Since Japan and Mongolia signed bilateral documents on the “Low carbon development partnership” to implement JCM on January 8, 2013, for the first time to start this mechanism, the number of partner countries has increased to 17 as of September 2018.
For Mongolia, the implementation of JCM would assist in the achievement of the NAPCC strategic objective 3: “Mitigate GHG emissions and establish a low carbon economy through the introduction of environmentally friendly technologies and improvement in energy effectiveness and efficiency”. Also, JCM will promote the actions listed in Mongolian NAMA submitted to the UNFCCC secretariat in January 2010 according to the Copenhagen Accord.
The Joint Crediting Mechanism (JCM) facilitates diffusion of leading low carbon technologies, products, systems, services, and infrastructure as well as an implementation of mitigation actions, and contributes to sustainable development of developing countries. It appropriately evaluates contributions to GHG emission reductions or removals from Japan in a quantitative manner, by applying measurement, reporting, and verification (MRV) methodologies, and uses them to achieve Japan’s emission reduction target. The JCM contributes to the ultimate objective of the UNFCCC by facilitating global actions for GHG emission reductions or removals, complementing the CDM.