Last Modified: 2015/10/28
Realising Additional Emissions Reductions through the Joint Crediting Mechanism (JCM)
|Author: KOAKUTSU Kazuhisa and UMEMIYA Chisa|
|Discussion Paper / Working Paper | 2015/10 | Language: English|
Based on the current status of the JCM as a scheme, the working paper discusses how it will contribute to realising additional greenhouse gas emissions reductions. The JCM that the Government of Japan advances jointly with partnering developing country governments is a mechanism for implementing projects that deliver greenhouse gas emissions reductions in partner countries through assistance for low carbon technologies, such as energy conservation equipment and high-efficiency equipment, which require high initial capital investments. The working paper touches upon how the JCM is designed to ensure additional emissions reductions, incentivise those emissions reductions to be realised, and conduct MRV for crediting emissions reductions.