Joint Crediting Mechanism (JCM)-Related Activities Undertaken in FY2017(April 2017 to March 2018)
Global Environment Technology Promotion Division
International Affairs Department
International Affairs Department
December 7, 2018
At the twenty-third session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) held in November 2017, a facilitative process called the Talanoa Dialogue was launched to take stock of collective efforts to reduce greenhouse gas emissions in line with the long-term goals of the Paris Agreement. The ultimate aim of the dialogue process is to help UNFCCC parties increase the ambition of their nationally determined contributions (NDCs).
As part of the dialogue process, many parties and non-party stakeholders have submitted “stories” (such as experiences, practices, and strategies) that share ideas and information on UNFCCC-related topics. In its key message submitted for the dialogue, the Japanese government expressed its intent to contribute to the achievement of drastic reductions in global emissions through a concept called “co-innovation.” Under this concept, Japan intends to work together with partner countries by sharing its advanced technology and know-how, and establish a mutually beneficial relationship that can create markets for products, services, and technologies that reflect the challenges and needs of partner countries.
In this regard, the New Energy and Industrial Technology Development Organization (NEDO) can share instructive outcomes from its studies and demonstration projects that utilize the Joint Crediting Mechanism (JCM), which highlight NEDO’s considerable experience with carrying out R&D, demonstrations, and deployments of low-carbon technologies.
The JCM has been advocated by the Japanese government as a way to introduce low-carbon and high-efficiency technologies, products, systems, services, and infrastructure to JCM partner countries and serves as one of Japan’s contributions to the mitigation of climate change.
As one of Japan’s facilitators of the JCM, NEDO has carried out feasibility studies since FY2011 and demonstration projects since FY2013. Drawing on this experience, NEDO aims to contribute to the UNFCCC objective of reducing greenhouse gas emissions not only by disseminating low-carbon technologies but also by providing practical advice regarding ways to implement market mechanisms allowing emission reductions realized in other countries to count toward NDCs.
Feasibility studies for the exploration of JCM demonstration projects have also been implemented in countries with whom Japan has not yet signed the bilateral documents.
Up until FY2017, NEDO has carried out eight JCM demonstration and verification projects, and five JCM feasibility studies were newly completed in FY2017. Information regarding these activities can be accessed by clicking on the links below.
List of the Feasibility Studies
[●]: Feasibility Studies for Project Development and Organization
- [●]Feasibility Study for the Project Development of CCUS (CO-EOR) in South Sumatra, Indonesia （Japan Petroleum Exploration Co. Ltd. (Lead) / Sojitz Corporation）
- [●]Improvement of Power Generation Efficiency by Upgrading Gas Turbines in Thailand （Mizuho Information & Research Institute, Inc. / Mitsubishi Hitachi Power Systems, Ltd.）（125KB）
- [●]Feasibility Study on Development and Standardization of a Power Digital Solution for Utilities in the ASEAN Region （Marubeni Corporation）（86KB）
- [●]Demand Response Using High-Efficiency Air Conditioning in Cooperation with the Power Sector in Vietnam （THE Power Grid Solution Ltd. / Daikin Industries, Ltd.）（242KB）
- [●]Feasibility Study for Floating PV Generation Projects at Existing Hydroelectric Dams in Vietnam (Green Pacific Co.,Ltd., MaedaCorporation / Kyoraku Co., Ltd.)（278KB）
For further information, please contact the NEDO Global Environment Technology Promotion Division though the inquiry link at the top of this page.