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  5. Carbon Credits Issued for Three Projects under Joint Crediting Mechanism (JCM) with Indonesia

Carbon Credits Issued for Three Projects under Joint Crediting Mechanism (JCM) with Indonesia

January 20, 2020

On January 17, 2020, a total of 37,836 tons worth of credits were issued for three projects under the Joint Crediting Mechanism (JCM) with Indonesia, a JCM partner country. This is the first issuance of such credits since the inauguration of the JCM with Indonesia in 2013 for certain projects, which are demonstration projects operated by the New Energy and Industrial Technology Development Organization (NEDO) in the country.

NEDO has been operating these JCM demonstration projects in cooperation with Japan and Indonesia.

The Ministry of Economy, Trade and Industry (METI) will continue to advance more projects under the JCM.

1. Outline of the JCM project

The government of Japan has been proactively advancing 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.

JCM credits were issued in the following three projects.

Target country: The Republic of Indonesia

Title of project (1): Application of an optimizing technology to the operation of power plants

Title of project (2): Optimization of the operation control of oil refining plants

Title of project (3): Introduction of tribrid technology into cellphone base transceiver stations

Reference: Outline of the JCM

The JCM offers a framework in which Japan’s efforts for reduction targets are appropriately evaluated as Japan’s contribution to greenhouse gas emission reductions and removal in partner countries by transferring Japan’s outstanding low-carbon technologies and products to such countries. 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, Environmental Policy Division, Industrial Science and Technology Policy and Environment Bureau