The JCM as part of the Framework for Various Approaches under the UNFCCC
The JCM is one of various approaches based on Decision1/CP18, jointly developed and implemented by Japan and partner countries, and Japan intends to contribute to elaborating the framework for such approaches under the UNFCCC. In December 2013, Japan reported the use of the JCM in Japan's First Biennial Reports in line with the Decision 19/CP18. Also, in October 2014, Japan submitted its views on the framework for various approaches (FVA) referred to in paragraphs 6 of FCCC/SBSTA/2014/L.10.
Basic Concepts for Crediting under the JCM
In the JCM, emission reductions to be credited are defined as the difference between “reference emissions” and project emissions as described in Figure 1. The reference emissions are calculated below business-as-usual (BaU) emissions that represent plausible emissions in providing the same outputs or service level of the proposed JCM project in the host country. This approach will ensure a net decrease and/or avoidance of GHG emissions.
Key Features of the JCM Methodologies
One of the major purposes of Feasibility Studies for JCM Projects, which are discuss in the details in the next chapter, is to develop draft JCM methodologies for each project. The key features of the JCM methodologies are summarized in the following points and table 1:
The JCM methodologies are designed in such a way that project participants can use them easily, and verifiers can verify the data easily;
In order to reduce the monitoring burden, default values are widely used in a consecutive manner;
Eligibility criteria clearly defined in the methodology can reduce the risks of rejection of projects proposed by project participants.