Maldives

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

Dec 17, 2025

Following the decision on issuance of credits made at the Fifth Meeting of the Joint Committee of the Joint Crediting Mechanism (JCM) between Maldives and Japan held on December 16, 2025, both governments completed the first international transfer of mitigation outcomes for JCM credits.

Partner Country: Maldives
Project title: Introduction of Smart Mini Grid System at Addu City (MV002)
The quantity of ITMOs authorized: 433 tCO2eq
Vintage: 2021-2022
Entity acquiring JCM credits: Ministry of the Environment, Government of Japan
Credit Authentication Number: JCM-MV-JP-209-224-00201, JCM-MV-JP-225-641-00201
Status of Authorization by Partner Country: Authorized

Maldives JC5 held

Dec 16, 2025

The 5th Joint Committee of the Joint Crediting Mechanism between Maldives and Japan was held in Male and online. Outcomes of the JC include adoption of revised JCM Rules and Guidelines and designation third party entities. JC also decided to notify both governments of issuance of JCM credits.