Page - (000129) - in Evaluating Climate Change Action for Sustainable Development

Chapter7 Enhancing theJointCreditingMechanism MRVtoContribute toSustainable Development AryanieAmellina Abstract This chapter looks at the initial progress of the JCM implementation in contributing to sustainable development in developing countries through facilitat- ingdiffusionof leading low-carbon technologiesand implementationofmitigation actions. The current progress of the JCM in 16 partner countries looks promising with an establishedMRVsystemandefficient governanceprocess.MRVmethod- ologies are easy to use and benefits from standardized forms, default values, and practical monitoring system, but themethods in determining the reference emis- sions need to be strengthened. Rigorous project promotion is needed in underrep- resented partner countries, especially least-developed countries, by supporting national programs and initiatives. The JCM should aim not only to complement, but also to improve precedingmarketmechanisms, by implementing a regulatory framework for evaluating its contributions to sustainable development. There is a need to clarify ways of credit allocation, arrange ways of credits accounting for national reportandtowardsnationalpledge,anddefinethepathwayof theJCMtoa tradable crediting mechanism or retain its status quo of producing non-tradable credits. Keywords Japan • JCM•Marketmechanism•MRV•Technology transfer 7.1 Introduction TheJointCreditingMechanism(JCM)was initiatedbytheGovernmentofJapanin pursuit of achieving global greenhouse gas emissions reduction/removals through facilitating diffusion of leading low carbon technologies, products, systems, ser- vices, and infrastructure as well as implementation of mitigation actions to con- tribute to sustainable development of developing countries. As of January 2016, 16 countries have signed bilateral agreement with Japan to implement the JCM; A.Amellina (*) Climate andEnergyArea, Institute forGlobalEnvironmental Studies,Hayama, Japan e-mail: aryanie.amellina@gmail.com ©TheAuthor(s) 2017 J.I.Uitto et al. (eds.),EvaluatingClimateChangeAction for Sustainable Development,DOI10.1007/978-3-319-43702-6_7 111