Joint Press Release with the Ministry of Foreign Affairs and the Ministry of the EnvironmentJapan and Costa Rica Signed a Low Carbon Growth Partnership-For Promoting the Joint Crediting Mechanism-
On December 9, 2013, a document concerning the Joint Crediting Mechanism (JCM) was signed in Tokyo by H.E. Mr. Nobuteru Ishihara, Minister of the Environment, and H.E. Dr. Rene Castro Salazar, Minister of Environment and Energy, the Republic of Costa Rica, during Minister Salazar’s visit to Japan.
1. Agreement concluded between Japan and Costa Rica
On December 9, 2013, a document concerning the JCM between Japan and Costa Rica was signed by Minister Ishihara and Minister Salazar.
The signing ceremony was held with H.E. Mr. Alvaro Antonio Cedeno Molinari, Ambassador of Costa Rica to Japan, and other officials from the Government of Costa Rica as well as officials from the Government of Japan attending.
Both countries will establish a joint committee to operate the JCM. Under this mechanism, Japan will implement various projects that will reduce greenhouse gas emissions in Costa Rica, utilizing Japan’s low-carbon technology. Through the mechanism, Japan will contribute not only to Costa Rica’s environment and economic growth but also to international efforts to prevent global warming.
2. Outline of the bilateral document
- To promote the Low Carbon Growth Partnership between Japan and Costa Rica, both sides will establish the JCM and also establish a joint committee to operate it.
- Both sides mutually recognize that verified emission reductions or removal by the mitigation projects under the JCM can be used as a part of their own internationally pledged greenhouse gas mitigation efforts.
- Both sides ensure transparency and the environmental integrity of the JCM and that neither side will use any mitigation projects registered under the JCM for the purpose of any other international climate mitigation mechanisms.
Reference: Joint Crediting Mechanism
The Joint Crediting Mechanism (JCM) is a program in which Japan’s contribution to the reduction and removal 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, the Ministry of Foreign Affairs (MOFA), the Ministry of Economy, Trade and Industry (METI), and the Ministry of the Environment (MOE) are jointly proceeding with bilateral negotiations with countries that are interested in the mechanism. This Japan-Costa Rica partnership is the ninth partnership signed by Japan for this purpose following the partnerships signed with Mongolia, Bangladesh, Ethiopia, Kenya, the Maldives, Viet Nam, Lao PDR and Indonesia, and the first partnership in the Latin America region.
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December 9, 2013
Division in Charge
Global Environmental Partnership and Technologies Office, Industrial Science and Technology Policy and Environment Bureau