Phnom Penh, Cambodia – 21 July 2025 – The Ministry of Environment of the Royal Government of Cambodia (RGC) and the Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea (ROK) today celebrated the authorization of the project titled “ITMO (Internationally Transferred Mitigation Outcomes) Project through Charging Infrastructure for E-mobility Promotion in Cambodia”. This mitigation activity is the first carbon project authorized for potential future issuance of mitigation outcomes that would be traded between Cambodia and Korea under Article 6 of the Paris Agreement. This marks the first major milestone in Cambodia’s efforts to operationalize Article 6 of the Paris Agreement, demonstrating its readiness to engage in international carbon markets, and paving the way for future carbon transactions that accelerate climate action.
The milestone result was witnessed by over 150 participants at the Project Authorization event which was opened by H.E. Dr. Eang Sophalleth, Cambodian Minister of Environment. In his opening remark, H.E. Dr. Eang Sophalleth emphasized the Royal Government of Cambodia’s strong commitment to addressing climate change and promoting sustainable development through international cooperation.
The project developer, VERYWORDS Inc, a Korean e-mobility and carbon neutrality platform company, has committed to donating 8,000 electric scooters, for use by public officials across Cambodia. In addition, the company will install more than 200 charging stations nationwide and provide two years of after-sales service. These contributions are expected to support Cambodia’s clean transport agenda and accelerate its transition toward a greener and low-carbon economy. The project will generate mitigation outcomes based on internationally recognized methodologies, specifically the Clean Development Mechanism (CDM) methodology AMS.III.C. These mitigation outcomes—projected to be approximately 683,000 tCO₂e over 10 years—will see 90% of this total transferred, with corresponding adjustments, to the Republic of Korea under the framework of Article 6 of the Paris Agreement. In addition to its climate benefits, the project is expected to create up to 400 green jobs, contributing to sustainable economic development.
Mr. Peob-min Ryu, Director General of MOTIE, added : “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.”
The Global Green Growth Institute (GGGI), an intergovernmental organization, supported the RGC to align the project with “Operations Manual for the Implementation of Article 6 of the Paris Agreement on Climate Change in Cambodia” and to ensure that the project complies with international standards and best practices. H.E. Sang-Hyup Kim (1), Director General of GGGI said: “This milestone represents a significant advancement in the operationalization of Article 6 in Cambodia. Carbon trading under the Article 6 framework is a catalytic instrument for mobilizing innovative climate investment for our Member States and partner countries. GGGI is pleased to be a partner in the establishment of the first authorized carbon project under Article 6 in Cambodia, paving the way for high-impact and high-integrity carbon transaction between Cambodia and Korea. We are confident that this initiative will unlock many more climate finance opportunities with potential buyer countries.”
Today’s event, celebrating the authorization of the “ITMO Project through Charging Infrastructure for E-mobility Promotion in Cambodia” highlights Cambodia’s leadership in market-based climate solutions and its dedication to fostering public-private partnerships that drive environmental innovation. It also underscores the potential of international collaboration to unlock scalable solutions for climate action across the region.
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1: Former Co-Chairperson of the Republic of Korea Presidential Commission on Carbon Neutrality and Green Growth
Source | GGGI, July 21, 2025
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