The Joint Crediting Mechanism (JCM)
International Relations · Wednesday, 17 June 2026
India and Japan adopt rules for a bilateral carbon market.
Quick highlights
- JCM aims to reduce GHG emissions.
- Investment in emission-reduction projects.
- Governed by Article 6.2 of the Paris Agreement.
Context
India and Japan's cooperation on carbon markets.
Key Facts
JCM encourages technology transfer.
Significance
Supports both nations' climate targets.
Challenges / Way Forward
Ensuring effective implementation of projects.
Exam Angle
Relevant for GS Paper III on climate change.
Remember this
- JCM established under the Paris Agreement.
- Focus on GHG emission reduction.
- Investment from Japan in Indian projects.
- Joint Committee oversees implementation.