Webinar on the Joint Crediting Mechanism (JCM) Implementation in Republic of Maldives – Utilizing the JCM during the COVID-19 Period –

Ministry of the Environment, Government of Japan (MOEJ), the Global Environment Centre Foundation (GEC) and Pacific Consultants Co., Ltd. in collaboration with Ministry of Environment, Republic of Maldives jointly organized “Webinar on the Joint Crediting Mechanism (JCM*1) Implementation in Republic of Maldives – Utilizing the JCM during the COVID-19 Period -” on Friday, March 1, 2021. This webinar received more than 60 applications from Maldives, Japan, etc.

In this webinar, the opening remarks was provided by the Ms. Yanai, Ambassador Extraordinary and Plenipotentiary of the Embassy of Japan in Maldives, then the progress of JCM in Palau was shared by the Ministry of the Environment, Japan and the Ministry of Environment, Republic of Maldives, followed the explanation of JCM Financing Programme by GEC. After that, the outline of the JCM formation study in Maldives was described by Pacific Consultants Co., Ltd, and Renewable Energy Maldives and Maldives Ports Limited gave the presentation on opportunities for decarbonizing technologies/projects in Maldives. Toshiba Energy Systems & Solutions Corporation explained the outline of micro grid JFJCM*3 project in Addu. In the panel discussion, the presenters actively exchanged opinions on issues and solutions for JCM project formation in Maldives.

After the webinar, individual meetings were arranged online between participants and the speakers in Session 3. Also, individual consultation was set up online about JCM and Asian Development Bank’s JFJCM and speakers gave advice on utilizing JCM to participants.

From the results of the questionnaire, many respondents were generally satisfied with the content of the webinar, but there was a comment requesting more participants from Maldives, which will be raised as a future issue.

Overview of Webinar

Date: Friday, March 1, 2021, 09:00-12:00 Maldives time (UTC+5); 13:00-16:00 Japan Time (UTC+9)
Venue: Zoom
Organizers: Ministry of Environment, Republic of Maldives, Ministry of the Environment, Government of Japan (MOEJ), Global Environment Centre Foundation (GEC) and Pacific Consultants Co., Ltd.

Program

Session 1. Opening Remarks
Ms. Keiko Yanai, Ambassador, Embassy of Japan in the Republic of Maldives
Session 2. Information Sharing on the JCM Progress
Recent Development of The Joint Crediting Mechanism (JCM) Mr. Hironori Aoki, Resercher, Ministry of the Environment, Government of Japan
JCM in Maldives Mr. Zammath Khaleel, Assistant Director, Ministry of Environment, Republic of Maldives
Financing Programme for JCM Model Projects and JCM Global Match Mr. Satoru Tango, Senior Manager, Global Environment Centre Foundation (GEC)
Session 3. JCM Implementation in Republic of Maldives
JCM Model Project Formation Study in Republic of Maldives Mr. Yoshihiro Mizuno, Executive Project Manager, Pacific Consultants Co., Ltd. (PCKK)
Renewable Energy Maldives – The future is now - Mr. Ibrahim Nashid, Chairman, Renewable Energy Maldives Pvt. Ltd.
Maldives Ports Limited Mr. Surahabeel Waheed, Mechanical Engineer, Maldives Ports Limited.
Micro-grid System to Reduce Carbon Emissions in Maldives Mr. Daisuke Takeda, Fellow, Toshiba Energy Systems & Solutions Corporation
Session 4. Panel Discussion
- Efforts toward Low Carbon Emission and or Decarbonization in Maldives and Role of JCM Moderator: Mr. Yoshihiro Mizuno, Pacific Consultants Co., Ltd. Panelists: Mr. Kazuhisa Koakutsu, Director of International Negotiations, Ministry of the Environment, Government of Japan Mr. Ali Shareef, Director, Ministry of Environment, Republic of Maldives Mr. Satoru Tango, Senior Manager, Global Environment Centre Foundation Mr. Ibrahim Nashid, Chairman, Renewable Energy Maldives Pvt. Ltd. Mr. Ahmed Inaan, Head of Engineering, Maldives Ports Limited. Mr. Daisuke Takeda, Fellow, Toshiba Energy Systems & Solutions Corporation
Session 5. Closing Address
Ms. Khadeeja Naseem, Deputy Minister, Ministry of Environment, Republic of Maldives
Individual Meeting among Participants and Asian Development Bank (ADB)/GEC/PCKK Consultation (via Zoom Meeting)
- Individual meetings between Session 3. speakers and participants - Consultation to ADB including Japan Fund for JCM (JFJCM) - Consultation to GEC or PCKK about JCM and JCM Financing Programme

• *1 JCM stands for the Joint Crediting Mechanism, and it is a bilateral cooperation mechanism that developing countries and Japan collaborate on GHG emission reductions projects and share the reduction result. For further information, please refer to the official website of JCM here.
• *2 In order to support the implementation of candidate JCM projects, Ministry of the Environment, Government of Japan has launched the “JCM Model Projects”. The purpose of the JCM Model Project is to financially support the implementation of projects which reduce GHG emissions by utilizing leading low carbon technologies in developing countries, and in return seeks to acquire JCM credits for achievement of Japan’s GHG emission reduction target.
• *3 JFJCM stands for Japan Fund for Joint Crediting Mechanism, and it provides the financial incentives for the adoption of advanced low-carbon technologies which are superior in GHG emission reduction but expensive in Asian Development Bank-financed projects.