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  5. Credits Issued for Two Projects under the Joint Crediting Mechanism (JCM) with Viet Nam

Credits Issued for Two Projects under the Joint Crediting Mechanism (JCM) with Viet Nam

August 16, 2018

A total of 1,139 tons of credits were issued on August 15 under the Joint Crediting Mechanism (JCM) with Viet Nam. This is the first issuance of credits under the demonstration project operated by the New Energy and Industrial Technology Development Organization (NEDO) since the inauguration of the JCM with Viet Nam in 2013.

These JCM projects are operated as NEDO demonstration projects in cooperation between Japan and Viet Nam.
The Ministry of Economy, Trade and Industry will continue to advance various JCM projects.

Outline of the Projects

The government of Japan has been proactively advancing Joint Crediting Mechanism (JCM) projects with developing countries with the aim of promoting the dissemination of Japan's outstanding low-carbon technologies and products to developing countries to advance global-level countermeasures against global warming.

Credits were issued in the following two projects.

Target country: The Socialist Republic of Viet Nam

Project name (ⅰ): Project to Promote Green Hospitals through Saving Energy/Improving the Environment in National Hospitals

Project name (ⅱ): Project to Demonstrate Energy Saving at Hotels through Development of the Vietnam-Building Energy Management System (V-BEMS)

(Reference: The Joint Crediting Mechanism)

The Joint Crediting Mechanism offers a framework in which Japan's efforts to transfer outstanding low-carbon technologies and products for greenhouse-gas-emissions reductions are appropriately evaluated as Japan’s contributions to CO2 reduction. Three ministries, i.e., the Ministry of Foreign Affairs, the Ministry of Economy, Trade and Industry and the Ministry of the Environment, have been advancing bilateral meetings with countries interested in the JCM. Japan has established the JCM with 17 countries (Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Lao PDR, Viet Nam, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand and the Philippines) so far. As part of this initiative, METI has been conducting feasibility studies, demonstration projects and other efforts aiming to establish new specific projects under the JCM.

Division in Charge

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