Japan

“Japan will estab­lish and imple­ment the Joint Cred­it­ing Mech­an­ism (JCM) in order to quant­it­at­ively eval­u­ate the con­tri­bu­tions of Japan to green­house gas emis­sion reduc­tions and removals which are achieved through the dif­fu­sion of, among oth­ers, decar­bon­iz­ing tech­no­lo­gies, products, sys­tems, ser­vices, and infra­struc­tures as well as through the imple­ment­a­tion of meas­ures in glob­al south coun­tries and oth­ers, and to use such con­tri­bu­tions to achieve Japan’s NDC. With these efforts, through pub­lic-private col­lab­or­a­tions, Japan aims to secure accu­mu­lated emis­sion reduc­tions and removals at the level of approx­im­ately 100 mil­lion t‑CO2 by FY 2030 and approx­im­ately 200 mil­lion t‑CO2 by FY 2040. Japan will appro­pri­ately count the acquired cred­its to achieve its NDC. With regards to the JCM which Japan has ini­ti­ated to estab­lish, Japan secures envir­on­ment­al integ­rity and the avoid­ance of double count­ing in line with the inter­na­tion­al rules, includ­ing the Par­is Agree­ment. Based on its exper­i­ence gained through the devel­op­ment and imple­ment­a­tion of the JCM, Japan par­ti­cip­ates in inter­na­tion­al dis­cus­sions with regard to Art­icle 6 of the Par­is Agree­ment, thereby tak­ing the lead in the devel­op­ment of appro­pri­ate inter­na­tion­al rules for the use of mar­ket mech­an­isms and its improve­ment through the imple­ment­a­tion. Fur­ther­more, Japan will also make pro­act­ive efforts in the area of inter­na­tion­al cooper­a­tion to pro­mote net zero and to improve resi­li­ence in glob­al south coun­tries and oth­ers, includ­ing from devel­op­ing policies and insti­tu­tion­al plat­forms to pro­mot­ing sec­tor- and city-level efforts as well as facil­it­at­ing tech­no­logy diffusion. “

Japan will estab­lish and imple­ment the Joint Cred­it­ing Mech­an­ism (JCM) in order to quant­it­at­ively eval­u­ate the con­tri­bu­tions of Japan to green­house gas emis­sion reduc­tions and removals which are achieved through the dif­fu­sion of, among oth­ers, decar­bon­iz­ing tech­no­lo­gies, products, sys­tems, ser­vices, and infra­struc­tures as well as through the imple­ment­a­tion of meas­ures in glob­al south coun­tries and oth­ers, and to use such con­tri­bu­tions to achieve Japan’s NDC. With these efforts, through pub­lic-private col­lab­or­a­tions, Japan aims to secure accu­mu­lated emis­sion reduc­tions and removals at the level of approx­im­ately 100 mil­lion t‑CO2 by FY 2030 and approx­im­ately 200 mil­lion t‑CO2 by FY 2040. Japan will appro­pri­ately count the acquired cred­its to achieve its NDC. With regards to the JCM which Japan has ini­ti­ated to estab­lish, Japan secures envir­on­ment­al integ­rity and the avoid­ance of double count­ing in line with the inter­na­tion­al rules, includ­ing the Par­is Agree­ment. Based on its exper­i­ence gained through the devel­op­ment and imple­ment­a­tion of the JCM, Japan par­ti­cip­ates in inter­na­tion­al dis­cus­sions with regard to Art­icle 6 of the Par­is Agree­ment, thereby tak­ing the lead in the devel­op­ment of appro­pri­ate inter­na­tion­al rules for the use of mar­ket mech­an­isms and its improve­ment through the imple­ment­a­tion. Fur­ther­more, Japan will also make pro­act­ive efforts in the area of inter­na­tion­al cooper­a­tion to pro­mote net zero and to improve resi­li­ence in glob­al south coun­tries and oth­ers, includ­ing from devel­op­ing policies and insti­tu­tion­al plat­forms to pro­mot­ing sec­tor- and city-level efforts as well as facil­it­at­ing tech­no­logy diffusion.