Joint credit for overseas energy storage projects

How does Moe Japan promote decarbonizing infrastructure?

MOE Japan will continue to strongly promote the overseas expansion of decarbonizing infrastructure through the JCM, based on the "Plan for Global Warming Countermeasures (Cabinet decision in October 2021)" and others. 1. JCM Outline - Since 2013, Japan has established the JCM with 29 partner countries, and over 250 projects have been selected.

How will Sinopec projects benefit Saudi Arabia?

Luo Zuoxian, an analyst at the Sinopec Economics and Development Research Institute, said the projects will further diversify Saudi Arabia's energy sources and enhance local grid stability and reliability, thanks to the advanced technology and expertise brought by Chinese companies.

Which projects are registered under JCM?

Underlined projects, one in Mongolia, three in Vietnam, one in Lao PDR, three in Indonesia, one in Kenya were registered as JCM projects. Projects with “★” are those which JCM credits have been issued. CCS projects under JCM. 2. Overview of CCS activities

How did Moe Japan select new projects in FY2024?

In the second and third rounds of the selection process in FY2024, MOE Japan selected three new projects based on the results of an initial document screening, secondary review through interviews, acceptance/rejection review and confirming that there is ‘no objection’ raised by the Joint Committee of respective partner countries.

Will CCS projects be covered in JCM?

Also, JCM Rules & Guidelines is being revised so that CCS projects will be covered in JCM. Current target year is 2026; we will continue our activities toward the realization of CCS projects through the demonstration stage and issuance of CCS credits in JCM.

How much t-co2 will a JCM project reduce?

Approved projects are expected to reduce more than 17 million t-CO2 by fiscal 2030. Accumulated emission reductions or removals by FY 2030 through the JCM are estimated to be ranging from 50 to 100 million t-CO2 via scale-up or horizontal expansion of the project going forward.