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BOCM Feasibility Studies FY2012

<Dissemination and Promotion of Global Warming Countermeasure Technology>Feasibility Studies with the Aim of Developing a Bilateral Offset Credit Mechanism FY2012
November 28, 2012

 The Cancun Agreement reached in Cancun, Mexico at the 2010 United Nations Climate Change Conference (COP16), adopted decisions to consider new market-based mechanisms at the seventeenth session of the Conference of the Parties (COP17) in Durban, South Africa in 2011. Following the Cancun Agreement at COP16 and Durban platform from COP17, consideration of new market-based mechanisms will start kicking at COP18, scheduled from November 26th to December 7th 2012, in Doha, Qatar.
 In this respect, the Japanese government has been proposing new market mechanisms, tentatively called the “Bilateral Offset Credit Mechanism (BOCM)” to be designed, established, and implemented reflecting the domestic circumstances of individual countries, and introduction of mechanisms not only with centralized governance schemes similar to the Kyoto Mechanisms but also with decentralized governance schemes also to be considered.
 In concert with the Japanese government’s initiative above, in an effort to establish the BOCM, the New Energy and Industrial Technology Development Organization (NEDO) has implemented various Feasibility Studies throughout FY2011-2012. We have additionally adopted 21 surveys in 2012, which demonstrates the effectiveness of low carbon technologies and products in overseas countries and supports the exploration and organization of projects leading to substantial GHG emission reduction around the globe.
 The main purpose of the FS survey is to establish methodologies for assessing business prospects for dissemination and transfer of low carbon technologies, evaluation techniques of emission reduction effects, and conduct researches on financing among other schemes in relation to project implementation, environmental improvement measures, etc.
 The Feasibility Studies establishes methodologies for assessing business prospects for dissemination and transfer of low carbon technologies, evaluation techniques of emission reduction effects, and conducts researches on financing among other schemes in relation to project implementation, environmental improvement measures, etc.
 The concept, design, system building of new market mechanisms will be further considered. NEDO is confident that the Feasibility Study results of the adopted projects will be fully utilized in these deliberations and that the efforts for implementation will be advanced. We are hopeful that it would work to enhance understanding of Japan’s pioneering initiatives and will help to deliberate new market based mechanisms and a new framework beyond 2013.

List of Feasibility Studies
[◆]:Studies for Project Exploration and Planning,
[●]:Studies for Project Development and Organization
[■]:Studies for Project Follow-up Study for Project Development and Organization

D: Djibouti

E: Ethiopia

I : India

 : Indonesia

K: Kazakhstan

M: Malaysia

 : Mozambique

 : Myanmar

P: Philippines

S: small island nations and maritime nations

T: Thailand :

V: Vietnam :