Completion of the first international transfer of mitigation outcomes for JCM credits

The Joint Crediting Mechanism (JCM) between Thailand and Japan completed its first international transfer of mitigation outcomes at the Seventh Meeting of the Joint Committee on October 30, 2025. The project involved the introduction of a 5MW floating solar power system on an industrial water reservoir in Thailand (Project TH014). The transfer authorized 1,009 tCO2eq of Internationally Transferred Mitigation Outcomes (ITMOs) from the 2021 vintage. The Ministry of the Environment, Japan, is the acquiring entity, and the credits are fully authorized by Thailand.
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