The Joint Crediting Mechanism (JCM) is a bilateral carbon offset system initiated by the Government of Japan to facilitate greenhouse gas (GHG) emission reductions in partnership with developing countries. It is designed to promote the transfer and implementation of advanced low-carbon technologies, products, and systems from Japan to partner countries, with the resulting emission reductions being jointly credited to both countries.
The Joint Crediting Mechanism (JCM) actively supports the achievement of Sustainable Development Goals (SDGs) in developing countries through technology transfer, capacity building, infrastructure investment, and the promotion of low-carbon growth.
JCM operates as a bilateral agreement between Japan and partner countries (such as Indonesia, Vietnam, Ethiopia, and many others), with each partnership governed by a Joint Committee composed of representatives from both sides.
Emission reductions achieved through JCM projects are quantified and the resulting carbon credits are shared between Japan and the host country, contributing to both nations’ Nationally Determined Contributions (NDCs) under the Paris Agreement. This ensures no double counting of credits.
Eligible projects include renewable energy, energy efficiency, sustainable aviation fuel, green hydrogen, solar, thermal, and other advanced decarbonization technologies.
Countries choose the JCM because it provides a practical, transparent, and mutually beneficial framework for accelerating climate action, technology transfer, and sustainable development-while enabling both developed and developing partners to meet their climate commitments more effectively and efficiently.
KBS is approved for Mongolia-Japan, Bangladesh-Japan, Ethiopia- Japan, Kenya-Japan, Maldives-Japan, Vietnam-Japan, Laos-Japan, Indonesia-Japan, Palau-Japan, Cambodia-Japan, Mexico- Japan, Philippines- Japan and Senegal-Japan.
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