Press Release

Issuance of credits from the Joint Crediting Mechanism between Thailand and Japan

October 1, 2020

On September 28, the Joint Committee of the Joint Crediting Mechanism (JCM) between Thailand and Japan decided notifying each side of the amount of credits to be issued for the projects below. These projects are supported by the Financing Programme for JCM Model Projects by the Ministry of the Environment, Government of Japan (GoJ).

Project title

Notified amount of credits to be issued

(tCO2eq)

Amount GoJ will acquire

Reducing GHG emission at Textile Factory of Luckytex (Thailand) Public Company Limited by Upgrading to Air-saving Loom 504 252
Introduction of 3.4MW Rooftop Solar Power System to Air-conditioning Parts Factories 709 354

About the Joint Crediting Mechanism:

  • The Joint Crediting Mechanism (JCM) aims to facilitate diffusion of leading low carbon technologies, products, systems, services, and infrastructure as well as implementation of mitigation actions, and contribute to sustainable development of developing countries. Also, it appropriately evaluates contributions to GHG emission reductions or removals from Japan in a quantitative manner, by applying measurement, reporting and verification (MRV) methodologies, and appropriately accounted as Japan's emission reduction target.
  • Currently, there are 17 partner countries including Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Viet Nam, Lao PDR, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand and Philippines.
  • Apart from contributions achieved through private-sector based projects, accumulated emission reductions or removals by FY 2030 through governmental JCM programs to be undertaken within the government's annual budget are estimated to be ranging from 50 to 100 million t-CO2.

Learn more about the JCM:

https://www.carbon-markets.go.jp/eng/jcm/

Follow us on Twitter: MOEJapan Climate Action https://twitter.com/MOEJ_Climate

Any questions or comments? Please write to us via MOE-mail.

Contact information:

Maiko UGA

Office of Market Mechanisms,

Climate Change Policy Division,

Global Environmental Burea

Phone: +81-3-5521-8246

For Japanese

Page top