Memorandum of Cooperation on the Joint Crediting Mechanism
between the Government of Japan and the Government of the Kingdom of Thailand
1. The Government of Japan and the Government of the Kingdom of Thailand (hereinafterreferred to individually as a “government” and collectively as “both governments”), in
pursuit of the objectives of the Paris Agreement including holding the increase in the global
average temperature to well below 2 °C above pre-industrial levels and pursuing efforts
to limit the temperature increase to 1.5 °C above pre-industrial levels as stipulated in
its Article 2, paragraph 1, sub-paragraph (a), and in order to enhance bilateral cooperationin addressing climate change, establish a Joint Crediting Mechanism (hereinafter referred toas “the JCM”).
2. The JCM aims to promote investment and deployment of leading decarbonizing
technologies, products, systems, services and infrastructure as well as implementation ofmitigation actions and innovations, as mutually consented by both governments, thereby
contributing to greenhouse gas emission reductions or removals and sustainable
development in the Kingdom of Thailand, and the achievement of nationally determinedcontributions of Japan and the Kingdom of Thailand.
3. Both governments implement the JCM in accordance with the relevant domestic laws andregulations in force in respective countries.
4. Both governments also implement the JCM in line with Attachments 1 to 3 to thisMemorandum of Cooperation (hereinafter referred to as “this MoC”), and consistent withthe guidance on cooperative approaches, referred to in Article 6, paragraph 2 of the Paris
Agreement (hereinafter referred to as “the guidance”).
5. Both governments establish the Joint Committee consisting of representatives from eachgovernment to implement the JCM. The Joint Committee performs its functions in line with
Attachment 3 of this MoC.
6. Both governments mutually recognize that part of credits issued from emission reductions
and removals achieved by a project in line with Attachments 1 and 2, may be used towards
the achievement of Japan’s nationally determined contribution and the rest of the said
credits may contribute to the achievement of the Thailand’s nationally determinedcontribution, while ensuring that double counting is avoided on the basis of corresponding
adjustments, consistent with the guidance.
7. Each government authorizes the credits issued in the JCM registry of Japan for use towards
the achievement of Japan’s nationally determined contribution as internationallytransferred mitigation outcomes, consistent with the guidance.

18. Each government may authorize part of credits for use for other international mitigation
purposes, as appropriate, consistent with the guidance.
9. Both governments ensure the transparency, including in governance, and environmental
integrity of the JCM and maintain it simple and practical, to promote concrete actions for
global greenhouse gas emission reductions and removals.
10. Both governments work in close cooperation for the implementation of the JCM. The
Government of Japan will facilitate technological and capacity-building support necessary
for the implementation of the JCM.
11. Both governments aim for contributions to assist adaptation efforts of developing countries.
12. This MoC replaces the Bilateral Cooperation on the Joint Crediting Mechanism for theLow Carbon Growth Partnership between Japan and the Kingdom of Thailand, signed
on 19 November 2015.
(i) Attachment 1 of this MoC applies to all projects other than the projects (ii) below.
(ii) Attachment 2 of this MoC applies to the existing projects started and identified by bothgovernments.
13. Either government may terminate this MoC by giving at least six (6) months’ prior written
notice to the other government through diplomatic channel. Such termination will notaffect existing projects or activities under this MoC.
14. Both governments recognize that this MoC is not legally binding and does not create any
legal rights or obligations under international law. Contents of this MoC will not affect anyof rights and obligations of both governments, arising from other applicable internationalagreements.
15. The Attachments 1 to 3 to this MoC form an integral part of this MoC.
16. Any content of this MoC may be modified and supplemented by mutual written consent
between both governments.
17. Any differences in the interpretation, application and implementation of this MoC will beresolved amicably through consultations between both governments.

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Signed in Bangkok on July 8, 2024, in two originals in the English language.

OTAKA Masato
Ambassador Extraordinary and Plenipotentiaryof Japan to the Kingdom of Thailand

Pol. Gen. Phatcharavat Wongsuwan
Deputy Prime Minister andMinister of Natural Resources and Environment
The Kingdom of Thailand

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