mechanisms such as the JCM. Once the negotiations start discussing sustainable
development the JCM approach to sustainable development evaluation can be an
example.
7.5 Recommendations
The assessment could recommend several improvement opportunities as follows.
Governance: There is a need to discuss the ways of accounting and reporting
emissions reductions by the JCM projects in national reports, and to discuss the
pathway towards tradable scheme or to stay non-tradable.
MRV methodologies: Procedures for conducting market surveys in methodology development need to be strengthened as they are heavily used for setting
reference emissions. In the long run, quality of methodologies and their development process as well as their applicability need to be consistent between countries
and continue promoting local standards.
Project development and capacity building: Future capacity building activities
should put more focus in project identification, development, and approval. The
challenge of ‘matchmaking’ local companies in partner countries and Japanese
companies may be tackled through business approaches with highlights on economic benefits, and increasing visibility of potential projects in NDCs. Enhancing
capacities and promoting involvement of local entities as third-party entities and
project participants are important to increase quality of projects and MRV.
Sustainable development evaluation framework: Focus is needed in the regulatory framework of the JCM sustainable development criteria evaluation, enhancing capacity building and local stakeholders engagement. Other ways to evaluate
the JCM effectiveness should also be explored, for example by evaluating the
variety of implemented sector and each sector’s emission reduction to investigate
how mitigation actions from multiple sector can be facilitated through the JCM.
Open Access This chapter is distributed under the terms of the Creative Commons AttributionNonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/),
which permits any noncommercial use, duplication, adaptation, distribution and reproduction in
any medium or format, as long as you give appropriate credit to the original author(s) and the
source, provide a link to the Creative Commons license and indicate if changes were made.
The images or other third party material in this chapter are included in the work’s Creative
Commons license, unless indicated otherwise in the credit line; if such material is not included in
the work’s Creative Commons license and the respective action is not permitted by statutory
regulation, users will need to obtain permission from the license holder to duplicate, adapt or
reproduce the material.
7 Enhancing the Joint Crediting Mechanism MRV to Contribute to Sustainable. . .
127
development the JCM approach to sustainable development evaluation can be an
example.
7.5 Recommendations
The assessment could recommend several improvement opportunities as follows.
Governance: There is a need to discuss the ways of accounting and reporting
emissions reductions by the JCM projects in national reports, and to discuss the
pathway towards tradable scheme or to stay non-tradable.
MRV methodologies: Procedures for conducting market surveys in methodology development need to be strengthened as they are heavily used for setting
reference emissions. In the long run, quality of methodologies and their development process as well as their applicability need to be consistent between countries
and continue promoting local standards.
Project development and capacity building: Future capacity building activities
should put more focus in project identification, development, and approval. The
challenge of ‘matchmaking’ local companies in partner countries and Japanese
companies may be tackled through business approaches with highlights on economic benefits, and increasing visibility of potential projects in NDCs. Enhancing
capacities and promoting involvement of local entities as third-party entities and
project participants are important to increase quality of projects and MRV.
Sustainable development evaluation framework: Focus is needed in the regulatory framework of the JCM sustainable development criteria evaluation, enhancing capacity building and local stakeholders engagement. Other ways to evaluate
the JCM effectiveness should also be explored, for example by evaluating the
variety of implemented sector and each sector’s emission reduction to investigate
how mitigation actions from multiple sector can be facilitated through the JCM.
Open Access This chapter is distributed under the terms of the Creative Commons AttributionNonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/),
which permits any noncommercial use, duplication, adaptation, distribution and reproduction in
any medium or format, as long as you give appropriate credit to the original author(s) and the
source, provide a link to the Creative Commons license and indicate if changes were made.
The images or other third party material in this chapter are included in the work’s Creative
Commons license, unless indicated otherwise in the credit line; if such material is not included in
the work’s Creative Commons license and the respective action is not permitted by statutory
regulation, users will need to obtain permission from the license holder to duplicate, adapt or
reproduce the material.
7 Enhancing the Joint Crediting Mechanism MRV to Contribute to Sustainable. . .
127