Press Release

March 31, 2022
  • Global Environment

1st issuance of credits from the Joint Crediting Mechanism between Bangladesh and Japan

On March 28, the Joint Committee of the Joint Crediting Mechanism (JCM) between Bangladesh and Japan decided to notify each side of the quantities of credits to be issued for the projects below. This is the first issuance of JCM credits between Bangladesh and Japan, and the projects are supported by the Financing Programme for JCM Model Projects by the Ministry of the Environment, Japan (MOEJ). Based on the contribution to the projects, the Government of Japan (GoJ) will acquire 251 tons of credits.

Project title Monitoring period

Notified amount

of credits

to be issued (tCO2eq)


GoJ will acquire

Installation of High Efficiency Centrifugal Chiller for Air Conditioning System in Clothing Tag Factory in Bangladesh

01 Mar 2017 -

31 Jul 2019

(29 months)
144 73
Introduction of PV-diesel Hybrid System at Fastening Manufacturing Plant

01 Jun 2016 -

31 Jul 2019

(38 months)
355 178

About the Joint Crediting Mechanism:

  • Japan will establish and implement the Joint Crediting Mechanism (JCM) in order to quantitatively evaluate contributions of Japan to greenhouse gas emission reductions and removals which are achieved through the diffusion of, among others, leading decarbonizing technologies, products, systems, services, and infrastructures as well as through the implementation of measures in developing countries and others, and in order to use such contributions to achieve Japan's NDC. By doing so, through public-private collaborations, Japan aims to secure accumulated emission reductions and removals at the level of approximately 100 million t-CO2 by fiscal year 2030. Japan will appropriately count the acquired credits to achieve its NDC.

  • 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.

Implementation of Article 6 following COP26 - Ministry of the Environment, Japan

  • At COP26, the Rulebook for Article 6 (market mechanisms) of the Paris Agreement was concluded, paving the way for utilizing market mechanisms to reduce global emissions.

  • Leading Article 6 negotiations and being a frontrunner with the experience of the JCM, Japan will take the following three actions to contribute to global decarbonization.

    1. Expand JCM partner countries and strengthen project development and implementation in collaboration with international organizations;

    2. Scale up the JCM by mobilizing further private finance; and

    3. Contribute to the global operationalization of market mechanisms.

Find out more about the JCM:

Japan's Nationally Determined Contribution (NDC):

Contact information:

UGA Maiko

Office of Market Mechanisms,

Climate Change Policy Division,

Global Environmental Bureau

Ministry of the Environment, Japan

Phone: +81-3-5521-8246


For Japanese

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