Memorandum of Cooperation on the Joint Crediting Mechanism
between the Government of Japan and the Government of the Republic of Tunisia

1. The Government of Japan and the Government of the Republic of Tunisia (hereinafterreferred to individually as a “government” and collectively as “both governments”), in
pursuit of the objectives of the Paris Agreement including holding the increase in theglobal average temperature to well below 2 °C above pre-industrial levels and pursuingefforts to limit the temperature increase to 1.5 °C above pre-industrial levels as
stipulated in its Article 2, paragraph 1, sub-paragraph (a), and in order to enhancebilateral cooperation in addressing climate change, establish a Joint Crediting
Mechanism (hereinafter referred to as “the JCM”).
2. The JCM aims to facilitate diffusion of, among others, leading decarbonizing
technologies, products, systems, services and infrastructure as well as implementationof mitigation actions, thereby contributing to greenhouse gas emissions reductions orremovals and sustainable development in the Republic of Tunisia, and the achievementof nationally determined contributions of Japan and the Republic of Tunisia.
3. Both governments implement the JCM in accordance with the relevant domestic laws
and regulations in force in respective countries.
4. Both governments establish the Joint Committee consisting of representatives from eachgovernment to implement the JCM.
5. The Joint Committee develops rules and guidelines necessary for the implementation ofthe JCM, relating to project cycle procedures, methodologies, project design documents,
monitoring, designation of third-party entities, validation and verification and otherrelated matters of the JCM.
6. Both governments mutually recognize that part of credits generated from emission
reductions and removals by the implementation of JCM projects (hereinafter referred toas “JCM credits”) may be used towards the achievement of Japan’s nationallydetermined contribution, while ensuring that double counting is avoided on the basis ofcorresponding adjustments, consistent with the guidance on cooperative approaches,
referred to in Article 6, paragraph 2 of the Paris Agreement (hereinafter referred to as“the guidance”).
7. Each government authorizes the JCM credits issued in the JCM registry of Japan for use
towards the achievement of Japan’s nationally determined contribution asinternationally transferred mitigation outcomes, consistent with the guidance.
8. Both governments may authorize part of JCM credits issued in the JCM registry of Japan
to be used for other international mitigation purposes, as appropriate, consistent withthe guidance.
9. Both governments ensure the transparency and environmental integrity of the JCM andmaintain it simple and practical, to promote concrete actions for global greenhouse gas
emission reductions and removals.

10. Both governments work in close cooperation for the implementation of the JCM. TheGovernment of Japan will facilitate technological and capacity building support
necessary for the administration of the JCM by the Government of Republic of Tunisia.
11. Both governments aim for contributions to assist adaptation efforts of developing
countries.
12. Either government may terminate this Memorandum of Cooperation by giving at leastsix (6) months’ prior notice to the other government through diplomatic channel. Suchtermination will not affect existing projects or activities under this Memorandum ofCooperation.
13. Any content of this Memorandum of Cooperation may be modified and supplemented
by mutual written consent between both governments.
14. Any differences in the interpretation, application and implementation of thisMemorandum of Cooperation are resolved amicably through consultations between
both governments.

Signed in Tunis on 26 August 2022, in two originals in the English language.

For the Government of Japan

HAYASHI Yoshimasa
Minister for Foreign Affairs

For the Governmentof the Republic of Tunisia

Othman JERANDI
Minister of Foreign Affairs,
Migration and Tunisian Abroad