Japan and Azerbaijan Sign the Memorandum of Cooperation for Establishing the Joint Crediting Mechanism (JCM)

On September 5, 2022, Mr. WADA Junichi, Ambassador Extraordinary and Plenipotentiary of Japan to Azerbaijan, and Mr. Mukhtar BABAYEV, Minister of Ecology and Natural Resources, signed the MoC to establish the JCM.

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 20 JCM partner countries.*

Through this JCM with Azerbaijan, Japan will start projects to reduce greenhouse gas emissions within Azerbaijan and contribute to both countries achieving their NDCs. The JCM is implemented as a market mechanism—detailed in Article 6 of the Paris Agreement—and contributes to worldwide decarbonization efforts by encouraging countries around the world to reduce and remove greenhouse gas emissions and develop sustainably.

Related materials

• Memorandum of Cooperation on the Joint Crediting Mechanism between the Government of Japan and the Government of the Republic of Azerbaijan (September 5, 2022)(PDF:105KB)

Division in Charge

Global Environmental Affairs Office, Industrial Science and Technology Policy and Environment Bureau