Right now it is impossible to connect the new MacBook 12" to the ThunderBolt Display. It is not a physical matter (the connector is physically the same as a MiniDisplay Port connector) but a functionality matter. ThunderBolt can carry several different types of signals (PCIe, USB1,2.3, MiniDisplay Port, Ethernet, FireWire) but the host (in this case the MacBook 12") is the one that needs to carry all those signals in the first place so it can support the display, and it is not the case at this time. Over simplifying things a lot, we could say that Display Port is a dumb type of unidirectional signal (from the Mac to the monitor) and ThunderBolt is a bi-directional signal with intelligence built-in. You can connect a dumb peripheral to an intelligent host, but not the opposite, because the host is the one that drives the peripheral.
It did happen the same when ThunderBolt 1 appeared. The latest Macs that had MiniDisplay Port ports, but not ThunderBolt, could not drive the new ThunderBolt Display and they had to use the prior MiniDisplay Port Cinema Display. The connector was physically the same, but not the functionality. The new Macs at the time, with ThunderBolt built in, could drive both types of monitors, the old MiniDisplay Port Cinema Display and the then new ThunderBolt Display.
In the near future ThunderBolt 3 will arrive and it is already announced that it will adopt the same physical connector as USB 3 Type C (the one included in the MacBook 12"). It is fairly plausible that ThunderBolt 3 will be backwards compatible with ThunderBolt 1 and 2, so all type of signals will be supported through it, including USB 3.1 Type C. As both ThunderBolt and USB 3.1 Type C (for short of USB-C) do support Display Port signals, there is hope in the near future to see an adapter that could connect the new MacBook 12" to the ThunderBolt Display, but I would not hold my breath, because all new machines coming out will have ThunderBolt 3 built in, and thus USB-C included in the pack. So, the company that may think about creating such a converter would have a reduced market of MacBook 12" users. A different thing would be a dock with all type of ports that offers the additional functionality for those same owners, but that appeals to all other users of ThunderBolt machines. All this third paragraph is just speculation, so we will have to wait an see.
You can check additional information about ThunderBolt 3 at:
https://thunderbolttechnology.net/blog/thunderbolt-3-usb-c-does-it-all
http://www.cnet.com/news/thunderbolt-3-and-usb-type-c-join-forces-for-one-port-t o-rule-them-all/
http://www.anandtech.com/show/9331/intel-announces-thunderbolt-3
http://9to5mac.com/2015/06/02/usb-c-thunderbolt-3/
Cheers,
Victor Bottacco