Japan Fund for the Joint Crediting Mechanism (JFJCM)
The Japan Fund for the Joint Crediting Mechanism (JFJCM) is a single donor trust fund established in 2014 and managed by ADB. The fund aims to provide financial incentives for the adoption of advanced low-carbon technologies in ADB-financed and administered sovereign and nonsovereign projects. The fund will provide grants and technical assistance (TA) to ADB projects utilizing the Joint Crediting Mechanism (JCM). The fund seeks to increase the sustainability of ADB-financed and administered projects through the use of advanced low-carbon technologies. The use of JFJCM grants will demonstrate the effectiveness of the JCM and provide a source of additional funding to eligible ADB developing member countries (DMCs). The fund will also offer the opportunity for recipients to engage in projects with strong development characteristics and long-term climate change mitigation benefits. The JFJCM also aims to contribute to global climate change and development initiatives such as the Paris Agreement and the Sustainable Development Goals.
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