METI - Ministry of Economy, Trade and Industry of : Japan and Mongolia Held the First Joint Committee Concerning the Joint Crediting Mechanism
On April 11, 2013, Japan and Mongolia held in Ulaanbaatar, Mongolia, the first Japan-Mongolia Joint Committee concerning the Joint Crediting Mechanism (hereinafter called the "JCM"). In the committee, both sides adopted basic rules, guidelines, and other directions concerning the JCM.
Japan and Mongolia are to launch full operation of the JCM.
On April 11, 2013, Japan and Mongolia held in Ulaanbaatar, Mongolia, the first Japan-Mongolia Joint Committee concerning the JCM. People involved from the Ministry of Environment and Green Development, the Ministry of Energy, the Ministry of Foreign Affairs, the Ministry of Economic Development and others from the Mongolia side, and those from the Ministry of Foreign Affairs (MOFA), the Ministry of Economy, Trade and Industry (METI), the Ministry of the Environment (MOE) and others from the Japan side, attended the committee.
The committee was held based on the bilateral document that was signed on January 8, 2013, by Mr. Takenori Shimizu, Ambassador Extraordinary and Plenipotentiary of Japan to Mongolia, and Ms. Sanjaasuren Oyun, Minister for Environment and Green Development of Mongolia, and is the first partnership of the signing of a JCM for Japan. In the committee, both sides adopted basic rules, guidelines, and other directions concerning the JCM. These documents are to be available at the following website:
http://www.meti.go.jp/policy/energy_environment/global_warming/global.html (in Japanese)
Japan will contribute to international efforts to prevent global warming by facilitating the reduction of greenhouse gas emissions in Mongolia through full operation of the JCM.
Reference 1: Joint Crediting Mechanism
The Joint Crediting Mechanism is a program in which Japan's contribution to reduction and absorption of greenhouse gas emissions in partner countries through transferring Japan's low-carbon technology and products is calculated and evaluated as credits for contribution. Currently, MOFA, METI, and MOE are jointly proceeding with bilateral negotiations with countries that are interested in the mechanism. This Japan-Mongolia partnership is the first partnership signed by Japan for this purpose.
Reference 2: Outline of the bilateral document (signed on January 8, 2013)
To promote the Low Carbon Development Partnership between Japan and Mongolia, both countries will establish the JCM and also create a joint committee to operate the JCM.
Both countries mutually recognize that reduction/removal or absorption of emissions under the JCM can be used as a part of their own internationally pledged greenhouse gases mitigation efforts.
Both countries ensure the transparency and the environmental integrity of the JCM, and do not use it for the purpose of any other international climate mitigation mechanism.
April 11, 2013
Global Environmental Partnership and Technologies Office, Industrial Science and Technology Policy and Environment Bureau
Japan and Mongolia are to launch full operation of the JCM.
On April 11, 2013, Japan and Mongolia held in Ulaanbaatar, Mongolia, the first Japan-Mongolia Joint Committee concerning the JCM. People involved from the Ministry of Environment and Green Development, the Ministry of Energy, the Ministry of Foreign Affairs, the Ministry of Economic Development and others from the Mongolia side, and those from the Ministry of Foreign Affairs (MOFA), the Ministry of Economy, Trade and Industry (METI), the Ministry of the Environment (MOE) and others from the Japan side, attended the committee.
The committee was held based on the bilateral document that was signed on January 8, 2013, by Mr. Takenori Shimizu, Ambassador Extraordinary and Plenipotentiary of Japan to Mongolia, and Ms. Sanjaasuren Oyun, Minister for Environment and Green Development of Mongolia, and is the first partnership of the signing of a JCM for Japan. In the committee, both sides adopted basic rules, guidelines, and other directions concerning the JCM. These documents are to be available at the following website:
http://www.meti.go.jp/policy/energy_environment/global_warming/global.html (in Japanese)
Japan will contribute to international efforts to prevent global warming by facilitating the reduction of greenhouse gas emissions in Mongolia through full operation of the JCM.
Reference 1: Joint Crediting Mechanism
The Joint Crediting Mechanism is a program in which Japan's contribution to reduction and absorption of greenhouse gas emissions in partner countries through transferring Japan's low-carbon technology and products is calculated and evaluated as credits for contribution. Currently, MOFA, METI, and MOE are jointly proceeding with bilateral negotiations with countries that are interested in the mechanism. This Japan-Mongolia partnership is the first partnership signed by Japan for this purpose.
Reference 2: Outline of the bilateral document (signed on January 8, 2013)
To promote the Low Carbon Development Partnership between Japan and Mongolia, both countries will establish the JCM and also create a joint committee to operate the JCM.
Both countries mutually recognize that reduction/removal or absorption of emissions under the JCM can be used as a part of their own internationally pledged greenhouse gases mitigation efforts.
Both countries ensure the transparency and the environmental integrity of the JCM, and do not use it for the purpose of any other international climate mitigation mechanism.
April 11, 2013
Global Environmental Partnership and Technologies Office, Industrial Science and Technology Policy and Environment Bureau
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