Press Release
August 25, 2022
- Global Environment
Japan and the Republic of Senegal sign the Memorandum of Cooperation for establishing the JCM
- On August 25th,2022 , Mr. IZAWA Osamu, Ambassador Extraordinary and Plenipotentiary of Japan to the Republic of Senegal and H.E. Mr. Adbou Karim SALL, Minister of Environment and Sustainable Development of the Republic of Senegal, signed the Memorandum of Cooperation on the Joint Crediting Mechanism (JCM) in the Republic of Senegal. As a result, the JCM will be officially launched in the Republic of Senegal, becoming the eighteenth partner country along with Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Viet Nam, Lao PDR, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand, and Philippines.
- Going forward, under the JCM with Senegal,Japan will contribute to the achievement of the NDC (nationally determined contribution) of both countries by leading decarbonizing technologies and infrastructure, etc. in Senegal. In addition, by implementing the JCM as a market mechanism under Article 6 of the Paris Agreement and promoting greenhouse gas emissions reductions and removals on a global scale and sustainable development, Japan will contribute to global decarbonization.
Outline of the Memorandum of Cooperation
- In order to pursue the Paris Agreement's 2°C target and 1.5°C effort target, and to address climate change, the Government of Japan and the Government of Senegal (hereinafter referred to individually as the "government" and collectively as "both governments") establish and implement the Joint Crediting Mechanism (JCM). Also, both governments establish the Joint Committee consisting of representatives from each government to implement the JCM.
- Both governments mutually recognize that part of the JCM credits issued from emission reductions and removals under the JCM may be used towards the achievement of Japan's NDC as internationally transferred mitigation outcomes in accordance with the guidance on cooperative approaches referred to in Article 6.2 of the Paris Agreement (hereinafter referred to as the "guidance").
- Each government may authorize part of JCM credits for use for other international mitigation purposes, as appropriate, consistent with the guidance.
- Both governments ensure the transparency and environmental integrity of the JCM and maintain it simple and practical.
【Reference 1】Positioning of the JCM in the Plan for Global Warming Countermeasures (Cabinet decision, October 2021)
http://www.env.go.jp/earth/ondanka/keikaku/211022.html (Available in Japanese)
- Japan will establish and implement the 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.
https://www.cas.go.jp/jp/seisaku/atarashii_sihonsyugi/pdf/fu2022.pdf (Available in Japanese)
- “For the expansion of the JCM, the government accelerates consultations with relevant countries, aiming to increase the JCM partner countries up to around 30 by 2025.”
