solar Power　System to Food Factory and Garment Factory	The Kansai Electric Power Company, Incorporated	982
5	Vietnam	Introduction of High Efficiency Chiller and High　Efficiency LED Lighting with Dimming Function to Shopping Center	Tokyu Corporation	726
6	Laos	19MW Solar Power Project in Xiangkhouang Province	Liberal Solution Co., Ltd.	7,861
7	Indonesia	6MW Mini Hydro Power Plant Project in Besay River, Lampung Province	WWS-JAPAN Co.	20,307
8	Indonesia	Energy Saving by Introducing High Efficiency Autoclave to Infusion Manufacturing Factory 2	Otsuka Pharmaceutical Factory, Inc.	8,796
9	Indonesia	2.3 MW Mini Hydro Power Plant Project in Melesom River, Lampung Province	WWS-JAPAN Co.	6,787
10	Chile	9MW Solar Power Project in Casablanca, Valparaiso Region	Eurus Energy Holdings Corporation	8,527
11	Chile	9MW Solar Power Project in Yungay, Biobio Region	Eurus Energy Holdings Corporation	8,476
12	Chile	3MW Solar Power Project Utilizing Farmland in Maule Region	FARMLAND Co., Ltd.	2,489
13	Thailand	35MW Solar Power and Storage Battery Project in Suphanburi Province	Kanematsu KGK Corp.	13,197
14	Thailand	Introduction of 23MW Rooftop Solar Power System to Tire Factories	Sharp Energy Solution Corporation	8,928
15	Thailand	Introduction of High Efficiency Boiler, High Efficiency Chiller, and Solar PV System to Textile Factory and Food Factory	The Kansai Electric Power Company, Incorporated	1,885
16	Thailand	Introduction of 2MW Rooftop Solar Power System to Non-ferrous Metal Factory	The Kansai Electric Power Company, Incorporated	945
17	Thailand	Introduction of 1.85MW Solar Power System to Food Factories (JCM Eco Lease Scheme)	Tokyo Century Corporation	858
18	Thailand	Introduction of 0.13MW Solar Power System to Auto Parts Factory (JCM Eco Lease Scheme)	Tokyo Century Corporation	52
19	Philippines	Introduction of Energy Saving Air Conditioning System to Quezon City Hall Compound	Oriental Consultants Co., Ltd.	780

The JCM aims to reduce GHG emissions in developing countries by utilizing advanced decarbonized technologies. This programme provides financial support of up to 1/2 of the initial investment cost for projects performing measurement, reporting, and verification (MRV). The purpose of the JCM is to contribute to the reduction of GHG emissions in developing countries, as well as to the achievement of Japan's GHG emission reduction targets through the project. In addition, this programme is expected to contribute to global decarbonization by disseminating and deploying advanced decarbonized technologies, upon deep understanding of the needs of partner countries. These activities are in accordance with the "Strategy for Overseas Expansion in the Environmental Field***," based on the "Plan for Global Warming Countermeasures," "MOEJ Initiative for Decarbonized Infrastructure," "2025 Strategy for Overseas Expansion of Infrastructure Systems ****," and "Export Strategy for Infrastructure Systems (Revised in FY 2017. Decided by the Economic Cooperation Infrastructure Strategy Council)."

*Joint Crediting Mechanism (JCM):

The JCM provides advanced decarbonized technologies, products, systems, services, and infrastructure to developing countries, and evaluates the amount of GHG emission reduction and absorption achieved. This ultimately contributes to the achievement of reduction targets in partner countries and Japan.　JCM's current 17 partner countries are Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Vietnam, Laos, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand, and the Philippines.

Reference: https://www.carbon-markets.go.jp/jcm/index.html

** MOEJ Initiative for Decarbonized Infrastructure:

In June 2021, MOEJ formulated the "MOEJ Initiative for Decarbonized Infrastructure" in order to further promote the overseas deployment of environmental infrastructure through the JCM. As a result, MOEJ aims to achieve a cumulative GHG emission reduction of approximately 100 million tons through public-private partnerships by FY2030. The maximum project size is 1 trillion yen through public-private partnerships by accelerating the project through the diversification of funds. Additionally, MOEJ will take the following four actions to facilitate the expansion of the JCM: (1) Lead the Formulation of Global Rules, (2) Diversification of Funds, (3) Global and Regional Expansion, (4) Facilitate Decarbonization Market

Reference (Japanese): https://www.env.go.jp/press/109707.html

*** "Strategy for Overseas Expansion of Infrastructure Systems" (decided by the Economic Cooperation Infrastructure Strategy Council, in December, 2020):

In order to lead the global decarbonization , "2025 Strategy for Overseas Expansion of Infrastructure Systems" is based on the basic policy to support a variety of option for CO2 reduction, including renewable energies such as wind, solar, and geothermal, hydrogen, energy management technologies, and CCUS/carbon recycling. It also aims to support the formulation of a long-term strategy for decarbonization towards the achievement of the Paris Agreement, upon a deep understanding of partner countries' needs.

Reference (Japanese): https://www.kantei.go.jp/jp/singi/keikyou/dai49/siryou2.pdf

**** "2025 Strategy for Overseas Expansion in the Environmental Field" (decided by MOEJ, June, 2018):

Utilizing Japan's wide range of technologies and experiences, MOEJ supports the energy transition of partner countries by facilitating the implementation of infrastructures and capacity-building. It is important for Japan to establish strong public-private partnerships to lead the world in the fields of renewable energy, hydrogen, energy conservation, and other low-carbon infrastructure technologies. MOEJ will disseminate and expand Japan's advanced decarbonized technologies including disaster-resistant renewable energy through the JCM.

Reference (Japanese): https://www.env.go.jp/press/105573.html

Contact information:

HORIKAWA Ryosuke, Office of Market Mechanisms,

Climate Change Policy Division, Global Environmental Bureau

Phone: +81-3-5521-8246

For Japanese

Attached File:

• JCM Financing Programme by MOEJ (FY2013～2021) [PDF 376 KB]