Grant program - "Joint Crediting Mechanism" (JCM)
Basic Concept of the Joint Crediting Mechanism (JCM)
- Facilitating diffusion of leading decarbonization technologies, products, systems, services, and infrastructure as well as the implementation of mitigation actions, and contributing to the sustainable development of developing countries.
- Appropriately evaluate contributions from Japan to GHG emission reductions or removals in a quantitative manner and use them to achieve Japan's emission reduction target.
- Contributing to the ultimate objective of the UNFCCC by facilitating global actions for GHG emission reductions or removals.
Japan establishes and implements the JCM in order to quantitatively evaluate the contributions of Japan to greenhouse gas emission reductions and removals which are achieved through the diffusion of, among others, leading decarbonizing technologies, products, systems, services, and infrastructures as well as through the implementation of measures in developing countries and others, and in order to use such contributions to achieve Japan’s NDC. By doing so, through public-private collaborations, Japan aims to secure accumulated emission reductions and removals at the level of approximately 100 million t-CO2 by the fiscal year 2030. Japan will appropriately count the acquired credits to achieve its NDC. As of October 2022, Japan has established the JCM with 23 partner countries (Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Viet Nam, Lao PDR, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand, Philippines, Senegal, Tunisia, Azerbaijan, Moldova, Georgia and Sri Lanka).
Private companies in Moldova can apply to the preselection of the grant program by filling in the following application form.
Eligible Technologies:
- Biofuels
- Solar energy (PV, Solar Heaters, Concentrators, etc.)
- Wind energy
- etc.
Terms and conditions:
- Beneficiary: Private legal entities from the Republic of Moldova
- Investment destination: Energy Efficiency and/or Renewable Sources of Energy
- Grant amount: Up to 20 Mil Euro
- Share of financing: Up to 40% from eligible costs
- Financing modality: Reimbursement
Project implementation stages:
- Submission of short project proposals (2-pager form)
- When approved, the development and submission of a full project proposal
- When approved, the implementation of the project
- When verified, the reimbursement of up to 40% of the total eligible costs
All application forms should be submitted to: nicolae.zaharia@sinergetika.org
For clarification questions about the details of the grant program, please contact us