Amita Corporation is conducting the market survey for business opportunities based on Joint Crediting Mechanism (JCM), which is commissioned by the Ministry of the Environment Japan to support developing a low-carbon society in Malaysia (Iskandar), Vietnam (Hai Phong), Indonesia (Surabaya), and Thailand (Rayong). Amita wishes to contribute to creating the low-carbon society in Asia region through the building up the resources circulating society and achieving zero emission of wastes in the industries.
Overview of the JCM Project And Introduction of Countries Signed Up For JCM
The Japanese government has been promoting JCM, bilateral carbon credit system, in order to contribute to the reduction of greenhouse gas emissions. This system, quantitatively, evaluated Japan's contribution for the emission reduction and absorption of the greenhouse gas through low-carbon technologies, products, systems, and dissemination of environmental related services and infrastructure in the emerging countries. To accelerate the mechanism, up to 50 percent of the installation cost could be subsidized by the Japanese government after the strictly fair examination.
Bilateral credit institutions, Ministry of Foreign Affairs, Ministry of Economy, and the Ministry of the Environment Japan are pursuing a bilateral consultation with the interested countries about JCM scheme. Currently, 14 countries(Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Vietnam, Laos, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, and Chile) became JCM Parties and are jointly conducting and co-working to prevent from the global warming.
This Article is written by Eiichi Yamato, Overseas Business Group, Amita Corporation.