Joint Crediting Mechanism (JCM)Equipment installation support using JCM
The Joint Crediting Mechanism (JCM) contributes to reducing GHG emissions on a global scale by spreading outstanding Japanese low-carbon technologies. YUASA TRADING has experience applying and obtaining approval for several JCM model projects.
1．Overview of the Joint Crediting Mechanism (JCM)
Japan has established and implements the JCM for appropriately evaluating the contributions from Japan to the reduction or removal of GHG emissions in a quantitative manner through the diffusion of decarbonizing technologies, products, systems, services and infrastructure. JCM also helps Japan achieve its emission reduction target by implementation of mitigation actions in developing and other countries.
JCM Partner Countries
(as of August 31st, 2024)
Joint Crediting Mechanism (JCM) process
JCM Model Projects Flow
| Call for Proposal | Evaluation of proposals(Proposal review & interview with applicants, Inquiry of PIN*1 to partner countries) | Selection of model projects |
|---|---|---|
| Review of application documents*2 | Notice of contract of financing | |
| Model Projects Start | Implementation of model projects within 3 years | Disbursement of part of financial support (Upon request during implementation) Final reports |
| Final Inspection | ||
| Disbursement of financial support | Disbursement of financial support | |
| MRV | Measurement | Representative Participant of JCM Model Projects shall conduct measurement, reporting and verification (MRV) of the GHG emission reductions realized after installation and commissioning of the facilities/equipment for the issuance of JCM credits. |
| Reporting | ||
| Verification | ||
| Credit Issuance |
*1 PIN: The Project Idea Note is a proposal document shared with a partner country prior to the selection as a JCM Model Project to inquire if there is any objection.
*2 Submission of application should be done within 30 days after the selection of model projects so that the notice of contract of financing can be established within 60 days after the selection.
2．Track record of JCM
This project is to install a solar power system to an automotive parts factory with the JCM Eco Lease Scheme.
Electricity generated by the solar system is used for their self-consumption and reduces greenhouse gas (GHG) emissions by replacing part of the grid electricity.
This is the first introduction of the JCM Eco Lease Scheme in Mexico.
Expected GHG Emission Reductions：392 tCO2-eq./year
