Joint Press Release with the Ministry of the EnvironmentJapan and the Republic of the Philippines to Establish Joint Crediting Mechanism - Republic of the Philippines to Become the 17th JCM Signatory Country -
On December 7, 2015, at the site of the 21st Conference of the Parties (COP 21) in Paris, Ms. Tamayo Marukawa, Minister of the Environment, and H.E. Mr. Ramon Jesus P. Paje, Secretary of the Department of Environment and Natural Resources of the Republic of the Philippines, exchanged a memorandum (Aide Memoire) toward establishing a Joint Crediting Mechanism (hereinafter referred to as “JCM”). Based on the memorandum, Japan and the Republic of the Philippines will advance procedures to sign a bilateral document to operate the JCM.
When the bilateral document is signed, the Republic of the Philippines will become the 17th JCM signatory country. Through the JCM, Japan and the Republic of the Philippines will strengthen their cooperation on environment- and energy-related issues.
1. Japan and the Republic of the Philippines to establish JCM
On December 7, 2015, at the site of the 21st Conference of the Parties (COP 21) in Paris, Ms. Tamayo Marukawa, Minister of the Environment, and H.E. Mr. Ramon Jesus P. Paje, Secretary of the Department of Environment and Natural Resources of the Republic of the Philippines, exchanged a memorandum (Aide Memoire) toward establishing a Joint Crediting Mechanism (JCM). Based on the memorandum, Japan and the Republic of the Philippines will advance procedures to sign a bilateral document to operate the JCM.
Upon signing the JCM, the countries will establish a joint committee to undertake the operation of the JCM. Under this mechanism, Japan will implement various projects using advanced low-carbon technologies to reduce greenhouse gas emissions in the Philippines. Leveraging this mechanism, Japan will contribute not only to the resolution of environment- and energy-related issues and to economic growth in the Philippines but also to international action to prevent global warming.
2. Outline of the memorandum
The outline of the memorandum 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 Philippines, both sides are to establish the JCM and the Joint Committee to undertake its operation.
- Both sides recognize that verified emissions reductions and removals from the mitigation projects under the JCM can be used to quantify their own international greenhouse gas reduction efforts.
- Both sides are to make efforts to sign the bilateral document, aiming to establish the JCM.
(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-Philippines partnership will be the 17th 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, Chile, Myanmar, and Thailand.
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)
December 8, 2015
Division in charge
Global Environment Partnership Office,
Industrial Science and Technology Policy and Environment Bureau