Joint Crediting Mechanism
Joint Crediting Mechanism
About JCM
Basic Concept of the Joint Crediting Mechanism (JCM)
- Facilitating diffusion of leading decarbonization technologies, products, systems, services, and infrastructure as well as implementation of mitigation actions, and contributing to sustainable development of developing countries.
- Appropriately evaluating contributions from Japan to GHG emission reductions or removals in a quantitative manner and use them to achieve Japan's emission reduction target.
- Contributing to the ultimate objective of the UNFCCC by facilitating global actions for GHG emission reductions or removals.
Japan establishes and implements the JCM in order both to appropriately evaluate contributions from Japan to GHG emission reductions or removals in a quantitative manner achieved through the diffusion of low carbon technologies, products, systems, services, and infrastructure as well as implementation of mitigation actions in developing countries, and to use them to achieve Japan's emission reduction target. As of January 2017, Japan has started the JCM with 17 partner countries (Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Viet Nam, Lao PDR, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand and Philippines).
The rules and guidelines adopted under the Joint Committee established by Japan and each partner country as well as up-to-date information on methodologies and projects are uploaded on the JCM website.
Relevant documents of the JCM
| Date | Title |
|---|---|
| Aug 19, 2019 | Recent Development of the Joint Crediting Mechanism (JCM) |