PNG and Japan sign memorandum of cooperation on joint credit mechanism to reduce carbon emissions

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SHARM EL-SHEIKH, EGYPT: Papua New Guinea (PNG) and Japan today signed a Memorandum of Cooperation on a Joint Crediting Mechanism (JCM) on the sidelines of the 27th UN Climate Conference ( COP 27) in Egypt.

The Joint Credit Facility is a new bilateral project-based offset credit facility launched by the Government of Japan to facilitate the implementation of advanced low-carbon technologies to mitigate greenhouse gas (GHG) emissions. in host countries.

The signing marked the beginning of the two countries’ collaborative efforts to meet their respective Nationally Determined Contribution (NDC) commitments under the Paris Agreement to address the impacts of climate change. NDCs are efforts made by each country to reduce national carbon emissions and adapt to the impacts of climate change.

The Memorandum of Cooperation was signed by the Minister of Environment, Conservation and Climate Change of Papua New Guinea, the Honorable Simo Kilepa, and the Japanese Minister of Environment, Akihiro Nishimura, in the presence of delegates from Papua New Guinea and Japan and guests at COP 27.

“Today’s event marks another milestone in bilateral relations between the two countries; this time on the operationalization of Article 6 of the Paris Agreement through cooperative approaches and the application of internally transferred mitigation outcomes,” said Minister Kilepa.

He said that “cooperation is important for our countries to scale up our climate change mitigation actions to support the implementation of our nationally determined contributions, including contributing to the 1.5 degree the Paris Agreement (on the climate)”.

“Papua New Guinea welcomes and appreciates the support that the Government of Japan will provide and facilitate through the technological assistance and capacity building support required for the administration of the mechanism under this Memorandum of Cooperation. said Minister Kilepa.

Japanese Environment Minister Akihiro Nishimura acknowledged PNG’s partnership in the JCM. He said the signing will further strengthen the long-standing bilateral relationship between the two countries in the years to come.

“Today I am very pleased that we are able to sign the Memorandum of Cooperation on the establishment of the Joint Credited Mechanism with Papua New Guinea.

“Papua New Guinea is the JCM’s 25th partner country. We sincerely hope that JCM will be instrumental in deploying advanced decarbonization technologies and infrastructure in Papua New Guinea, leading not only to emission reductions but also to sustainable development in Papua New Guinea. said Minister Nishimura.

The implementation of the cooperation protocol is the next phase towards which the two countries will work. This will follow the necessary briefing to the National Executive Council on the outcome of COP27 after I return home, Minister Kilepa said.

“This is the first UNFCCC Conference of the Parties (COP) meeting I have attended shortly after taking up my ministerial portfolio. I learned that the work involved in this process is complex and difficult, especially in key areas such as climate adaptation, mitigation, finance, transparency, markets and non-markets and losses and damage,” said Minister Kilepa.

Minister Kilepa emphasized that it takes commitment, focus and, most importantly, strong leadership to ensure that the country’s top climate change priorities are advanced and secured by also working in close partnership with our countries in the Pacific region and the international community at large.

Minister Kilepa also acknowledged with appreciation the valuable contributions of technical officials from both countries who worked tirelessly for many months to ensure the successful conclusion and signing of the bilateral agreement.

“The Memorandum of Cooperation is another great testament to the importance of working together across government, especially in a highly technical area that requires expert-level coordination and guidance,” Minister Kilepa said.

Minister Kilepa further said that the government’s investment in building the capacity of officers and our institutional strengthening have also contributed significantly to enabling PNG officials to be leaders and coordinators on key thematic areas. from this conference for the Pacific region, such as adaptation, which deals with response measures to climate change to protect people, livelihoods and ecosystems; Gender and Transparency, as well as for the fulfillment of the country’s mandate as Chair of the Coalition for Rainforest Nations (CfRN).

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