Joint Press Release with the Ministry of Foreign Affairs and the Ministry of the EnvironmentJapan and Mongolia Signed a Bilateral Document Concerning the Joint Crediting Mechanism-The First Partnership Signed for the Joint Crediting Mechanism-

1. On January 8, 2013, Japan and Mongolia signed in Ulaanbaatar, Mongolia, a bilateral document concerning the JMC (the "Low Carbon Development Partnership between the Japanese side and the Mongolian side"). Both countries will establish a joint committee to operate the JMC. Japan will contribute to international efforts to prevent global warming by facilitating the reduction of greenhouse gas emissions in Mongolia through the mechanism.
2. The signing ceremony was attended by Ms. Oyun, along with many government officials and other concerned parties from Mongolia. After the ceremony, a seminar explaining the JCM was also held, and officials from METI, MOFA, and MOE described the details of the JCM to participants, while introducing the feasibility study for the project for enhancing power grid and coal-fired power plant efficiency, which is now being conducted by a private sector party, commissioned by METI.

The Joint Crediting Mechanism is a program in which Japan's contribution to reduction and absorption of greenhouse gas emissions in partner countries through transferring Japan's low-carbon technology and products is calculated and evaluated as credits for contribution. Currently, MOFA, METI, and MOE are jointly proceeding with bilateral negotiations with countries that are interested in the mechanism. This Japan-Mongolia partnership is the first partnership signed by Japan for this purpose.

• To promote the Low Carbon Development Partnership between Japan and Mongolia, both countries will establish the JCM and also create a joint committee to operate the JCM.
• Both countries mutually recognize that reductions or removal of emissions under the JCM can be used as a part of their own internationally pledged greenhouse gases mitigation efforts.
• Both countries ensure the transparency and the environmental integrity of the JCM, and do not use it for the purpose of any other international climate mitigation mechanism.

• Bilateral document concerning the Joint Crediting Mechanism (the "Low Carbon Development Partnership between the Japanese side and the Mongolian side")(PDF:32KB)

January 8, 2013

Global Environmental Partnership and Technologies Office, Industrial Science and Technology Policy and Environment Bureau