Climate and Energy

Market Mechanisms

Promoting Joint Crediting Mechanism (JCM) activities in Asian countries and proposing the design of new market mechanisms in order to contribute to global efforts to combat climate change

As a new, cost-effective way to reduce greenhouse gas emissions, the use of market mechanism is attracting attention. This research will support the effective introduction and implementation of market mechanism by providing straightforward and useful information to the business community, and will contribute to practical policy-making by conveying the viewpoint of affected businesses to policymakers.

Research Components
JCM Capacity Building - Enabling environment for JCM projects

  1. Supporting institutional framework for JCM
    Support for setting-up and improving institutional arrangement for operating the JCM in host countries, and improving approval process for JCM project.
  2. Supporting JCM project identification and methodology development
    Organisation of workshops with governments and local governments in host countries and implementation of technical consultation for JCM methodology development.
  3. Providing information and raising awareness on JCM
    Provision of comprehensive and useful information on JCM in Asia for project developers and investors to promote effective JCM implementation. Organisation of a training workshop for potential Third Party Entities (TPE) who conduct validation in project registrations and verification in credit issuance. Publication of booklets explaining procedures and requirements in JCM project developments and guidelines for TPEs.
  4. The JCM Matchmaking Platform

    The Platform aims to help Japanese and JCM partner countries companies find and contact each other to exchange project ideas and technology interests. The Platform consists of the JCM Matchmaking Online Company Information Form and the JCM Matchmaking Company Search Engine.

CDM reform

Joint proposals: IGES and the Government of Cambodia jointly submitted proposals to the CDM Executive Board in October 2006, November 2007 and September 2009, requesting to streamline the CDM procedure for Least Developed Countries. A proposal on the standardised baseline, suggested by IGES and the Government of Cambodia, for reducing the burden of project development was approved by the CDM Executive Board in November 2013. IGES makes proposals for CDM reform based on quantitative analysis with original database and experience from activities in host countries.

CDM Reform Conference: IGES has invited officers from countries IGES conducts activities and has been organising the CDM Capacity Building General Meeting from 2010 to share experience and lessons learned from each country, and to discuss options to further improve the CDM.

Database and MOU

The UNFCCC secretariat and IGES signed a memorandum of understanding (MOU) on the exchange of CDM data in May 2008 and have implemented further collaboration with data and analysis.
»GHG Emissions / Market Mechanisms Databases

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