11:08 | 14/03/2015 Science - Technology
(VEN) - A water saving project under the Japanese Joint Crediting Mechanism (JCM) has been deployed in Vietnam since 2012 with the intention of helping businesses here save water and related costs as part of their green growth target. Vietnam Economic News’ reporter Phuong Lan spoke about the implementation of this project with Hiraku Kobayashi, former Deputy Minister of the Japanese Ministry of Environment.
Former Deputy Minister of Japanese Ministry of Environment Hiraku Kobayashi
Can you tell us a bit about the project?
Many activities have been deployed within the Japan-Vietnam bilateral cooperation framework on JCM-based greenhouse gas emission reductions, including the application of water saving measures via this project. To date, its technical and environmental assessments as well as related surveys have been completed. Based on these results, we will devise specific corporate water saving plans for the time to come.
In what way does the JCM benefit Vietnamese businesses?
Vietnamese businesses involved in this project will receive financial support and consultancy from their Japanese partners.
To save water during production, Vietnamese businesses must use modern machinery and equipment which are fairly expensive. But by joining this project, they will receive 50-80 percent of the amount needed to buy and install these machines and equipment.
Through the application of water-saving measures, businesses can protect local water resources and the environment, while also saving on the electricity cost of running water pumps.
Who are the beneficiaries of the project?
Vietnamese businesses are beneficiaries of the project. To qualify, they must have favorable infrastructure to allow for the installation of water-saving machinery and equipment, and of course, they must also wish to join the project.
What do you think is the overall effect of this project?
This is the second time I’ve been to Vietnam, and I’ve noticed that Vietnamese partners are extremely interested in water-saving projects. Currently, there are many buildings being built in Vietnam with a high demand for clean water, and so this project is promising in terms of its widespread success.
What about other sectoral JCM-based projects in addition to water saving ones?
In addition to water saving projects, we will also deploy several other JCM-based projects in the fields of energy and transport in relation to a more rational use of air-conditioners, water heaters, and oil and gasoline motors.
To date, Japan has signed JCM agreements with 12 countries worldwide, with Vietnam being the first to pilot this mechanism. The successful models recorded in Vietnam will be applied to other countries.