India & Japan Adopt Rules for Joint Crediting Mechanism (JCM) under Paris Agreement

India & Japan Adopt Rules for Joint Crediting Mechanism (JCM) under Paris Agreement

India and Japan adopted the Rules of Implementation for the JCM under Article 6.2 of the Paris Agreement.
Strengthens bilateral cooperation on climate action, GHG emission reduction, carbon markets, and sustainable development.
JCM is a bilateral carbon market mechanism supporting emission reduction projects, low-carbon tech, and carbon credit generation.
Background: Under the Paris Agreement (2015), countries submit NDCs; Article 6.2 allows international cooperation via carbon credit transfers.
Framework: Adopted on 8 June 2026, following a Memorandum of Cooperation signed in 2025.
Significance: Facilitates bilateral emission-reduction projects contributing to India and Japan’s climate goals.