Ministry of Economy, Trade and Industry
Font Size Change
S
M
L

Joint Press Release with the Ministry of Foreign Affairs and the Ministry of the EnvironmentJapan and the Republic of the Union of Myanmar Establish Joint Crediting Mechanism- The Republic of the Union of Myanmar Becomes the 15th Signatory Country -

On September 16, 2015, Mr. Tateshi Higuchi, Ambassador Extraordinary and Plenipotentiary of Japan to the Republic of the Union of Myanmar, and Dr. Thet Thet Zin, Deputy Minister for Environmental Conservation and Forestry of the Republic of the Union of Myanmar, established a Joint Crediting Mechanism (hereinafter referred to as “JCM”) and signed a bilateral document to operate the JCM in the Republic of the Union of Myanmar.
The Republic of the Union of Myanmar became the 15th signatory country. Through the JCM, Japan and the Republic of the Union of Myanmar will strengthen their cooperation on environment- and energy-related issues.

1. Japan and the Republic of the Union of Myanmar establish JCM

On September 16, 2015, Mr. Tateshi Higuchi, Ambassador Extraordinary and Plenipotentiary of Japan to the Republic of the Union of Myanmar, and Dr. Thet Thet Zin, Deputy Minister for Environmental Conservation and Forestry of the Republic of the Union of Myanmar, signed the bilateral document related to the Joint Crediting Mechanism (JCM) in the Republic of the Union of Myanmar.
Both countries will establish a joint committee together to operate the JCM. Under this mechanism, Japan will implement various projects using advanced low-carbon technologies to reduce greenhouse gas emissions in Myanmar. Leveraging this mechanism, Japan will contribute not only to the resolution of environment- and energy-related issues and to economic growth in Myanmar but also to international action to prevent global warming.

2. Outline of the bilateral document

The outline of the bilateral document is as follows. (For the original text, see the Attached Materials.)

  • To promote the partnership for low-carbon growth between Japan and the Republic of the Union of Myanmar, both sides establish the JCM and the Joint Committee to operate it.
  • Both sides mutually recognize that verified emission reductions and removals from the mitigation projects under the JCM can be used as part of their own pledged greenhouse gas mitigation efforts.
  • Both sides ensure the transparency and environmental integrity of the JCM, and neither side will use any mitigation projects registered under the JCM for the purposes of any other international climate mitigation mechanisms.

Reference: Joint Crediting Mechanism

The JCM quantitatively evaluates Japan’s contributions to the reduction and absorption of greenhouse gas emissions which are realized through the dissemination of technologies and related measures, products, systems, services, and infrastructure used to mitigate greenhouse gas emissions in developing countries. In addition, the JCM is utilized to achieve Japan’s reduction targets.

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 consultations with nations that are interested in the mechanism. This Japan-Myanmar partnership is the 15th partnership signed by Japan for this purpose, following partnerships signed with Mongolia, Bangladesh, Ethiopia, Kenya, the Maldives, Viet Nam, the Lao People’s Democratic Republic, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, and Chile.

For more information, visit the following website:
http://www.meti.go.jp/policy/energy_environment/global_warming/global.html (Page in Japanese, links to some content in English)

Attached materials:

Note: The name of the program was changed from the “Bilateral Offset Credit Mechanism” to the “Joint Crediting Mechanism” for simplification and clarification.

Release date

September 16, 2015

Division in Charge

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

Ministry of Economy, Trade and Industry
1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
Copyright Ministry of Economy, Trade and Industry. All Rights Reserved.