Press Release

Preliminary Selection Result for Financing Programme for JCM Model Projects in FY2020 (5th Selection)

February 1, 2021

 On February 1, 2021, the Ministry of the Environment, Japan is pleased to announce that 3 projects were selected in the fifth selection of the proposals for the Financing Programme for the Joint Crediting Mechanism (JCM) Model Projects in FY2020. The greenhouse gas (GHG) emission reductions through the JCM model projects are expected to accumulate to around 17.9million tons by 2030.

 This time, MOEJ has selected three projects to introduce renewable energy such as mini hydro power and solar power generation. MOEJ continues to contribute to the realization of a decarbonized society by promoting the JCM.

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 was accepting project proposals for FY2020 from the Japanese entities between Monday, 6 April 2020 and Friday, 30 October 2020.

 After reviewing proposals and conducting interviews, 3 proposals listed below were selected in the fifth selection. In total, 25 projects have been selected, including the first to fourth 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

Indonesia

8MW Mini Hydro Power Plant Project in Maluku Province

Aura-Green Energy Co., Ltd.

18,034

2

Chile

34MW Solar Power Project in Nuble Region

Sharp Energy Solutions Corporation

25,576

3

Thailand

30MW Floating Solar Power Project in Industrial Park

Shizen Energy Inc.

13,739

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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