Description
The Joint Crediting Mechanism (JCM) is an emerging project-based bilateral off set crediting mechanism initiated by the Government of Japan to facilitate implementation of advanced low-carbon technologies for mitigating greenhouse gas (GHG) emissions in host countries. The Government of Japan has signed bilateral agreements with 16 countries, including 10 ADB developing members, for implementing JCM projects. JCM credits may be used to meet respective GHG emission reduction targets of relevant governments and project participants. This handbook provides the procedural steps of JCM project development cycle leading up to the issuance of JCM credits.
