 "Carbon emissions, Japan, trade, Joint Crediting Mechanism,")
India and Japan are finalising the Joint Crediting Mechanism (JCM) to share emission reduction credits, with a memorandum of cooperation expected within two months, according to two government officials.
The JCM will facilitate the deployment of decarbonising technologies through Japanese investments, contributing to greenhouse gas (GHG) reductions and sustainable development under Article 6.2 of the Paris Agreement.
Once finalised, carbon credits will be tracked through a registry, with joint committees managing projects and certifying credits issued based on reports. These credits will help both countries meet their Nationally Determined Contributions (NDCs) — a climate action plan aimed at reducing emissions
