Joint Crediting Mechanism

 /  2021-4-30
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The Government of Japan launched the Gr(JCM) under the United Nations Framework Convention on Climate Change. It is regarded as one of the cooperative approaches stipulated in Article 6 of the Paris Agreement. It describes the framework

and key features of the JCM to assist stakeholders in developing a deeper understanding of this new and, in fact, first-ever bilateral carbon market mechanism.

The JCM is project-based non-tradable crediting mechanism, implemented by Japan and the host country through agreements between the two countries.

As of today, 17 countries have signed bilateral agreements with Japan on the JCM. Mongolia was the first host country to sign a JCM bilateral agreement, kick-starting the JCM in January 2013.

Since the implementation of JCM in Mongolia, there are 5 registered projects, 3 approved methodologies, and numbers of feasibility studies have been undertaken under the cooperation and 7 model projects and 1 demonstration project actively implementing under the JCM scheme.

Currently, a total of 18,311 t-CO2e credits issued for Mongolia for 5 projects whereas so far in other 7 countries have been issued 82,877 t-CO2e credits for the 35 projects.

 

For more information please visit the official JCM Mongolia website: http://www.jcm-mongolia.com/

 

MODEL PROJECTS:



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