Press Release

January 19, 2026
  • Global Environment

Outcome of Forum on Advancing Article 6 Implementation through Business Engagement and JCM Project Matchmaking in Thailand

1. 　To commemorate the first issuance of the Internationally Transferred Mitigation Outcomes (ITMOs) under the Joint Crediting Mechanism (JCM), the Ministry of the Environment (MOE) of Japan, in cooperation with Thailand Greenhouse Gas Management Organization (TGO), a public organization under the Ministry of Natural Resources and Environment, Thailand, hosted “Forum on Advancing Article 6 Implementation through Business Engagement and JCM Project Matchmaking in Thailand” on December 17, 2025 in Bangkok, Thailand. 
 
2. 　This forum discussed the latest developments in the JCM, including bilateral frameworks, project cycles, credit issuance procedures, and methodologies, with the aim of raising awareness of the implementation of Article 6 of the Paris Agreement and accelerating the development of JCM projects in Thailand.
 
3. 　Moreover, we held a business pitch session featuring eight companies from Japan and Thailand that have JCM-related technologies and solutions. Projects were introduced covering industrial emission reduction technologies, such as renewable energy (solar power and storage batteries), decarbonization of commercial transportation using electric vehicles (EVs), construction technologies for zero-carbon buildings, and refrigerant recovery and biogenic CO2. In addition, projects covering agricultural emission reductions centered on alternate wetting and drying (AWD), high-reliability credit creation using digital MRV, and nature-based solutions were also introduced.
 
4. 　During the subsequent business matching and individual consultation meetings, presenting companies and government officials from both Japan and Thailand engaged in specific discussions to explore potential cooperation for developing JCM projects.
 
5. 　On the previous day, December 16, a reception commemorating the first transfer of ITMOs under the JCM was held at the Residence of the Ambassador of Japan to Thailand, hosted by the Embassy of Japan in Thailand. This occasion provided an opportunity to share the progress of cooperation to date and to further strengthen the Japan-Thailand cooperative relationship going forward.
 
6. 　The Ministry of the Environment will continue to expand and accelerate the use of the JCM, contributing to Thailand's decarbonization.

■　Overview of Forum on Advancing Article 6 Implementation through Business Engagement and JCM Project Matchmaking in Thailand

Date and Time:  December 17, 2025,  9:45-17:00 (Bangkok time) / 11:45-19:00 (Japan time)

Venue: Bangkok, Thailand

Format: In-person and online (hybrid)

Language: English/ Thai (Interpretation provided)

Hosted by: 
Ministry of the Environment (MOE), Japan
Thailand Greenhouse Gas Management Organization (Public Organization) (TGO), under the Ministry of Natural Resources and Environment, Thailand

Partner Organizations:
Embassy of Japan in Thailand
Institute for Global Environmental Strategies (IGES) / Paris Agreement Article 6 Implementation Partnership (A6IP) Center
Overseas Environmental Cooperation Center (OECC)
JCM Implementation Agency (JCMA)
JICA Bangkok Office

Participants: Government officials and representatives from companies of Japan and Thailand, approx. 340 (190 in-person, 150 online)

Presentation documents are available from the following website:
https://a6partnership.org/training-events/forum-on-advancing-article-6-implementation-through-business-engagement-and-jcm-project-matchmaking-in-thailand

Agenda:
Time Program Speakers and Presenters
09:00-09:30 Registration 　
09:30-09:50 Opening remarks (Japanese side) Ms. Mari AKIYAMA,
Minister, Embassy of Japan in Thailand
Opening remarks (Thai side) Ms. Preeyaporn SUWANAGED, Deputy Permanent Secretary, Ministry of Natural Resources and Environment, Thailand
09:50-10:00 Photo session 　
10:00-10:30  Role of the JCM in Japan’s Climate Change Policies and How to access Japan’s support programs for the JCM Maiko UGA, Program Manager for International Carbon Markets, Ministry of the Environment, Japan (MOEJ)
10:30-11:00 Thailand’s Participation in Article 6 and its expected contribution to NDC ambition – Use of Article 6 under the NDC Action Plan and Article 6.2 authorization criteria and process Sunaree CHANGIN, Environmentalist, practitioner level, Department of Climate Change and Environment (DCCE)
11:00-11:20 Coffee Break 　
11:20-11:40  How to register projects under the JCM track under Premium T-VER – Key requirements and processes Pornpawee KITTITANAPHAN, Technical Officer, Carbon Credit Certification Office, Thailand Greenhouse Gas Management Organization (Public Organization) (TGO)
11:40-12:00 Q&A on the JCM track under Premium T-VER TGO and MOEJ
12:00-13:30 Networking Lunch 　
13:30-13:40 Introduction to JCM Global Match Yohei YOSHINAMI, Deputy Director, JCM Implementation Agency (JCMA)
13:40-15:00 Business pitching panel session: JCM-Relevant Project Concepts from Japan and Thailand

This session will include presentations on projects ideas and technologies from both Japanese and Thai companies that are well-suited for implementation under the JCM. Focusing on high-impact, high-hanging fruit solutions—The presentations aim to illustrate how advanced technologies can be applied in real settings.		 Moderated by Satoshi IEMOTO, Senior Project Fellow, Overseas Environmental Cooperation Center, Japan (OECC)

Company presenters:
1) Iwatani Corporation (Thailand) Ltd.
Fuchu Shunsuke, Head of Industrial Gases & Energy Department
2) Sharp Solar Solution Asia Co., Ltd.
Wachirawit Jitsuparat, Sales Supervisor
3) Thai EV
Chatchawan Chuleekeit, Head of Business Development
4) Taisei Corporation
Prang Subpa-asa, Business Development Section Assistant Manager
5) Charoen Pokphand Produce Co., Ltd.
Thanapat Supannasud, Carbon Strategy and Trading
6) Faeger Co. Ltd.
Tajima Daiki, Project Coordinator, Southeast Asia Business
7) Green Carbon Inc.
Harada Ryo, Manager, International Business Department, Credit Business Division
8) Tokyo Gas Co., Ltd.
Koga Takashi, Senior Manager, Decarbonization Advisory Business Sect, Solution Business Dept, Customer & Business Solution Company Solution Co-creation Division
15:00-15:20 Key Takeaways and Session Summary MOEJ and TGO
15:20-15:30 Coffee Break 　
15:30-17:00 Business Matching and Individual Meetings Organized by OECC

■　Overview of Business Pitches of each company

1. Iwatani Corporation (Thailand) Ltd. - Refrigerant Recovery & Reclamation and Biogenic CO2 Projects
Iwatani Corporation is advancing Refrigerant Recovery and Reclamation and Biogenic CO₂ Projects in Thailand. By reclaiming refrigerant gas that had been previously discarded, the company simultaneously reduces both waste and CO₂ emissions. Iwatani Corporation has also established a system to capture and purify CO₂ generated during bioethanol production, supplying it as low-carbon CO₂ for industrial use. This approach stabilizes the supply chain while reducing environmental impact, with plans to export to Japan and other Asian markets.
 
2. Sharp Solar Solutions Asia Co., Ltd. – Solar Power Projects
Sharp has implemented a cumulative total of 16 solar power projects utilizing the JCM worldwide, with a total capacity of 324MW. In its latest project, Sharp implemented a 55MW solar power system combined with a 40MW storage battery system in Thailand. The company continues developing high-efficiency solar cell technology, achieving a conversion efficiency of 33.66%, as reported by the company. Leveraging over a decade of JCM project experience and robust engineering capabilities, Sharp emphasizes its commitment to providing “future-ready solar + storage battery” solutions.
 
3. Thai EV (Duet Coffee Field) - Commercial EV Fleet Ecosystem
Thai EV is advancing the electrification of commercial EV trucks, having already introduced over 1,000 units. The company utilizes IoT and telematics to collect driving data, which is leveraged for MRV and carbon credit calculation. To support the high initial investment required for EV adoption, the company has established a system to return carbon credit revenues to drivers and owners. Furthermore, through collaboration with a European foundation, the company is considering international credit trading and is exploring the future installation of solar power at warehouses and distribution centers.
 
4. Taisei Co., Ltd. - Zero Carbon Buildings
Taisei introduced its initiative to achieve “Zero Carbon Buildings” by using CCN technology to capture carbon from factory exhaust gases and reuse it as concrete materials. Construction using zero-carbon concrete has already commenced in Japan and Thailand, realizing CO₂ reduction throughout the entire building lifecycle. Additionally, the company contributes to solving agricultural waste issues and reducing PM2.5 by utilizing rye husks and biochar. Furthermore, the company supports customers' decarbonization efforts through its Carbon Neutrality Diagnostic Service, proposing a sustainable future for construction.
 
5. Charoen Pokphand Produce Co., Ltd. (CPCRT) - Alternate Wetting and Dry (AWD)
CPCRT is promoting the creation of carbon credits in Thailand's rice sector through AWD (water management) and residue management. CPCRT plans to scale up to over 100,000 hectares by 2026 and is currently establishing farmer support systems and data collection systems. While the company pointed out farmers' limited understanding and the difficulty of changing behaviors as challenges, it intends to proceed with projects compliant with international standards.
 
6. Faegar Co. Ltd. - Alternate Wetting and Dry (AWD) 
Faeger is the largest Agri-based Carbon Credit Developer in Japan and puts farmers at the center of its business model. Faeger advances emission reductions through the introduction of AWD and biochar, prioritizing return of profits to farmers. The company has developed a digital MRV app to enable precise emissions management. Operating in the Philippines, Vietnam, and Uganda, Faeger is also planning to enter Thailand. Leveraging partnerships with public institutions and its selection for JICA Biz, it aims for comprehensive farmer support and international business expansion.
 
7. Green Carbon Inc. - Alternate Wetting and Dry (AWD)
Green Carbon is a company specializing in nature-based solutions such as AWD, biochar, and livestock. The company holds the world's first VERRA registration in AWD projects and is currently implementing a pilot project in Thailand. Using direct measurement for MRV, the company obtains high-precision data and has confirmed an average 5% increase in farmers' yields. The company prioritizes compliance credits for the JCM and Singapore markets, aiming for sustainable business expansion through private sector investment.
 
8. Tokyo Gas Co., Ltd. - Alternate Wetting and Dry (AWD)
Tokyo Gas is developing carbon offset projects utilizing the JCM and offering them to customers. It prioritizes procuring high-quality credits and is strengthening collaboration with developers. It has participated in a rice cultivation AWD project in Thailand and analyzed challenges during the feasibility study phase. To reduce MRV costs, it is researching and developing methane detection technology and is also advancing cooperation with JAXA. The company has stated its policy to actively pursue joint development of new JCM projects going forward.


Forum and Business Matching
　　　　　　　　　　

Reception at the Residence of the Ambassador of Japan to Thailand
　　

Photo provided by the Embassy of Japan in Thailand

Contact

Office for the Joint Crediting Mechanism and International Carbon Market, Global Environment Bureau, Ministry of the Environment, Japan
Direct number
+81-3-5521-8246
E-mail
jcm-contact@env.go.jp