Улаанбаатар
Private sector’s role in mitigation of climate change highlighted
Environment
Ulaanbaatar
/MONSTAME/ The Ministry of Environment and Tourism of Mongolia and the Ministry
of Environment of Japan together with other corresponding bodies organized a
meeting to provide information on possibilities for carrying out projects
and programs under the Joint Crediting Mechanism (JCM) set up in Mongolia as
per the Low Carbon Development Partnership between the governments of Mongolia
and Japan and to link businesspeople of the two countries.
The event
brought together representatives from Japan’s Environment Ministry and its affiliates
in charge of the JCM and business entities from both sides including around 50
Mongolian companies.
The JCM that
has been operated since 2013 covers 15 fields that emit the largest amount of
greenhouse gases and the private organizations are offered a breadth of
opportunities for implementing projects and programs on introduction of
eco-friendly, low-carbon technologies and products in Mongolia with investment from Japan.
One of the
main criteria for doing so is collaboration with a Japanese entity, but the
Mongolian companies are faced with challenges to find Japanese partner.
It is worthy
to note that a mitigation project is registered under the JCM only after it is proven having truly reduced carbon dioxide and greenhouse gas emissions upon its
completion. To this day, five projects have been registered and issued CER
(Certified Emission Reduction) credits from Mongolia.
Mongolia alone
accounts for 18,312 of the total 22,022 carbon credits obtained by 19 projects underway
in six out of the 17 countries that Japan is implementing the JCM with.
Even though
a few projects are being implemented in Mongolia compared to that of other 16
countries, Mongolia is topping with the amount of carbon dioxide and greenhouse
gases it has reduced.
