Joint Press Release with the Ministry of the Environment and the Ministry of Agriculture, Forestry and FisheriesPreparatory Committee for Formulating New Credit System to be Established and Its First Meeting to be Held

METI, MOE, and MAFF jointly established a Study Group for a New Domestic Clean Development Mechanism (CDM) in April, 2012. The study group discussed an ideal domestic CDM and Offset Credit (J-VER) Scheme and on August 2, 2012, disclosed the Final Report of the Direction of the New Credit System. In the report compiled, the group proposed the integration of the domestic CDM system and the J-VER scheme as an ideal credit system from FY2013.

In response to the proposal, related ministries and agencies have been developing examinations, aiming to launch the new credit system by integrating the domestic CDM system and the J-VER scheme. The ministries have now decided to create a preparatory committee to discuss the new credit system, and the committee will discuss possible provisions required to run the new credit system. For the summary of the final report and details of the domestic CDM system and J-VER scheme, please see Appendices (in Japanese).

The first meeting of the preparatory committee

Date: 15:00-17:00, Wednesday, March 13, 2013

Venue: Hall 3A, TKP Tokyoekiyaesu Conference Center

http://tkptokyo-cc.net/room_h3a.shtml (in Japanese)

1. Provisions and other rules of the new credit system
2. Future schedules
3. Other issues

• Mr. Shinpei Ichimaru, Senior Manager, Foundation for Promoting Personal Mobility and Ecological Transportation
• Mr. Tadashi Otsuka, Professor, School of Law, Waseda University
• Ms. Yasuko Kameyama, Head, Center for Social and Environmental Systems Research (Sustainable Social Systems Section), National Institute for Environmental Studies
• Mr. Yoichi Kaya, Director-General, Research Institute of Innovative Technology for the Earth (RITE)
• Mr. Hiroki Kudo, Director, Institute of Energy Economics, Japan
• Mr. Minoru Kumazaki, Professor Emeritus, University of Tsukuba
• Mr. Noriyuki Kobayashi, Visiting Professor, Graduate School of Law, Nihon University
• Mr. Takahiro Nakaguchi, Chief, Research Institute for Local Initiative of Environmental Policies,
  Coalition of Local Government for Environmental Initiative, Japan
• Mr. Ikufumi Niimi, Professor, School of Law, Meiji University
• Mr. Yasushi Ninomiya, Director, Market Mechanism Group, Institute for Global Environmental Strategies
• Mr. Seiji Hashimoto, Professor, Department of Environmental Systems Engineering, College of Science and Engineering, Ritsumeikan University
• Mr. Kohei Hara, Managing Director, Norinchukin Research Institute Co., Ltd
• Mr. Norio Maeda, Partner Lawyer, Nishimura & Asahi
• Mr. Ryuji Matsuhashi, Professor, School of Engineering, University of Tokyo
• Mr. Yutaka Maruyama, Professor, College of Bioresource Science, Nihon University
• Mr. Tsutomu Miyagi, Managing Director, Japan Chamber of Commerce and Industry
• Mr. Satoshi Mukuta, Director, Japan Business Federation
• Mr. Kenji Yamaji, Director General, RITE

1. If you wish to observe the meeting, please send an application via email or FAX for registration not later than 12:00 pm, Friday, March 8, 2013, including the fact that you would like to observe the first meeting of the Preparatory Committee for the New Credit System, your name, contact address (your email address, telephone or FAX number), and your occupation (your division and position) to the following contact address.
2. In principle, one application for observation is required per company. Participants will be selected by lottery in case the number of applicants exceeds the maximum number of participants. If you are selected, please bring a printout of our reply email or FAX of your application form with you as an admission ticket when you attend the meeting.
3. For those related to media wishing to report at the meeting, please register in advance before 12:00 pm, Friday, March 8, 2013, by contacting the address below. If you wish to take photographs, please let us know when sending your email or FAX for registration. Photographs may only be taken at the beginning of the meeting.

Contact details for registration

Email: j-cdm@meti.go.jp

FAX number: 03-3501-7697

• Appendix 1(PDF:310KB) (in Japanese)
• Appendix 2(PDF:395KB) (in Japanese)

March 5, 2013

Environmental Economy Office, Industrial Science and Technology Policy and Environment Bureau