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Joint Crediting Mechanism (JCM)
September 3 , 2025
16 hrs 0 min
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- India signs pact with Japan for low carbon technologies.
- It will facilitate implementation of projects contributing to greenhouse gas reduction or removal and sustainable development in India.
- It is a first of its kind Joint Crediting Mechanism (JCM).
- JCM is a Japanese initiative.
- Japan implements and invests in low-carbon technologies in developing countries.
- This will be resulting savings in emissions are credited to Japan’s account as carbon credits.
- It can use to meet its national emissions-reduction targets, not counting India.
- Japan has signed JCM agreements with 30 other countries which are in various stages of implementation.
- It will also enable the international trading of carbon credits generated from such projects under Article 6.2 of the Paris Agreement with Japan and other countries on similar lines, “without adversely impacting” India’s NDC (Nationally Determined Contribution) commitments.
- India’s NDC commits to
- Reducing its GDP’s emission intensity by 45% by 2030 from 2005 levels,
- Achieving 50% cumulative electric power capacity from non-fossil fuel sources by 2030, and
- Creating an additional carbon sink of 2.5-3 billion tonnes of CO2 equivalent by 2030 through afforestation.
- Earlier this week, the Environment Ministry constituted the ‘National Designated Authority (NDA).
- NDA is the nodal agency to approve such projects, evaluate emission reductions and oversee the functioning of the Indian carbon market.
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