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Joint Press Release with the Ministry of Foreign Affairs and the Ministry of the EnvironmentJapan and Cambodia Signed a Low Carbon Growth Partnership-For Promoting the Joint Crediting Mechanism-

On April 11, 2014, a document concerning the Joint Crediting Mechanism (JCM) was signed in the Kingdom of Cambodia by H.E. Mr. Yuji Kumamaru, Ambassador Extraordinary and Plenipotentiary of Japan to Cambodia, and H.E. Dr. Say Samal, Minister of Environment, Cambodia.

1. Agreement concluded between Japan and Cambodia

On April 11, 2014, a document concerning the JCM between Japan and Cambodia was signed by Ambassador Kumamaru and Minister Samal.

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 Cambodia, utilizing Japan’s low-carbon technology. Through the mechanism, Japan will contribute not only to Cambodia’s environment and economic growth but also to international efforts to prevent global warming.

2. Outline of the bilateral document

The outline of the document is as follows. For the original text, see the Appendix.

  • To promote the Low Carbon Growth Partnership between Japan and Cambodia, both sides will establish the JCM and also establish a joint committee to operate it.
  • Both sides mutually recognize that verified emission reductions or removals by the mitigation projects under the JCM can be used as a part of Japan’s internationally pledged greenhouse gas mitigation efforts and Cambodia’s nationally appropriate mitigation actions (NAMA).
  • 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-Cambodia partnership is the 11th partnership signed by Japan for this purpose following the partnerships signed with Mongolia, Bangladesh, Ethiopia, Kenya, the Maldives, Viet Nam, Lao PDR and Indonesia, Costa Rica, and Palau.

For more information, visit the following website:
http://www.meti.go.jp/english/policy/energy_environment/global_warming/challenges.html

Appendix

Low Carbon Growth Partnership between the Japanese side and the Cambodian side(PDF:31KB) PDF File (full text of the document)

Note: The name of the program has been changed from the “Bilateral Offset Credit Mechanism” to the “Joint Crediting Mechanism” to describe it in simpler terms.

Release Date

April 11, 2014

Division in Charge

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

Ministry of Economy, Trade and Industry
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