Japan and Senegal Sign the Memorandum of Cooperation for Establishing the Joint Crediting Mechanism (JCM)
Senegal becomes the 18th JCM partner country
August 25, 2022
On August 25, 2022, Japan and Senegal agreed to establish the Joint Crediting Mechanism (JCM), and Mr. IZAWA Osamu (Ambassador of Extraordinary and Plenipotentiary of Japan to the Republic of Senegal) and Mr. Adbou Karim SALL (Minister of Environment and Sustainable Development) signed the Memorandum of Cooperation (MoC) on this agreement at the Embassy of Japan in Senegal. Senegal is now the 18th JCM partner country.
Moving forward, Japan and Senegal will bolster their cooperation on the environment and energy through this JCM.
On August 25, 2022, Mr. IZAWA Osamu, Ambassador of Extraordinary and Plenipotentiary of Japan to the Republic of Senegal, and Mr. Adbou Karim SALL, Minister of Environment and Sustainable Development, signed the MoC to establish the JCM at the Embassy of Japan in Senegal.
The JCM contributes to developing countries' sustainable development through diffusion of leading decarbonization technologies and implementation of mitigation actions within them. They also appropriately evaluate contributions from Japan to greenhouse gas emission reductions or removals in a quantitative manner, and use them to achieve its NDC (nationally determined contribution). Japan is accelerating consultations with relevant countries, aiming to increase the JCM partner countries up to around 30 by 2025. Thanks to this MoC, there are now 18 JCM partner countries*.
*The prior 17 JCM partner countries: Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Vietnam, Laos, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand, and the Philippines. Senegal is the 18th.
Through this JCM with Senegal, Japan will start projects to reduce greenhouse gas emissions within Senegal and contribute to both countries achieving their NDCs. The JCM is implemented as market mechanisms—detailed in Article 6 of the Paris Agreement—and contribute to worldwide decarbonization efforts by encouraging countries around the world to reduce and remove greenhouse gas emissions and develop sustainably.
- Memorandum of Cooperation on the Joint Crediting Mechanism between the Government of Japan and the Government of the Republic of Senegal (August 25, 2022)(PDF:75KB)