MOE Japan Selects New JCM Model Projects of Joint Crediting Mechanism (JCM) Financing Support Programme for FY2024 (Fourth and Fifth Rounds)

MOE Japan Selects New JCM Model Projects of Joint Crediting Mechanism (JCM) Financing Support Programme for FY2024 (Fourth and Fifth Rounds)

• 日本語へ

On March 13, 2025, Ministry of the Environment (MOE), Japan, announced new projects selected for the JCM Model Projects of the Joint Crediting Mechanism (JCM) Financing Support Programme for FY2024 (fourth and fifth rounds).

MOE Japan received a variety of applications for the JCM Model Projects and selected four projects in the fourth round and one project in the fifth round for FY2024. MOE Japan will continue to strongly promote the overseas expansion of decarbonizing infrastructure through the JCM, based on the "Plan for Global Warming Countermeasures (Cabinet decision in February 2025)" and others.

- Since 2013, Japan has established the JCM with 29 partner countries, and over 250 projects have been selected. The JCM's 29 current partner countries are: Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Vietnam, Laos, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand, Philippines, Senegal, Tunisia, Azerbaijan, Moldova, Georgia, Sri Lanka, Uzbekistan, Papua New Guinea, United Arab Emirates, Kyrgyz, Kazakhstan, and Ukraine.

- The JCM aims to reduce greenhouse gas (GHG) emissions in developing countries and others by utilizing advanced decarbonizing technologies. Under the JCM scheme, Japan is facilitating the diffusion of leading decarbonizing technologies and infrastructure, etc. as well as the implementation of mitigation actions in partner countries. The JCM contributes to the achievement of Japan's and partner countries' NDCs while ensuring the avoidance of double counting through corresponding adjustments consistent with Article 6 of the Paris Agreement.

- These JCM activities are in accordance with the "Plan for Global Warming Countermeasures (Cabinet decision in February 2025)" and so on.
(For further information on the JCM: https://www.jcm.go.jp/)

- The JCM Model Projects of MOE Japan provide financial support of up to 1/2 of the initial investment cost for projects. Representative participants in the JCM Model Projects shall conduct measurement, reporting, and verification (MRV) of GHG emission reductions. In addition, this financing support programme is expected to contribute to global decarbonization by disseminating and deploying advanced decarbonizing technologies while ascertaining in detail the needs of partner countries.

- Applications for the "JCM Model Projects of JCM Financing Support Programme" in FY2024 by the Global Environment Centre Foundation (GEC, an implementing organization) were open from April 5 to November 29, 2024.

- In the fourth and fifth rounds of the selection process in FY2024, MOE Japan selected five new projects based on the results of an initial document screening, secondary review through interviews, acceptance/rejection review and confirming that there is 'no objection' raised by the Joint Committee of respective partner countries. MOE Japan will carry out the procedures for the implementation of the JCM with partner countries.

< Projects selected in the fourth round for FY2024 >

No.	Partner Country	Project Name	Representative Participant	Estimated GHG Reduction (t-CO2/year)
7	Indonesia	Energy Saving Project in the　Automotive Glass Manufacturing Process	AGC Inc.	10,715
	[Outline of the project] - High-efficiency equipment will be installed in an automotive glass production line at an existing plant in Indonesia to improve energy efficiency and reduce greenhouse gas emissions. - The high-efficiency equipment is a glass bending device (electric heating furnaces and bending & molding equipment) for the automotive glass manufacturing process.
8	Indonesia	Introduction of 1.5MW Rooftop Solar Power System to Food and Automotive Parts Factories	The Kansai Electric Power Company, Incorporated	1,244
	[Outline of the project] - 1.5MW rooftop solar power system will be installed in food and automotive parts factories by taking advantage of know-how for the solar power system installation of Kansai's group. - The solar power generated by the system is all consumed by the factories, not reversed to the grid. - The system will increase energy conservation of factories in Indonesia, which will contribute to GHG (CO2) emission reductions.
9	Cambodia	20MW Solar Power Project in Krakor, Pursat Province	MinebeaMitsumi Inc.	14,135
	[Outline of the project] - 20MW ground mount solar power plants will be installed in Krakor, Pursat Province. - All generated power is sold to the national grid, which replaces the fossil fuel-based power and significantly reduces greenhouse gas (GHG) emissions.
10	Cambodia	10MW Solar Power and 3MWh Storage Battery Project in Pursat Province	The Chugoku Electric Power Co., Inc.	7,975
	[Outline of the project] - 10MW ground mount solar power and 3MWh Storage Battery plants will be installed in Pursat Province. - The project aims to reduce CO2 emissions through solar power generation utilizing solar power and storage batteries.

< Project selected in the fifth round for FY2024 >

No.	Partner Country	Project Name	Representative Participant	Estimated GHG Reduction (t-CO2/year)
11	Philippines	4.5MW Mini Hydro Power Plant in Piapi River, Luzon	TOKAI CORPORATION	13,701
	[Outline of the project] - 4.5MW Mini Hydro Power Plant, by a run-of-river mode will be installed in Piapi River, Luzon. - The facility incorporates state-of-the-art technologies, which will achieve highly efficient power generation across each flow rate, and establish higher reliability.

[Reference 1] Positioning of the JCM in the Plan for Global Warming Countermeasures (Cabinet decision, February 2025)
https://www.env.go.jp/earth/ondanka/keikaku/250218.html (Available in Japanese)


[Reference 2] MOE Japan Policy for Implementing Article 6 of the Paris Agreement after COP26 (November 2021)
https://www.env.go.jp/annai/kaiken/files/r04/cop26%206jou.pdf (Available in Japanese)

At COP26, the Rulebook for Article 6 (market mechanisms) of the Paris Agreement was concluded, paving the way for utilizing market mechanisms to reduce global emissions. Leading Article 6 negotiations and being a frontrunner with the experience of the JCM, Japan will take the following three actions to contribute to global decarbonization.

< Three actions >
1. Expand JCM partner countries and strengthen project development and implementation in collaboration with international organizations
2. Scale up the JCM by mobilizing further private finance
3. Contribute to the global operationalization of market mechanisms


[Reference 3] Grand Design and Action Plan for a New Form of Capitalism and Follow-up (Cabinet decision, June 2022)
https://www.cas.go.jp/jp/seisaku/atarashii_sihonsyugi/pdf/fu2022.pdf (Available in Japanese)

For achieving the target of the JCM, accelerating consultations to expand partner countries up to approximately 30 countries worldwide by around 2025.


[Reference 4] Projects selected in the first round (October 18, 2024)
https://www.env.go.jp/en/press/press_03338.html

No.	Partner Country	Project Name	Representative Participant	Estimated GHG Reduction (t-CO2/year)
1	Chile	12MW Solar Power and 41MWh Storage Battery Project in Rancagua City	Farmland Co., Ltd.	9,682
	[Outline of the project] - The primary objective of this project is to promote the widespread adoption of dispatchable renewable energy in Chile and contribute to emission reduction targets of Chile and Japan. - This will be achieved through the implementation of one photovoltaic plant with a combined capacity of 12MW Solar Power, as well as a 41MWh battery energy storage system (BESS), maximizing the project's environmental and economic benefits. - The proposed facility will be located in Libertador General Bernardo O'Higgins Region of Chile.
2	Thailand	Introduction of Biomass Co-generation System to Chemical Factory	NIPPON STEEL ENGINEERING CO., LTD.	48,429
	[Outline of the project] - The objective of this project is installation of biomass co-generation facility in order to reduce CO2 emission by replacing grid electricity and steam produced by natural gas boiler. - Biomass co-generation facility will be composed of stoker boiler, steam turbine and a material handling facility for biomass fuel management.
3	Thailand	Productivity Improvement of Aluminium Ingots Using High Efficiency Furnace System	Daiki Aluminium Industry Co., Ltd.	4,009
	[Outline of the project] - This project is to introduce the furnaces that dramatically reduce CO2 emissions in the production of aluminium ingots. - A new building is being constructed on the site of the existing factory in Rayong Province, Thailand, and the facility will be installed there. - The features of the melting process introduced in this project make the aluminium ingot production process more efficient and productive compared to conventional methods.

[Reference 5] Projects selected in the second and third rounds (December 6, 2024)
https://www.env.go.jp/en/press/press_03546.html

No.	Partner Country	Project Name	Representative Participant	Estimated GHG Reduction (t-CO2/year)
4	Mongolia	15MW Solar Power and 80MWh Storage Battery Project in Erdene, Dornogovi Province	Asian Gateway Corporation	16,396
	[Outline of the project] - 15MW ground mount solar power and 80MWh Storage Battery plants will be installed in Erdene, Dornogovi Province. - This project is a vital initiative aimed at contributing to NDC goals of Mongolia by replacing fossil fuel-based power generation with renewable energy sources and enhancing Mongolia's energy infrastructure. - The systems are designed to provide clean, reliable energy while stabilizing the grid, especially during peak demand periods.
5	Indonesia	Introduction of 0.8MW Rooftop Solar Power Syetem to Automotive Parts Factory	The Kansai Electric Power Company, Incorporated	681
	[Outline of the project] - 0.8MW rooftop solar power system will be installed in automotive parts factory by taking advantage of know-how for the solar power system installation of Kansai's group. - The solar power generated by the system is all consumed by the factory, not reversed to the grid. - The system will increase energy conservation of factories in Indonesia, which will contribute to GHG (CO2) emission reductions.
6	Palau	Introduction of 0.6MW Solar Power and 0.3MWh Storage Battery to Resort Hotel	SeED Okinawa LLC	506
	[Outline of the project] - 0.6MW ground mount solar power and 0.3MWh Storage Battery plants will be installed in a resort hotel located in Koror, Palau. - The project aims to reduce CO2 emissions through solar power generation utilizing solar power and storage batteries and to function as a model for maximizing the use of renewable energy in Palau.