Japan and Sri Lanka sign Memorandum of Cooperation on the Joint Crediting Mechanism (JCM) for Low Carbon Growth Partnership.

Japan and Sri Lanka signed a Memorandum of Cooperation on the Joint Crediting Mechanism (JCM) for Low Carbon Growth Partnership this afternoon (10) at the Presidential Secretariat.

The Memorandum of Cooperation on the JCM was signed by Dr. Anil Jasinghe, Secretary to the Ministry of Environment and Mr. Misukoshi Hideki, Japanese Ambassador to Sri Lanka. Thereafter, the Japanese Ambassador met with President Ranil Wickremesinghe and engaged in cordial discussion.

After its withdrawal from the Second Commitment Period of the Kyoto Protocol, Japan introduced the Joint Crediting Mechanism (JCM) in 2013 to contribute to the global effort of reducing greenhouse gas (GHG) emissions. This mechanism has been developed to reduce GHG emissions jointly with developing countries and share the greenhouse gas emissions reduced as the percentage between Japan and the agreed party country. Japan introduced this mechanism as agreed at the 21st Conference of Parties to the United Nations Convention on Climate Change to adopt the Paris Agreement to achieve the commitments of the Nationally Determined Contributions.

Japan is currently implementing projects under the JCM mechanism in 17 countries such as Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Vietnam, Laos, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand and Philippines.

Through implementing the proposed projects under this mechanism the benefits such as introducing new technologies and technical expertise, capacity building, generation of green jobs and new infrastructure development could be achieved.

The Government of Japan and its private sector will provide technical assistance and part of the capital investment to implement this mechanism in developing countries. Under this mechanism, projects in energy, industry, transport, waste, forestry and agriculture sectors for reducing GHG emissions are expected to be implemented.

Moreover, Sri Lanka ratified the Paris Agreement on Climate Change on 21st September 2016. Sri Lanka also has submitted its Nationally Determined Contributions (NDCs) to the United Nations Framework Convention on Climate Change (UNFCCC). Therefore, the implementation of the Joint Crediting Mechanism in Sri Lanka will support achieving the GHG emission reduction targets under the Paris Agreement and contribute to the global effort of reaching the global temperature goal of the Paris Agreement.

Approval from the Ministry of Foreign Affairs and the Attorney General’s Department has been obtained for the implementation of the Joint Carbon Crediting Mechanism between Japan and Sri Lanka. Further, Cabinet approval has been received on 05 September 2022 for the implementation of the mechanism in Sri Lanka.

When implementing this mechanism in Sri Lanka, a Joint Committee co-chaired by the Governments of Japan and Sri Lanka and representatives of both countries will be established to approve the projects.

Speaking at the occasion Mr. Naseer Ahmed, the Minister of Environment, said that under the guidance of President Ranil Wickremesinghe, and on the special supervision of Mr. Sagala Ratnayake, the President’s Senior Adviser on National Security and the Chief of Staff, this program was made successful.

Minister of Environment Naseer Ahmed, Senior Adviser to the President on National Security and Chief of Presidential Staff Sagala Ratnayake, Presidential Adviser on Climate Change Ruwan Wijewardana and others attended the event.

Japan and Sri Lanka sign Memorandum of Cooperation on the Joint Crediting Mechanism (JCM) for Low Carbon Growth Partnership.

Japan and Sri Lanka signed a Memorandum of Cooperation on the Joint Crediting Mechanism (JCM) for Low Carbon Growth Partnership this afternoon (10) at the Presidential Secretariat.

The Memorandum of Cooperation on the JCM was signed by Dr. Anil Jasinghe, Secretary to the Ministry of Environment and Mr. Misukoshi Hideki, Japanese Ambassador to Sri Lanka. Thereafter, the Japanese Ambassador met with President Ranil Wickremesinghe and engaged in cordial discussion.

After its withdrawal from the Second Commitment Period of the Kyoto Protocol, Japan introduced the Joint Crediting Mechanism (JCM) in 2013 to contribute to the global effort of reducing greenhouse gas (GHG) emissions. This mechanism has been developed to reduce GHG emissions jointly with developing countries and share the greenhouse gas emissions reduced as the percentage between Japan and the agreed party country. Japan introduced this mechanism as agreed at the 21st Conference of Parties to the United Nations Convention on Climate Change to adopt the Paris Agreement to achieve the commitments of the Nationally Determined Contributions.

Japan is currently implementing projects under the JCM mechanism in 17 countries such as Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Vietnam, Laos, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand and Philippines.

Through implementing the proposed projects under this mechanism the benefits such as introducing new technologies and technical expertise, capacity building, generation of green jobs and new infrastructure development could be achieved.

The Government of Japan and its private sector will provide technical assistance and part of the capital investment to implement this mechanism in developing countries. Under this mechanism, projects in energy, industry, transport, waste, forestry and agriculture sectors for reducing GHG emissions are expected to be implemented.

Moreover, Sri Lanka ratified the Paris Agreement on Climate Change on 21st September 2016. Sri Lanka also has submitted its Nationally Determined Contributions (NDCs) to the United Nations Framework Convention on Climate Change (UNFCCC). Therefore, the implementation of the Joint Crediting Mechanism in Sri Lanka will support achieving the GHG emission reduction targets under the Paris Agreement and contribute to the global effort of reaching the global temperature goal of the Paris Agreement.

Approval from the Ministry of Foreign Affairs and the Attorney General’s Department has been obtained for the implementation of the Joint Carbon Crediting Mechanism between Japan and Sri Lanka. Further, Cabinet approval has been received on 05 September 2022 for the implementation of the mechanism in Sri Lanka.

When implementing this mechanism in Sri Lanka, a Joint Committee co-chaired by the Governments of Japan and Sri Lanka and representatives of both countries will be established to approve the projects.

Speaking at the occasion Mr. Naseer Ahmed, the Minister of Environment, said that under the guidance of President Ranil Wickremesinghe, and on the special supervision of Mr. Sagala Ratnayake, the President’s Senior Adviser on National Security and the Chief of Staff, this program was made successful.

Minister of Environment Naseer Ahmed, Senior Adviser to the President on National Security and Chief of Presidential Staff Sagala Ratnayake, Presidential Adviser on Climate Change Ruwan Wijewardana and others attended the event.

PMD

Romania has stepped into provide employment opportunities to Sri Lankan workers in that country as it is opening up 100,000 foreign jobs in the construction, IT and tourism sectors earlier this year.

Romanian Ambassador to Sri Lanka Victor Chiujdea said IT-skilled youth of Sri Lanka have the potential and opportunity to join companies and multinational corporations in Romania.

The Ambassador made these revelations when he called on Prime Minister Dinesh Gunawardena at Temple Trees recently.

The Prime Minister’s Office said they discussed the bilateral relations between the two countries and the steps Sri Lanka is taking to overcome the current economic crisis.

Romania has continued to issue work permits to skilled and semi skilled workers from Sri Lanka.

He stated that 1,500 new work permits have been issued recently . There are currently over 8,000 Sri Lankan workers in Romania employed predominantly in the apparel, hospitality and construction sectors, with more skilled job opportunities opening up in other fields such as IT.

Both sides agreed to revitalize and expand the bilateral trade and investment portfolio to fully avail of the EU GSP+ facility and access the wider markets in Central Europe and Asia, respectively.

Technical assistance in locomotive rehabilitation and production, capacity building to address skill gaps in the oil and gas sector and agri processing, were identified for further cooperation.

Ambassador Chiujdea said many leading multinationals are investing heavily in Romania and there will be many opportunities for skilled IT workers from Asian countries including Sri Lanka to find employment.

He also noted that there is potential to explore thousands of jobs for IT specialists in multinational companies as well as in Romanian companies.

“A group of Sri Lankan academics will shortly visit Romania to discuss cooperation in the field of higher education through an exchange visit supported by the European Union,” Ambassador Chiujdea added.

He disclosed that Romania would sign an agreement with Sri Lanka to avoid double taxation to facilitate trade between the two countries.

The Prime Minister extended his appreciation for Romania’s support to Sri Lanka and made a special mention of the Romanian railway compartments and rails provided to Sri Lanka.

National Organiser of the Sri Lanka Freedom Party (SLFP) has reportedly been dropped from the Party Electoral and District Organisers’ meeting held yesterday (10).

Dissanayake has not been invited to the meeting, according to correspondents.

Early reports claimed the SLFP National Organiser is expecting a Cabinet Ministry of the RW-led Government very soon.

MIAP

All second year students of the Faculty of Medicine of the University of Ruhuna have been imposed a class prohibition for committing initiation rituals alias ‘ragging’ on first year students.

The decision was taken by the University Administration.

Accordingly, more than 200 students will be subjugated to this class prohibition as per the Administration’s decision, said acting Dean of the Faculty Prof. Channa Yahathugoda.

MIAP

An extraordinary gazette has been issued increasing the fees charged for services including obtaining a new driving licence, renewing a driving licence or extending the validity period.

The gazette was issued by Dr. Bandula Gunawardena in his capacity as the Minister of Transport.

MIAP