Basic Concept of the Joint Crediting Mechanism (JCM)

The JCM facilitates diffusion of leading decarbonizing technologies, products, systems, services, and infrastructure as well as implementation of mitigation actions, and contributing to sustainable development of Sri Lanka.
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.

Ex) the JCM scheme between Sri Lanka and Japan

Sri Lanka and Japan signed the Memorandum of Cooperation to start the JCM on October 10th, 2022.