Chapter 7
Enhancing the Joint Crediting Mechanism
MRV to Contribute to Sustainable
Development
Aryanie Amellina
Abstract This chapter looks at the initial progress of the JCM implementation in
contributing to sustainable development in developing countries through facilitating diffusion of leading low-carbon technologies and implementation of mitigation
actions. The current progress of the JCM in 16 partner countries looks promising
with an established MRV system and efficient governance process. MRV methodologies are easy to use and benefits from standardized forms, default values, and
practical monitoring system, but the methods in determining the reference emissions need to be strengthened. Rigorous project promotion is needed in underrepresented partner countries, especially least-developed countries, by supporting
national programs and initiatives. The JCM should aim not only to complement,
but also to improve preceding market mechanisms, by implementing a regulatory
framework for evaluating its contributions to sustainable development. There is a
need to clarify ways of credit allocation, arrange ways of credits accounting for
national report and towards national pledge, and define the pathway of the JCM to a
tradable crediting mechanism or retain its status quo of producing non-tradable
credits.
Keywords Japan • JCM • Market mechanism • MRV • Technology transfer
7.1 Introduction
The Joint Crediting Mechanism (JCM) was initiated by the Government of Japan in
pursuit of achieving global greenhouse gas emissions reduction/removals through
facilitating diffusion of leading low carbon technologies, products, systems, services, and infrastructure as well as implementation of mitigation actions to contribute to sustainable development of developing countries. As of January 2016,
16 countries have signed bilateral agreement with Japan to implement the JCM;
A. Amellina (*)
Climate and Energy Area, Institute for Global Environmental Studies, Hayama, Japan
e-mail: aryanie.amellina@gmail.com
© The Author(s) 2017
J.I. Uitto et al. (eds.), Evaluating Climate Change Action for Sustainable
Development, DOI 10.1007/978-3-319-43702-6_7
111
Enhancing the Joint Crediting Mechanism
MRV to Contribute to Sustainable
Development
Aryanie Amellina
Abstract This chapter looks at the initial progress of the JCM implementation in
contributing to sustainable development in developing countries through facilitating diffusion of leading low-carbon technologies and implementation of mitigation
actions. The current progress of the JCM in 16 partner countries looks promising
with an established MRV system and efficient governance process. MRV methodologies are easy to use and benefits from standardized forms, default values, and
practical monitoring system, but the methods in determining the reference emissions need to be strengthened. Rigorous project promotion is needed in underrepresented partner countries, especially least-developed countries, by supporting
national programs and initiatives. The JCM should aim not only to complement,
but also to improve preceding market mechanisms, by implementing a regulatory
framework for evaluating its contributions to sustainable development. There is a
need to clarify ways of credit allocation, arrange ways of credits accounting for
national report and towards national pledge, and define the pathway of the JCM to a
tradable crediting mechanism or retain its status quo of producing non-tradable
credits.
Keywords Japan • JCM • Market mechanism • MRV • Technology transfer
7.1 Introduction
The Joint Crediting Mechanism (JCM) was initiated by the Government of Japan in
pursuit of achieving global greenhouse gas emissions reduction/removals through
facilitating diffusion of leading low carbon technologies, products, systems, services, and infrastructure as well as implementation of mitigation actions to contribute to sustainable development of developing countries. As of January 2016,
16 countries have signed bilateral agreement with Japan to implement the JCM;
A. Amellina (*)
Climate and Energy Area, Institute for Global Environmental Studies, Hayama, Japan
e-mail: aryanie.amellina@gmail.com
© The Author(s) 2017
J.I. Uitto et al. (eds.), Evaluating Climate Change Action for Sustainable
Development, DOI 10.1007/978-3-319-43702-6_7
111