Japan and United Arab Emirates sign the Memorandum of Cooperation for Establishing the JCM

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１． On April 16, 2023, witnessed by KUNISADA Isato, Parliamentary Vice-Minister of the Environment, Japan, Mr. NISHIMURA Yasutoshi, Minister of Economy, Trade and Industry, Japan, and H.E. Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology and UAE Special Envoy for Climate Change signed the Memorandum of Cooperation on the Joint Crediting Mechanism (JCM) in Sapporo, the Venue for the G7 Ministers’ Meeting on Climate, Energy and Environment. As a result, the JCM will be officially launched in the United Arab Emirates, becoming the twenty-sixth partner country along with Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Viet Nam, Lao PDR, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand, Philippines, Senegal, Tunisia, Azerbaijan, Moldova, Georgia, Sri Lanka, Uzbekistan, and Papua New Guinea.

２． Going forward, under the JCM with United Arab Emirates, Japan will contribute to the achievement of the NDC (nationally determined contribution) of both countries by leading decarbonizing technologies and infrastructure, etc. in United Arab Emirates. In addition, Japan will contribute to global decarbonization, by implementing the JCM as a market mechanism under Article 6 of the Paris Agreement, promoting greenhouse gas emission reductions and removals on a global scale, and promoting sustainable development.

【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 United Arab Emirates (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.
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.

【Reference 2】Grand Design and Action Plan for a New Form of Capitalism and Follow-up (Cabinet decision, June 2022)
https://www.cas.go.jp/jp/seisaku/atarashii_sihonsyugi/pdf/fu2022.pdf (Available in Japanese)
“For the expansion of the JCM, the government of Japan accelerates consultations with relevant countries, aiming to increase the JCM partner countries up to around 30 by 2025.”

Attached File

Memorandum of Cooperation on the Joint Crediting Mechanism between the Government of Japan and the Government of the United Arab Emirates[PDF 70KB]

Contact

Office of Director for International Cooperation for Transition to Decarbonization and Sustainable Infrastructure, Global Environmental Bureau