Japan and Tunisia Sign the Memorandum of Cooperation for Establishing the Joint Crediting Mechanism (JCM)
Tunisia becomes the 19th JCM partner country
August 26, 2022
On August 26, 2022, Japan and Tunisia agreed to establish the Joint Crediting Mechanism (JCM), and Mr. HAYASHI Yoshimasa (Minister for Foreign Affairs) and Mr. Othman JERANDI (Minister of Foreign Affairs, Migration and Tunisian Abroad) signed the Memorandum of Cooperation (MoC) on this agreement in Tunis. Tunisia is now the 19th JCM partner country.
Moving forward, Japan and Tunisia will bolster their cooperation on the environment and energy through this JCM.
On August 26, 2022, Mr. HAYASHI Yoshimasa, Minister for Foreign Affairs and Mr. Othman JERANDI, Minister of Foreign Affairs, Migration and Tunisian Abroad, signed the MoC to establish the JCM in Tunis.
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 19 JCM partner countries*.
*The prior 18 JCM partner countries: Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Vietnam, Laos, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand, the Philippines, and Senegal. Tunisia is the 19th.
Through this JCM with Tunisia, Japan will start projects to reduce greenhouse gas emissions within Tunisia 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 Tunisia (August 26, 2022)(PDF:72KB)