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Japan to introduce ‘Joint Crediting Mechanism’ to Indonesia to cut greenhouse emissions

  • 2016-02-01 15:00:00
  • , Yomiuri
  • Translation

(Yomiuri: January 31, 2016 – p. 9)

 

 The government will fully introduce a “Joint Crediting Mechanism (JCM),” which is designed to help developing countries and emerging economies reduce greenhouse gas emissions by offering Japanese technological knowhow, to Indonesia. The Paris agreement in December allowed Japan and its JCM partners to claim emissions reductions achieved through this scheme as their own reductions.

 

 The JCM, which is financed by government budgets, offers low-carbon technologies and products that Japanese companies have an edge in to factories in developing countries. Reductions achieved under this program are counted into the reduction targets set by Japan and partner countries.

 

 Japan proposed this program around 2011 by claiming that developing countries can benefit more than Japan, as energy-saving technologies have not been widespread there. It partners with 16 countries and was urging the United Nations and other international organizations to endorse this program.

 

 In Indonesia, a textile factory adopted an air-conditioning system from a Japanese maker of refrigerator systems. A freezer for industrial use has been introduced to a food factory. These technologies are expected to cut a total of 300 tons of greenhouse gases a year.

 

 Japan has been purchasing emission quotas from other countries through an “emissions trading” scheme to meet its reduction targets. The government and the private sector are estimated to have spent at least 600 billion yen under this initiative. (Abridged)

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