JavaScript and Cookies need to be supported in order to use the website.

To be able to use all of the website & navigator's functions, download and install one of the following browsers:

Japan Fund for the Joint Crediting Mechanism (JFJCM)

The JFJCM seeks to increase the sustainability of ADB-financed and administered projects through the use of advanced low carbon technologies. The use of grants under the JFJCM will demonstrate the effectiveness of the JCM and provide a source of additional funding to eligible ADB developing member countries (DMCs). The JFJCM will also offer the opportunity for recipients to engage in projects with strong development characteristics and long-term climate-change mitigation benefits. The Japan Fund for the Joint Crediting Mechanism (JFJCM) is a single-donor trust fund established in 2014 and managed by ADB. The fund aims to provide financial incentives for the adoption of advanced low carbon technologies in ADB-financed and administered sovereign and non-sovereign projects. The JFJCM will provide grants and technical assistance to ADB projects utilizing the Joint Crediting Mechanism (JCM).

Support provider

Japan

Purpose of support

Project and program implementation

Eligible countries and regions

Eligible recipients are:For sovereign investment projects – governments of eligible ADB DMCs, that have signed a bilateral agreement with the Government of Japan for the development of the JCM at the time of financing.For non-sovereign investment projects – borrowers/clients of projects to be implemented in eligible DMCs. For TA projects – those included in (1) and ADB DMCs that have initiated discussions with the Government of Japan on the signing of a bilateral agreement for the development of the JCM.

Eligibility criteria

Eligible recipients are:

For sovereign investment projects – governments of eligible ADB DMCs, that have signed a bilateral agreement with the Government of Japan for the development of the JCM at the time of financing.

For non-sovereign investment projects – borrowers/clients of projects to be implemented in eligible DMCs.

For TA projects – those included in (1) and ADB DMCs that have initiated discussions with the Government of Japan on the signing of a bilateral agreement for the development of the JCM.

Projects should meet the following criteria for eligibility:

Defining the JCM methodology.
Preparation of the Project Design Documents (PDD).
Validation by Third Party Entities (TPEs).
Registration of the project with the JCM.
Monitoring and verification of GHG emission reduction.
Issuance of the JCM credits and delivery to both governments.
Environmental and social impact:
- A reduction of environmental pollution, including air or water pollution, solid waste treatment, or conservation of natural resources.
- Other social economic benefits, including increased job creation opportunities and better access to basic infrastructure.

Financial instruments

Grants

Decision-making information

ADB’s Regional and Sustainable Development Department (RSDD) will establish a fund secretariat and manage the JFJCM.

Third Party Entities (TPEs) are independent auditors designated by the Joint Committee to conduct validation and verification activities under the JCM. TPEs will be appointed to assess whether a proposed JCM project complies with the eligibility criteria set forth under the applied approved methodology(ies).

Information on how to...

Contact the ADB for more information.

Please note, funding is only available to pre-selected countries. See the eligible countries field for more information.

Climate objective

Mitigation

Sectors and themes

Agriculture, Cities, Energy efficiency, Forestry and Land-Use, Industry and Infrastructure, Renewable Energy, Transport, Waste Management

Type of support provider

Multilateral

Type of recipient

Public entity at the national level

Fund size

The Government of Japan supports this fund. As of May 2021, Japan’s cumulative contribution to the fund since its inception in June 2014 amounted to ¥9.8 billion ($88.46 million equivalent).

Co-financing required

Trustee or administrator

Asian Development Bank (ADB)

Contact information

https://www.adb.org/site/funds/funds/japan-fund-for-joint-crediting-mechanism

Ryuzo Sugimoto, JFJCM Fund Manager, jfjcm@adb.org

You are here

Japan Fund for the Joint Crediting Mechanism (JFJCM)

Sign-up for the NDC Partnership monthly newsletter and receive updates on country work, upcoming events, resources, and more.