Cambodia and South Korea marked a historic milestone with the launch of the “ITMO (Internationally Transferred Mitigation Outcomes) Project through Charging Infrastructure for E-mobility Promotion in Cambodia”, the Kingdom’s first carbon project under Article 6 of the Paris Agreement.
The project will see 8,000 e-scooters provided to the Cambodian government for use by officials, making a major contribution to the Kingdom’s zero-carbon goals.
The initiative was celebrated on July 21 by the Ministry of Environment and South Korea’s Ministry of Trade, Industry and Energy, paving the way for future carbon transactions to accelerate climate action through international cooperation.
The project, authorised for potential issuance of mitigation outcomes to be traded between Cambodia and South Korea, was launched in the presence of over 150 participants, according to a joint press release.
Environment minister Eang Sophalleth opened the event. He underscored Cambodia’s commitment to climate action, emphasising the Kingdom’s strong commitment to addressing climate change and promoting sustainable development through international cooperation.
Led by Korean e-mobility and carbon neutrality platform company Verywords Inc., the project will see 8,000 electric scooters donated for use by Cambodian public officials, the installation of more than 200 charging stations nationwide and the provision of two years of after-sales service.These efforts aim to bolster Cambodia’s clean transport agenda and support its transition to a low-carbon economy.
The project is expected to generate approximately 683,000 tCO₂e in mitigation outcomes over 10 years, with 90% transferred to South Korea under the Paris Agreement’s Article 6 framework. Additionally, it is projected to create up to 400 green jobs, contributing to sustainable economic growth.Peob-min Ryu, director-general of South Korea’s energy ministry, hailed the project as a stepping stone for broader collaboration.
“I congratulate Verywords and all the partners involved for your dedication and persistence in making this project a reality. Today’s ceremony is not an end, but a beginning. It paves the way for broader cooperation in public transportation, electric mobility and sustainable infrastructure development,” he said.
The Global Green Growth Institute (GGGI) played a key role in aligning the project with Cambodia’s “Operations Manual for the Implementation of Article 6 of the Paris Agreement on Climate Change” and ensuring compliance with international standards.
Sang-Hyup Kim, GGGI director-general, highlighted the project’s significance.
“This milestone represents a significant advancement in the operationalisation of Article 6 in Cambodia. Carbon trading under the Article 6 framework is a catalytic instrument for mobilising innovative climate investment for our member states and partner countries,” he said.
He added that GGGI is pleased to be a partner in the establishment of the first authorised carbon project under Article 6 in Cambodia, paving the way for high-impact and high-integrity carbon transaction between Cambodia and South Korea.
“We are confident that this initiative will unlock many more climate finance opportunities with potential buyer countries,” he said.
According to the South Korean company, the project utilises the Clean Development Mechanism (CDM) methodology AMS.III.C to ensure credible mitigation outcomes. The authorisation underscores Cambodia’s leadership in market-based climate solutions and the power of public-private partnerships to drive environmental innovation. It also highlights the potential of international collaboration to deliver scalable climate solutions across the region.
