Press Release

March 03, 2025

Global Environment

Result of First Joint Committee of the Joint Crediting Mechanism (JCM) between Japan and Uzbekistan

日本語へ

On February 26, 2025, the first meeting of the Joint Committee of the Joint Crediting Mechanism (JCM)* between the Republic of Uzbekistan and Japan was held and on the following day, February 27, "Uzbekistan JCM Seminar" was organized to promote further dissemination of the JCM in Uzbekistan.

■　Overview of the Joint Committee Meeting and JCM Seminar

The Joint Committee is established on the basis of bilateral document of the JCM, and consists of representatives of Japan and of the partner country which adopts rules and guidelines of the JCM. It approves methodologies, registers projects and notifies Japan and the partner country of the amount of JCM credits to be issued. This was the first Joint Committee meeting between Uzbekistan and Japan, where JCM rules were adopted, and information was exchanged regarding JCM initiatives and Article 6 of the Paris Agreement. The JCM seminar was held on the following day aimed to disseminate information about the JCM framework to government agencies and private companies, and included presentations on project details from companies implementing JCM projects.

■　1st Joint Committee Meeting between Japan and Uzbekistan

(1) Overview

Date: February 26, 2025 10:00–13:00 (Japan time 14:00–17:00)

Hosted by: Ministry of the Environment, Japan; Ministry of Economy and Finance, Republic of Uzbekistan

Venue: Ministry of Economy and Finance, Republic of Uzbekistan (held in a hybrid format)

(2) Participants

(Japan Side)

・ Mr. HARADA Kazuya, Counsellor, Embassy of Japan in Uzbekistan (Co-Chair)

・ Ms. UNO Kimi, Second Secretary, Embassy of Japan in Uzbekistan

・ Mr. ADACHI Muneki (online), Negotiator for Climate Change, Climate Change Division, International Cooperation Bureau, Ministry of Foreign Affairs

・ Mr. KOIZUMI Naoki (online), Deputy Director, Climate Change Division, International Cooperation Bureau, Ministry of Foreign Affairs

・ Mr. MITSUI Hiroyuki, Deputy Director, Global Environmental Affairs Office, GX Policy Group, Ministry of Economy, Trade and Industry

・ Mr. SUMITOMO Yojiro, Officer (Joint Crediting Mechanism), Global Environmental Affairs Office, GX Policy Group, Ministry of Economy, Trade and Industry

・ IINO Satoru (online), Director, Office of International Carbon Market, Global Environment Bureau, Ministry of the Environment

・ UGA Maiko (online), Program manager for International Carbon Markets, Office of International Carbon Market, Global Environment Bureau, Ministry of the Environment

・ KINAME Kohei (online), Deputy Director, Office of International Carbon Market, Global Environmental Bureau, Ministry of the Environment

・ MORI Kaname (online), Office of International Carbon Market, Global Environmental Bureau, Ministry of the Environment

and 11 observers and 5 secretariat members

(Uzbekistan Side)

・ Mr. Shokhzod Islamov, Director of Green Economy Development Department, Ministry of Economy and Finance (Co-Chair)

・ Mr. Temur Malik Narzikulov, Director of the Center for Green Economy Projects under Ministry of Economy and Finance

・ Mr. Bekhruz Mirzaev, Director of Department of Environmental Diplomacy and Green Economy Projects, Ministry of Energy

・ Mr. Shavkatjon Kodirov, Director of Department of the Climate Change Impact Assessment, Agency of Hydrometeorological Service

・ Ms. Sayyora Abdullaeva, Head of Division of the International Cooperation Coordination, National Center on Climate Change under the Ministry of Ecology, Environmental Protection and Climate Change

・ Ms. Lolita Mirahmedova, Chief Specialist, Green Economy Development Department, Ministry of Economy and Finance

and 2 secretariat members

(3) Main Agenda and Summary of Results

[1] Opening

At the beginning of the meeting, Mr. HARADA Kazuya, Counsellor, Embassy of Japan in the Republic of Uzbekistan expressed his gratitude to the Government of the Republic of Uzbekistan and other relevant parties from both countries for all cooperation in organizing the Joint Committee and emphasized the importance of ongoing cooperation between the two countries regarding the JCM. In response, Mr. Shokhzod Islamov, Director of Green Economy Development Department, Ministry of Economy and Finance of the Republic of Uzbekistan conveyed strong expectations for the JCM to support the achievement of Uzbekistan’s Nationally Determined Contribution (NDC).

[2] Organizational matters

The Rules of Procedures for the Joint Committee were adopted and Co-Chairs were appointed.

[3] Rules and Guidelines

The Joint Committee adopted the rules and guidelines for implementing the JCM consistent with Article 6 of the Paris Agreement.

[4] Uzbekistan and Japan Policy Dialogue on the JCM

There were presentations on the Japanese government's financing programmes for the JCM, JCM Global Match, the JCM Registry System, and policy trends regarding carbon trading in Uzbekistan, and there was an exchange of opinions.

Moving forward, JCM projects in Uzbekistan can be implemented based on the adopted rules and guidelines. These rules and the meeting report will be published on the JCM website (https://www.jcm.go.jp/) in due course.

■　Uzbekistan JCM Seminar

(1) Overview

Date: February 27, 2025 10:00–13:00 (Japan time 14:00–17:00)

Organized by: Ministry of Economy and Finance of Republic of Uzbekistan (MOEF); Center for Green Economy Projects (CGEP) under the Ministry of Economy and Finance of Republic of Uzbekistan; Ministry of the Environment (MOE), Japan, Ministry of Economy, Trade and Industry (METI), Japan; and Overseas Environmental Cooperation Center, Japan (OECC)

Venue: International Hotel Tashkent, Crystal Ballroom (held in a hybrid format)

Program:

・ Opening Remarks

・ Information Sharing on the JCM

・ Case Study of JCM projects and Finance scheme

・ Closing Remarks

(2) Participants

A total of 206 participants from government agencies and private companies (149 in-person, 57 online) attended.

(3) Program

• Opening Remarks:

・ H.E. Mr. Umid Abidkhadjaev, Deputy Minister, Ministry of Economy and Finance of the Republic of Uzbekistan (MOEF)

・ H.E. Mr. HATORI Takashi, Ambassador Extraordinary and Plenipotentiary of Japan to the Republic of Uzbekistan

• Information Sharing on the JCM:

・ Mr. Abdujalil Makhmudov, Green Economy Development Department, Ministry of Economy and Finance of the Republic of Uzbekistan (MOEF)

　(Uzbekistan’s Policy for Decarbonization and potential sectors for the JCM project development)

・ Mr. Temur Malik Narzikulov, Center for Green Economy Projects (CGEP)

　(The treatment of environmental values under the Cabinet of Ministers of the Republic of Uzbekistan Decision and its relationship with JCM credits)

・ Mr. SUMITOMO Yojiro, Officer (Joint Crediting Mechanism), Global Environmental Affairs Office, GX Policy Group, Ministry of Economy, Trade and Industry, Japan

　(Basic Scheme & Recent Developments of the Joint Crediting Mechanism (JCM))

・ Ms. YAMAGUCHI Kaoru, Manager, Financing Programme Group, Tokyo Office, Global Environment Centre Foundation (GEC)

　(Financing Programme for JCM Model Projects and JCM Global Match)

・ Ms. TAKAGI Haruno, Researcher, Overseas Environmental Cooperation Center, Japan (OECC)

　(JCM Project Development points for the local partners)

• Case Study of JCM projects and Finance scheme:

・ Mr. IWAI Masayuki, President, Farmdo Co., Ltd.

　(Leading Innovation in Agrivoltaics)

・ Mr. IMABAYASHI Makoto, Manager, Energy and Healthcare Division Energy Solutions Business Dept.2 Middle East & Central Asia Section, Sojitz Corporation

　(Sojitz activities in Uzbekistan and report of our JCM-FS in FY2024)

・ Mr. MURAYAMA Takahiro, Climate Change Specialist, Asian Development Bank (ADB)

　(Introduction of the Japan Fund for the Joint Crediting Mechanism (JFJCM))

・ Mr. TOKUDA Takahide, Heat Pump & Thermal Storage Technology Center of Japan

　(Introduction to Japan's heat pump technology and business mode)

• Closing Remarks:

・ Mr. IINO Satoru, Director, Office of International Carbon Market, Global Environment Bureau, Ministry of the Environment, Japan

Program details, speakers, presentation materials, and other documents are available at the following sites:

　Announcement of Seminar to promote the Joint Crediting Mechanism (JCM) implementation in Uzbekistan

　http://carbon-markets.env.go.jp/en_info-2/en_info_event/y-2025/20250227/

　Result of Seminar to promote the Joint Crediting Mechanism (JCM) implementation in Uzbekistan
　(The page below will be updated in due time.)

　http://carbon-markets.env.go.jp/eng/

(4) Summary of Results

The Uzbekistan government provided an overview of climate change measures in Uzbekistan, while Japanese government officials presented the latest developments on the JCM and government support projects. Additionally, Japanese companies introduced projects related to wind power generation being conducted in Uzbekistan as the JCM feasibility study, as well as potential initiatives in Uzbekistan related to agricultural solar power generation and district heating. The Q&A session facilitated meaningful discussions regarding the processes for advancing JCM project formation.

* The JCM aims to promote diffusion of leading decarbonization technologies, products, systems, services, and infrastructure in partner countries, consistent with Article 6 of the Paris Agreement, while also contributing to sustainable development in those countries. Through the mitigation actions implemented in partner countries, it appropriately evaluates Japan's contributions to GHG emission reductions or removals in a quantitative manner and Japan uses them to achieve its NDC. The JCM contributes to the ultimate objective of the UNFCCC by facilitating global actions for GHG emission reductions or removals.

http://carbon-markets.env.go.jp/eng/jcm/