Revision of J-MRV Guidelines

Japan Bank for International Cooperation (JBIC)

The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) has revised the Guidelines for Measurement, Reporting and Verification of GHG Emission Reductions in JBIC GREEN operations (the “J-MRV Guidelines”).

The revision includes establishment of (1) methodology for introducing new cogeneration facilities and (2) methodology for manufacturing energy efficient/renewable energy equipment, and addition of a new formula of emission reductions in associated gas recovery and utilization projects. This revision allows JBIC to apply a wider range of GHG reduction projects in its GREEN operations.

Going forward, JBIC plans to establish new methodologies to make the J-MRV Guidelines more comprehensive, in order to proceed with the smooth implementation of its GREEN operations.

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