(PoA).
22 The Joint Committee can also consider identifying projects that were
planned for the CDM but never could start. In any case, project approval must
always uphold additional aspects of projects support, promote new activity,
and more advanced technology than the prevailing technology in the country, and
start after the earliest date decided by each partner country (most countries decided
1 January, 2013).
The functions of the JCM websites (so far, Indonesia, Vietnam, and Mongolia
have established their own JCM websites in addition to the Japanese websites)
should also be optimized to facilitate project developers showcasing their needs and
availability, which can be followed up by the JCM secretariats and intermediary
organizations. Transparency of information must always be ensured in communicating the JCM opportunities and approval process to eligible entities.
These information are crucial for private companies, whom are naturally
attracted to the offered JCM subsidy of ‘up to the half of investment cost’, grant,
and full ownership of the technologies. Although the price of advanced low-carbon
technologies are generally higher than those available in the market, they are
willing to invest because the subsidy helps pushing down payback period to a
reasonable period of time. The emphasis on use of advanced technology should also
be promoted. Current experience shows that the approved technologies have better
efficiency and/or performance than those commonly used in partner countries. As a
more specific criteria, MOEJ specifies cost effectiveness level and payback period
as eligibility criteria for JCM Model Project support.
The role of state actors such as local government and their contribution to
national emissions reductions efforts should also be encouraged. As the JCM has
the additional value of realizing cost-intensive projects that may support local
development plans, the global movement towards realizing sustainable cities and
city-to-city cooperation programs can further encourage JCM projects. Schemes
such as “sister city” and municipality international cooperation offices have been
the playmakers for these cooperation. The City of Yokohama, for example,
established a “Y-PORT” program in 2014, which aims to enhance collaboration
between the government and private companies in the city to promote sustainable
cities in other countries, utilizing, among others, the JCM. High social awareness
and leadership on the environmental issues are helping to push these initiatives.
22 Saito, Tetsuya. 2015. Opportunities and challenges under the JCM scheme. Presented at
International Forum for Sustainable Asia and the Pacific (ISAP) 2015, Parallel Session “Showcasing Successful Partnerships for Low Carbon Technology Transfer”, Institute for Global Environmental Strategies.
7 Enhancing the Joint Crediting Mechanism MRV to Contribute to Sustainable. . .
123
22 The Joint Committee can also consider identifying projects that were
planned for the CDM but never could start. In any case, project approval must
always uphold additional aspects of projects support, promote new activity,
and more advanced technology than the prevailing technology in the country, and
start after the earliest date decided by each partner country (most countries decided
1 January, 2013).
The functions of the JCM websites (so far, Indonesia, Vietnam, and Mongolia
have established their own JCM websites in addition to the Japanese websites)
should also be optimized to facilitate project developers showcasing their needs and
availability, which can be followed up by the JCM secretariats and intermediary
organizations. Transparency of information must always be ensured in communicating the JCM opportunities and approval process to eligible entities.
These information are crucial for private companies, whom are naturally
attracted to the offered JCM subsidy of ‘up to the half of investment cost’, grant,
and full ownership of the technologies. Although the price of advanced low-carbon
technologies are generally higher than those available in the market, they are
willing to invest because the subsidy helps pushing down payback period to a
reasonable period of time. The emphasis on use of advanced technology should also
be promoted. Current experience shows that the approved technologies have better
efficiency and/or performance than those commonly used in partner countries. As a
more specific criteria, MOEJ specifies cost effectiveness level and payback period
as eligibility criteria for JCM Model Project support.
The role of state actors such as local government and their contribution to
national emissions reductions efforts should also be encouraged. As the JCM has
the additional value of realizing cost-intensive projects that may support local
development plans, the global movement towards realizing sustainable cities and
city-to-city cooperation programs can further encourage JCM projects. Schemes
such as “sister city” and municipality international cooperation offices have been
the playmakers for these cooperation. The City of Yokohama, for example,
established a “Y-PORT” program in 2014, which aims to enhance collaboration
between the government and private companies in the city to promote sustainable
cities in other countries, utilizing, among others, the JCM. High social awareness
and leadership on the environmental issues are helping to push these initiatives.
22 Saito, Tetsuya. 2015. Opportunities and challenges under the JCM scheme. Presented at
International Forum for Sustainable Asia and the Pacific (ISAP) 2015, Parallel Session “Showcasing Successful Partnerships for Low Carbon Technology Transfer”, Institute for Global Environmental Strategies.
7 Enhancing the Joint Crediting Mechanism MRV to Contribute to Sustainable. . .
123