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 contributes to sustainable development of the Philippines.
It appropriately evaluates contributions from Japan to GHG emission reductions or removals in a quantitative manner, and Japan uses them to achieve its NDC.
Ex) the JCM scheme between the Philippines and Japan

The Philippines and Japan signed a bilateral document to start the JCM on January 12th, 2017.