Japan’s government has issued 86,564 tCO2eq of Joint Crediting Mechanism (JCM) credits to its own holding account in the national JCM registry as internationally transferred mitigation outcomes (ITMOs) under Article 6 of the Paris Agreement, according to the Ministry of the Environment. The issuance followed a June 30, 2026 decision by the 8th Japan-Mongolia JCM Joint Committee on credit volumes from four solar projects, and required Mongolia’s government to approve the international transfer of credits recorded in the registry.
The underlying projects — a combined 12.7MW solar plant supplying farms near Ulaanbaatar, a 10MW solar project in Darkhan City, a 15MW solar system near Mongolia’s new airport, and a 5MW solar-plus-3.6MWh-battery project in Zavkhan Province — generated a combined 213,tCO2eqof JCM credits over crediting periods running mostly from January 2021 to December 2024 (the battery project ran November 2022–July 2025), with Japan’s government share amounting to the 86,564 tCO2eq now issued as ITMOs.
Mongolia becomes the fourth JCM partner country to see ITMOs issued under this Paris-compliant process, following Thailand (November 2025), the Maldives (December 2025) and Palau (June 2026). The ministry noted Mongolia was Japan’s first JCM partner, signing the original bilateral document in 2013; the programme now spans 32 partner countries with more than 300 registered projects globally. Japan said the credits will be counted toward its NDC target for fiscal 2030, applying corresponding-adjustment procedures set out in the JCM promotion council’s rules (revised March 2025) to avoid double counting.
Carbon Market Context
- This issuance extends a fast-moving run of JCM Article 6 ITMO transfers in 2025–2026 (Thailand, Maldives, Palau, now Mongolia), underscoring Japan’s push to convert its bilateral crediting pipeline into Paris-compliant, NDC-eligible units ahead of its 2030 target year.
- Broader Asian carbon markets continue to see parallel activity in domestic emissions-trading and corporate carbon frameworks, alongside bilateral mechanisms like the JCM, as governments and companies build out infrastructure for both compliance and voluntary use of mitigation outcomes.
Source
- 二国間クレジット制度（JCM）における４か国目のパリ協定に沿ったクレジット（ITMOs）の発行について（モンゴル国）環境省 — 報道発表, published 2026-07-02