September 13, 2022
Joint press release with the Ministries of the Environment and Foreign Affairs
On September 13, 2022, Japan and Georgia agreed to establish the Joint Crediting Mechanism (JCM), and Mr. Imamura Akira (Ambassador of Japan to Georgia) and Mr. Otar Shamugia (Minister of Environmental Protection and Agriculture) signed the Memorandum of Cooperation (MoC) on this agreement. Georgia is now the 22nd JCM partner country.
Moving forward, Japan and Georgia will bolster their cooperation on the environment and energy through this JCM.
On September 13, 2022, Mr. Imamura Akira, Ambassador of Japan to Georgia, and Mr. Otar Shamugia, Minister of Environmental Protection and Agriculture, 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 22 JCM partner countries.*
Through this JCM with Georgia, Japan will start projects to reduce greenhouse gas emissions within Tunisia 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.
- Memorandum of Cooperation on the Joint Crediting Mechanism between the Government of Japan and the Government of Georgia (September 13, 2022)(PDF:68KB)