Recent Development of
The Joint Crediting Mechanism (JCM)
January 2015
Yoshikazu HASUNUMA
Ministry of Economy, Trade and Industry
All ideas are subject to further consideration and discussion with host countries

Basic Concept of the JCM
 Facilitating diffusion of leading low carbon technologies, products, systems,
services, and infrastructure as well as implementation of mitigation actions, andcontributing to sustainable development of developing countries.
 Appropriately evaluating contributions from Japan to GHG emission reductions or
removals in a quantitative manner, by applying measurement, reporting andverification (MRV) methodologies, and use them to achieve Japan’s emission
reduction target.
 Contributing to the ultimate objective of the UNFCCC by facilitating global actions
for GHG emission reductions or removals, complementing the CDM.

JAPAN

Leading low carbon technologies,
etc, and implementation of
mitigation actions
MRV Methodologies
will be developedby the Joint Committee

Used to achieve
Japan’s emission
reduction target

Credits

Host
Country
JCM
Projects
MRV
GHG emission
reductions/removals2

Scheme of the JCM
Host Country

Japan

Joint Committee

Government• Issuance of credits•Notifies(Secretariat)
registrationof projects • Development/revision of
the rules, guidelines andmethodologies•Reports• Registration of projects
issuance of • Discusses thecredits
implementation of JCM•Notifies
registrationof projects

Government• Issuance of credits•Reports
issuance ofcredits

Conduct policy consultations•Request registration•Requestof projects
issuanceof credits•Submit PDD•Submit PDD/monitoring/monitoring
reportProject Participants
Third party entities report•Request
issuanceof credits•Request registrationof projects

Project Participants• Implementation &• Validation ofmonitoring of projects •Informprojects
results of • Verification ofvalidation
amount of GHG/verification emission reductions
or removals• Implementation &•Inform
monitoring of projects
results ofvalidation/verification

3

The role of the Joint Committee and each Government
 The Joint Committee (JC) consists of representatives fromboth Governments.
 The JC develops rules and guidelines necessary for the
implementation of the JCM.
 The JC determines either to approve or reject the proposed
methodologies, as well as develops JCM methodologies.
 The JC designates the third‐party entities (TPEs).
 The JC decides on whether to register JCM projects whichhave been validated by the TPEs.
 Each Government establishes and maintains a registry.
 On the basis of notification for issuance of credits by the JC,
each Government issues the notified amount of credits to
its registry.
4

Approaches of the JCM
 The JCM should be designed and implemented, taking into
account the following:(1) Ensuring the robust methodologies, transparency andthe environmental integrity;(2) Maintaining simplicity and practicality based on therules and guidelines;(3) Promoting concrete actions for global GHG emission
reductions or removals;(4) Preventing uses of any mitigation projects registeredunder the JCM for the purpose of any otherinternational climate mitigation mechanisms to avoid
double counting on GHG emission reductions or
removals.
5Features of the JCM(1) The JCM starts its operation as a non‐tradable credit typemechanism.
(2) Both Governments continue consultation for thetransition to a tradable credit type mechanism and reacha conclusion at the earliest possible timing, taking
account of implementation of the JCM.
(3) The JCM aims for concrete contributions to assisting
adaptation efforts of developing countries after the JCM
is converted to the tradable credit type mechanism.
(4) The JCM covers the period until a possible coming into
effect of a new international framework under the
UNFCCC.
6

Project Cycle of the JCM and the CDM

Can be conducted by the same TPE
Can be conducted simultaneously

JCM<Main actors at each process>

CDM

Project Participant / Each Government
Joint Committee

Submission of
Proposed
Methodology

Project Participant

Joint Committee

Approval of
Proposed
Methodology

CDM Executive Board

Project Participant

Developmentof PDD

Project Participant

Third Party Entities

Validation

Designated Operational Entities(DOEs)

Joint Committee

Registration

CDM Executive Board

Project Participant

Monitoring

Project Participant

Third Party Entities

Verification

DOEs

Joint Committee decides the amount
Each Government issues the credit

Issuanceof credits

CDM Executive Board

7

Key features of the JCM in comparison with the CDM(Subject to further consideration and discussion with host countries)

GovernanceJCM‐ “de‐centralized” structure(Each Government, Joint
Committee)

CDM‐“centralized” structure(CMP, CDM Executive Board)

Sector/project
Coverage‐ Broader coverage‐ Specific projects are difficult toimplement in practice(e.g. USC coal‐fired power generation)

Validation ofprojects‐ In addition to DOEs, ISO14065
certification bodies can conduct‐ Checking whether a proposed
project fits eligibility criteria
which can be examined
objectively‐ Spreadsheets are provided‐ Default values can be used inconservative manner whenmonitored parameters arelimited.

‐ Only DOEs can conduct‐ Assessment of additionality of each
proposed project against hypotheticalscenarios

Calculation of
Emission
Reductions

Verification ofprojects‐ The entity which validated the
project can conduct verification‐ Validation & verification can be
conducted simultaneously‐ Various formulas are listed‐ Strict requirements for measurement ofparameters‐ In principle, the entity which validated
the project can not conduct verification‐ Validation & verification must be
conducted separately

8Roadmap for the JCM
JFY2012

JFY2013

JFY2014

Governmental Consultation (Increasing numbers of JCM Partner countries)
Consultations with interested countries
Establishment & operation of the JC
Development of rules and guidelines
Establishment &operation of the website

Signing
JCM
Bilateral Operation
Document

Establishment &operation of the registry

Development of methodologies
Registration of projects

JCM Demonstration Projects and JCM Model Projects
Feasibility Studies & Capacity Building
UNFCCC negotiations

9

Countries with which Japan has signed on bilateral documents
 Japan has held consultations for the JCM with developing countries since 2011 andsigned the bilateral document for the JCM with Mongolia, Bangladesh, Ethiopia, Kenya,
Maldives, Viet Nam, Lao PDR, Indonesia, Costa Rica, Palau, Cambodia and Mexico.

Mongolia
Jan. 8, 2013
（Ulaanbaatar）

Bangladesh
Mar. 19, 2013
(Dhaka)Ethiopia
May 27, 2013
(Addis Ababa)KenyaJun. 12,2013(Nairobi)

Maldives
Jun. 29, 2013
(Okinawa)

Viet Nam
Jul. 2, 2013
(Hanoi)Lao PDR
Aug. 7, 2013
(Vientiane)

Indonesia
Aug. 26, 2013
(Jakarta)

Costa Rica
Dec. 9, 2013
(Tokyo)Palau
Jan. 13, 2014
(Ngerulmud)

Cambodia
Apr. 11, 2014
(Phnom Penh)

MexicoJul. 25, 2014
(Mexico City) Japan held Joint Committee meetings with Mongolia, Bangladesh, Ethiopia,
Kenya, Maldives, Viet Nam, Lao PDR, Indonesia, Palau, Cambodia respectively.
 First JCM project has been registered at 3rd Joint Committee between
Indonesia and Japan on Oct.2014 (Project title: Energy saving for air‐conditioning and process cooling at textile factory)
10

The current status of UNFCCC negotiation (1/2)
Decision 1/CP18
41. Acknowledges that Parties, individually or jointly, may develop andimplement various approaches, including opportunities for using
markets and non‐markets, to enhance the cost‐effectiveness of, and topromote, mitigation actions, bearing in mind different circumstancesof developed and developing countries;
42. Re‐emphasizes that, as set out in decision 2/CP.17, paragraph 79, allsuch approaches must meet standards that deliver real, permanent,
additional and verified mitigation outcomes, avoid double counting ofeffort and achieve a net decrease and/or avoidance of GHG emissions;
44. Requests the SBSTA to conduct a work programme to elaborate aframework for such approaches, drawing on the work of the AWG‐LCA
on this matter, including the relevant workshop reports and technicalpaper, and experience of existing mechanisms, with a view torecommending a draft decision to the COP for adoption at its 19th
session;
45. Considers that any such framework will be developed under theauthority and guidance of the Conference of the Parties;

11

The current status of UNFCCC negotiation (2/2)
Decision 19/CP18
Common tabular format for“UNFCCC biennial reporting guidelines for developed country Parties”
Table 4(b) Reporting on progress The JCM is one of various approaches based on Decision 1/CP.18, jointly
developed and implemented by Japan and partner countries, and Japanintends to contribute to elaborating the framework for suchapproaches under the UNFCCC.
 Japan will report to the COP the use of the JCM in Biennial Reports
12
including the Common Tabular in line with Decision 19/CP18.

References
JCM Demonstration Projects
Feasibility Studies
Capacity Building

13

JCM Promotion Scheme by METIJCM Demonstration Projects■JCM Demonstration Projects are implemented by NEDO (New Energy and Industrial
Technology Development Organization), which supports the project costs necessary toverify the amount of GHG emission reduction in line with JCM rules and guidelines.
■The budget for FY 2015: 3billion JPY (approximately $30million) ※■Coverage of project cost: Cost of the JCM Demonstration Projects necessary for MRVe.g. Cost of design, machines, materials, labor, travel, etc.

■Eligibility for the JCM Demonstration Projects:‐ Concrete Projects to demonstrate the effectiveness of leading Japanese technologies
and/or products installed and operated in the projects, and the amount of their GHG
emission reduction with MRV methodology by actual operation‐ Project Participants consist of entities from both countries, only the Japaneseentities can apply for the JCM Demonstration projects. The projects shall be completed
within 3 years.

JCM Feasibility Study (FS)

※Budget will be fixed after approval by the Parliament■The study to promote potential JCM projects and to survey their feasibility as well as tocheck the practicality of the MRV methodology.

Capacity Building Programmes■Variety of capacity building activities to increase technical experts
e.g.,) Experts on measuring amount of emission reductions by introducing low carbon
technologies and products in the host country.

14

JCM Feasibility Studies, MRV Applicability Verification Studies and Demonstration Projects by METI & NEDO in FY2013
→ METI’s FSs for Policy Recommendation
 → NEDO’s FSs for Project Exploration /Development▲→ NEDO’s MRV Applicability Verification Study
 → NEDO’s Demonstration Projects

Vietnam:Mongolia:

Highly Efficient Coal Power Plants(Ultra Super Critical)

Wind‐Power generation
 energy efficient housing complex at Ger area
 High efficiency and low loss power transmission

and distribution system

Water purification/sludge reduction
 Energy recovery using organic waste Wind‐Power generation
 Energy saving by inverter air conditioner optimum

operation at National Hospital

Myanmar:Run‐of‐river Micro Hydro Power Generation

 Energy saving by BEMS optimum operation at Hotel

Bangladesh:▲CCGT power generation

Mexico:Lao PDR:
Energy saving at beer plant

CCS (Carbon dioxide

Capture and Storage)

REDD+

Kenya:

Indonesia:

Dissemination of Solar lantern

Biomass Power Generation
Energy saving stores based on CO2 refrigerantREDD+ (4 projects)

Kenya, Ethiopia : Energy saving by optimum operation at Oil factory

 Micro Hydro power plant Utility facility operation optimization technology

into Oil factory Thin‐Film solar power plant

Djibouti, Rwanda:
Geothermal Power Generation

Peru:
REDD+

Thailand:Energy saving at Industrial Estate

India:

 Air Conditioners using CO2 refrigerant

Energy Efficient Air Conditioners (HFC 32)
Energy Efficient Technologies for

Integrated Steel Works

15

JCM Feasibility Studies, MRV Applicability Verification Studies and Demonstration Projects by METI & NEDO in FY2014
→ METI’s FSs for Policy Recommendation
 → NEDO’s FSs for Project Exploration /Development▲→ NEDO’s MRV Applicability Verification Studies
 → NEDO’s Demonstration Projects

Mongolia:※NEDO’s FSs and Demonstration Projects for FY2014 are in screening process High efficiency and low loss power transmission

and distribution system (since FY2013)
 FA utilization for Cement manufacture process

Cambodia:
Energy efficiency LED street light

Bangladesh: Hybrid(solar+diesel) power generation in▲CCGT power generation (since FY2013)

SEZ(Special Economic Zone)

Saudi Arabia:

Mexico:Energy efficiency technology incommerce and industrial sector
 Geothermal power plant for IPPs
 Ion exchange membrane in caustic

soda and chlorine production

Solar power generation and gas‐fired

Myanmar:combined power generation

 Energy saving at supermarket

 Energy efficiency beverage and foodfactory

Lao PDR:
Energy efficiency container date center

Vietnam:Energy efficiency technologies for steel industry
Low carbon technology application for eco‐cityEnergy efficiency operation for ships

Kenya:
Geothermal power generation

Ethiopia, Kenya:

Malaysia:
 Woody biomass

power generation

Mega‐solar power generationand Hydro power generation
 Rural electrification without
power grid

Maldives:
Medium‐size wind

power generation

Ethiopia: Bioethanol from molasses

Thailand:Energy efficiency technologies for steel industry
Bio‐coke High efficiency small boiler

 Installing LED lighting into Fishing vessel

Costa Rica: Mega Solar power generation

Chile:
Energy efficiency power generation
 Rooftop solar power generation

 Energy efficient paper making process Energy saving by inverter air conditioner optimum

operation at National Hospital (since FY2013)
 Energy saving by BEMS optimum operation at Hotel(since FY2013)▲Ecological convenience store

Indonesia:
Energy efficiency for mobile communication system ◆Low carbon waste treatment
LNG supply chain development and energy conversion ◆REDD+ （6 projects）
 Energy saving by operation at material factory Energy efficiency at data center ■ CCS Energy saving by optimum operation at Oil factory (since FY2013)
 Utility facility operation optimization technology into Oil factory (since FY2013)
 Thin‐Film solar power plant (since FY2013)16

Technical Details Currently Considered for the JCM(Subject to further consideration and discussion with host countries)

17

Necessary documents for the JCM(Subject to further consideration and discussion with host countries)

Rules and Guidelines
 Rules of Implementation
 Project Cycle Procedure
Overall Glossary of Terms
 Guidelines for Designation as a Third‐Party
Entity (TPE guidelines) Rules of Procedures for the Joint
Joint Committee
Committee (JC rules)
 Guidelines for Developing Proposed
Methodology
Methodology (methodology guidelines)
Developing  Guidelines for Developing Project Design
a PDD
Document and Monitoring Report (PDD
Project
and monitoring guidelines)
Monitoring
Procedures
Validation  Guidelines for Validation and Verification
Verification(VV guidelines)

18

Methodology Development Procedure of the JCM(Subject to further consideration and discussion with host countries)

Submission of
Proposed
Methodology

Project Participant

Government(Methodology Proponent)(Methodology Proponent) Prepare a proposed
methodology

 Prepare a proposed
methodology* Methodology guidelines* Proposed methodology
form* Proposed Methodology
Spreadsheet Form

* Methodology guidelines* Proposed methodology
form* Proposed Methodology
Spreadsheet Form

Joint Committee Develop a proposed
methodology under
the initiative of the
Joint Committee

Submit the proposed methodology

Completeness
Check

Notify the receipt of the submission
Communicate the result of completeness check Completeness check[7 days] (secretariat)
 Public inputs [15days] (secretariat)

Public Inputs

 Assessment of the
proposedmethodology [60days or up to 90
days]

Approval of
Proposed
Methodology
Notify the outcome of consideration
Note: Asterisk ( * ) indicates documentation relevant for each step of the procedure Approval of the
proposedmethodology

19Registration & Issuance Procedure of the JCM (1/2)(Subject to further consideration and discussion with host countries)

Project Participant

Third‐Party Entity

Joint Committee

Government Complete a PDD anddevelop a monitoring
plan

Developmentof PDD* PDD form and Monitoring Submit the draft PDD and MoC, and request for validationand public inputs
Spreadsheet* PDD and monitoring
guidelines

 Complete an MoC
Form* MoC Form

Notify the receipt of the submission

Validation
Validation andverification canbe conductedsimultaneously
or separately.

 Validate a project Prepare a validation
report* Validation and verification
guidelines* Validation report form
Submit the validation report Complete a
registration request
form

Registration

 Public inputs[30 days](secretariat)

Submit registration request form, the validated PDD and
MoC, and the validation report and request for registration* Registration request form

Notify the receipt of the request  Completeness check
Notify the conclusion[7 days] (secretariat)

Notify the registration  Registration

Notify the registration

20

Registration & Issuance Procedure of the JCM (2/2)(Subject to further consideration and discussion with host countries)

Project Participant

Monitoring

Issuance

Joint Committee

Government

 Conduct monitoring Prepare a monitoring Submit the monitoring
report for verification
report* PDD and monitoring
guidelines* Monitoring report sheet

 Verify emission
reductions
 Prepare a verification
reportVerification
Validation andverification canbe conductedsimultaneously
or separately.

Third‐Party Entity* Validation andVerification guidelines* Verification report form
Submit the verification report Determine allocation Request for notification for issuanceof credits
 Complete a credit
Notify the receipt ofissuance request
the request  Completeness checkform[7 days] (secretariat)* Credit issuance requestform Decision on
notification of
Notify the result
Notify the amount of credits
amount of credits to to be issued
be issued
Notify the issuance Issuance of credits

21

Rules of Procedures for the Joint Committee(Subject to further consideration and discussion with host countries)

Members
 The Joint Committee (JC) consists of representatives from both Governments.
 Each Government designates members, which may not exceed [10].
 The JC has two Co-chairs to be appointed by each Government (one from the host country
and the other from Japan). Each Co-Chair can designate an alternate from members of the JC.

Decision making in the JC
 The JC meets no less than once a year and decision by the JC is adopted by consensus.
 The JC may adopt decisions by electronic means in the following procedure:(a) The proposed decisions are distributed by the Co-Chairs to all members of the JC.
(b) The proposed decision is deemed as adopted when,i) no member of the JC has provided negative assertion within [20] calendar days after
distribution and both Co-Chairs have made affirmative assertion, orii) all members of the JC have made affirmative assertion.
 If a negative assertion is made by one of the JC members, the Co-Chairs take into
account the opinion of the member and take appropriate actions.
 The JC may hold conference calls to assist making decisions by electronic means.

External assistance The JC may establish panels and appoint external experts to assist part of its work.

Languages: English Secretariat: The secretariat services the JC.
Confidentiality: Members of the JC, Secretariat, etc. respect confidentiality.
Record of the meeting: The full text of all decisions of the JC is made publicly available.

22Basic Concept for Crediting under the JCM(Subject to further consideration and discussion with host countries) In the JCM, emission reductions to be credited are defined as thedifference between “reference emissions” and project emissions.
 The reference emissions are calculated below business‐as‐usual(BaU) emissions which represent plausible emissions in providing
the same outputs or service level of the proposed JCM project in thehost country.
 This approach will ensure a net decrease and/or avoidance of GHG
emissions.
Start of project operation
GHG emissions fromsources covered by aproject

Likely range of BaU emissions
Emission
Reductions(credits)

Reference Emissions
Project emissions

Time

23

Crediting Threshold(Subject to further consideration and discussion with host countries) Reference emissions are calculated by multiplying a“crediting threshold” which is typically expressed as GHG
emissions per unit of output with total outputs.
 A crediting threshold should be established ex ante in themethodology applicable for the same project type in thehost country. It should also be established conservatively
in order to calculate reference emissions below BaU
emissions.
 This standardized approach will greatly reduce the burdenof analyzing many hypothetical scenarios fordemonstrating additionality of the proposed project suchas under the CDM, while increasing transparency forcalculating GHG emission reductions.
24Addendum: ways to realize net reduction(Subject to further consideration and discussion with host countries)

 A net decrease and/or avoidance of GHG emissions can be realized
in alternative way, instead of calculating the reference emissions
below BaU emissions.
 Using conservative default values in parameters to calculate projectemissions instead of measuring actual values will lead calculated
project emissions larger than actual project emissions.
 This approach will also ensure a net decrease and/or avoidance of
GHG emissions, as well as reduce burdens of monitoring.
Start of project operation
GHG emissions fromsources covered by aproject

BaU emissions
Emission
Reductions(credits)Time

Calculated project emissions
Actual project emissions

25

JCM Methodology
 Key Features of the JCM methodology
The JCM methodologies are designed in such a way that project participants canuse them easily and verifiers can verify the data easily.
In order to reduce monitoring burden, default values are widely used in aconservative manner.
Eligibility criteria clearly defined in the methodology can reduce the risks ofrejection of the projects proposed by project participants.
Eligibility
criteria• A “check list” will allow easy determination of eligibility of a
proposed project under the JCM and applicability of JCM
methodologies to the project.

Data(parameter)• List of parameters will allow project participants to determine
what data is necessary to calculate GHG emission
reductions/removals with JCM methodologies.
• Default values for specific country and sector are provided
beforehand.

Calculation• Premade spreadsheets will allow GHG emission
reductions/removals to be calculated automatically by inputting
relevant values for parameters, in accordance withmethodologies.

26

Basic concept of Eligibility criteria in JCM methodology(Subject to further consideration and discussion with host countries)

The eligibility criteria in each JCM methodology is established, inorder to reduce emissions by: accelerating the deployment of low carbon technologies,
products and services, which will contribute to achieving net
emission reductions; facilitating the nationally appropriate mitigation actions(NAMAs) in host countries.
1. Both Governments determine what technologies, products,
etc should be included in the eligibility criteria through theapproval process of the JCM methodologies by the Joint
Committee.
2. Project participants can use the list of approved JCM
methodologies when applying for the JCM project registration.

27

Eligibility Criteria of the JCM(Subject to further consideration and discussion with host countries) Eligibility criteria in JCM methodologies contain the following:
1. The requirements for the project to be registered as a JCM
project. <Basis for the assessment of validation and registration of a
proposed project>

2. The requirements for the project to be able to apply the JCM
methodology. <same as “applicability condition of the methodology” under
the CDM> Examples of eligibility criteria 1.
 Introduction of xx (products/technologies) whose design
efficiency is above xx (e.g. output/kWh) <Benchmark Approach> Introduction of xx (specific high efficient products/technologies,
such as air conditioner with inverter, electric vehicles, or PV
combined with battery) <Positive List Approach> Examples of eligibility criteria 2.
 Existence of historical data for x year(s) Electricity generation by xx (e.g. PV, wind turbine) connected to
the grid28
 Retrofit of the existing boiler

Overview of JCM Methodology, Monitoring Plan and Monitoring Report(Subject to further consideration and discussion with host countries) JCM methodology consists of the followings.
Approved Methodology Document
Monitoring Spreadsheet
Monitoring Plan Sheet (including Input Sheet & Calculation Process Sheet)Monitoring Structure SheetMonitoring Report Sheet (including Input Sheet & Calculation Process Sheet)
Approved Methodology Document

Monitoring Spreadsheet

Monitoring
Report Sheet
Monitoring
Structure Sheet
Monitoring Plan
Sheet

Cells for data &information input 29

PDD and Monitoring Plan
(Subject to further consideration and discussion with host countries) Developing a Project Design Document (PDD) and a Monitoring PlanA PDD form should be filled in with information of the proposed project.
A Monitoring Plan consists of Monitoring Plan Sheet and Monitoring
Structure Sheet, and it should be filled in as well.
PDD

Monitoring Structure

Monitoring Plan

Roles and responsibilitiesof personnel for monitoringshould be described

Cells for data
input (ex ante)

Other necessary information on parameters
to be monitored are:
• Monitoring options• Source of data
• Measurement methods and procedures• Monitoring frequency

30

Possible Contents of the JCM PDD(Subject to further consideration and discussion with host countries)
A. Project description
A.1. Title of the JCM project
A.2. General description of project and applied technologies and/or measures
A.3. Location of project, including coordinates
A.4. Name of project participants
A.5. Duration
A.6. Contribution from developed countries
B. Application of an approved JCM methodology(ies)B.1. Selection of JCM methodology(ies)B.2. Explanation of how the project meets eligibility criteria of the approved
methodology
C. Calculation of emission reductions
C.1. All emission sources and their associated greenhouse gases relevant to theJCM project
C.2. Figure of all emission sources and monitoring points relevant to the JCM
project
C.3. Estimated emissions reductions in each year
D. Environmental impact assessment
E. Local Stakeholder consultation
E.1. Solicitation of comments from local stakeholders
E.2. Summary of comments received and their consideration
F. References
Annex
Approved Methodology Spreadsheet consists of Monitoring Plan Sheet, Monitoring
Structure Sheet and Monitoring Report Sheet, and it shall be attached to the PDD. 31

Monitoring Report(Subject to further consideration and discussion with host countries)

 Making a Monitoring Report
A Monitoring Report should be made by filling cells for data input (ex post)in the Monitoring Report Sheet with monitored values.
Project participants prepare supporting documents which include
evidence for stated values in the cells for data input.
Cells for data
input (ex post)
Monitoring Report
Monitoring
periodOther necessary information on monitored
parameters are to be filled in:• Monitoring options• Source of data
• Measurement methods and procedures• Monitoring frequency

32

JCM Registry
Establishment & operation
Japanese registrycredit issuance•A registry will be established by Account holders
Registry
based on notification
managerby the JC
each side (RoI (draft) para13 (b)).
accessGovernment account•The registries need to share
Private accounts“Common specifications”, e.g.,‐ functions (e.g. issuance,
General users
retirement, holding,General information
access(account holders,
cancelation of credits)amount of credits
issued etc.)‐ account type (e.g. holding
account, government holding Account holders can access both general information andown accounts while general users can only accessaccount, cancellation account, theirgeneral information.
and retirement account)‐ rules of serial number of the credit‐ information sharing•Japan plans to establish its registry and start operation in FY 2015.
•The host countries will also establish their own registry.

33

JCM Website
Contents•General information page
•Individual JCM Partner countries‐
Japan page

Function•Information sharing to the public, e.g.,
Image of the general information page <URL: https://www.jcm.go.jp/>‐ the JC decisions,
Partner Country ‐ Japan‐ rules and guidelines,‐ methodologies,‐ projects,‐ call for public inputs/comments,‐ status of TPEs, etc.
•Internal information sharing for the JC
members, e.g.,‐ File sharing for electric decisions by
the JCImage of the individual JCM Partner countries‐Japan page34