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

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).

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/

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Contact information:

Maiko UGA

Office of Market Mechanisms,

Climate Change Policy Division,

Global Environmental Burea

Phone: +81-3-5521-8246

For Japanese