India-Japan Adopt Joint Crediting Mechanism

On 8th June 2026, India and Japan adopted the Rules of Implementation for the Joint Crediting Mechanism (JCM) under Article 6.2 of the Paris Agreement, strengthening bilateral cooperation on climate action, emission reduction, and sustainable development.

About the Joint Crediting Mechanism (JCM)

  • Bilateral carbon market mechanism that supports:
    • Greenhouse gas (GHG) emission reduction and removal projects.
    • Deployment of low-carbon technologies.
    • Sustainable development initiatives.
  • Contributes towards achieving the Nationally Determined Contributions (NDCs) of both countries under the Paris Agreement.

Key Features

  • Establishes a Joint Committee comprising representatives from both governments.
  • Provides for:
    • Transparent project approval procedures.
    • Third-party validation and verification.
    • Sustainable development safeguards.
    • National registries for tracking carbon credits.
  • Enables issuance ....
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