India and Japan have adopted the Rules of Implementation for the Joint Crediting Mechanism (JCM) under Article 6.2 of the Paris Agreement, marking a significant step in bilateral climate cooperation. The framework will facilitate the implementation of projects aimed at reducing greenhouse gas emissions through technology transfer, investments, and capacity building.
The JCM enables both countries to share carbon credits generated from verified emission-reduction projects while supporting sustainable development goals. India and Japan had signed a Memorandum of Cooperation on the mechanism in 2025, laying the foundation for carbon market collaboration.
The newly adopted rules establish procedures for project approval, monitoring, validation, verification, and carbon credit issuance. They also provide for a Joint Committee, independent third-party verification, sustainable development safeguards, and transparent tracking of emission reductions.
Aligned with Article 6.2 of the Paris Agreement, the mechanism promotes international cooperation through the transfer of verified mitigation outcomes while ensuring transparency and preventing double counting. The initiative is expected to strengthen climate action, accelerate low-carbon development, and support both nations in achieving their Nationally Determined Contributions (NDCs).
