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.