The government of Japan has proposed a joint crediting mechanism (JCM) with the Electric Vehicle Association of the Philippines (EVAP) and the Board of Investments (BOI) for the diffusion of leading low-carbon technologies, systems for addressing climate change mitigation issues.
A clear benefit that this initiative will render is reduction of greenhouse gas emissions from gas-fueled jeepeneys. There are 300,000 registered gas-powered jeepneys in the country. Dropping 55 old vehicles that travel 38km/route [round trip]and operating six trips a day can reduce greenhouse gas emissions by 1,050 metric tons of CO2 per year.
Japan has already established JCM with Mongolia, Bangladesh, Ethipoia, Kenya, Maldives, Vietnam, Laos, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar and Thailand. But no such accord has so far been reached with the Philippines.
“The Philippines should be the next developing country to sign up so that we may address climate change mitigation with the help of the Japanese government,” says EVAP president, Rommel Juan.
The Board of Investments, said Corieh Dichosa, its executive director for Industry Development Services, “fully support the JCM and will coordinate with all the necessary agencies to make sure that this program is successful.”
Facilitating diffusion of leading low carbon technologies, products, systems, services and infrastructure as well as implementation of mitigation actions, and contributing to sustainable development of developing countries;
Appropriately evaluating contributions from Japan to greenhouse gas (GHG) emission reductions or removals in a quantitative manner, and use them to achieve Japan’s emission reduction target;
Some Japanese consultants had visited EVAP at the BOI recently to study how JCM projects can be started in the Philippines. The consulted various government agencies such as the DENR, DOTC, BOI and DOE were also consulted.
“We will now follow up with the DENR and the DFA so that we may push the signing and approval of the Philippines as a partner country for the JCM,” Juan said.