On 08 June 2026, the Government of the Republic of India and the Government of Japan adopted the ‘Rule of Implementation’ for the Joint Crediting Mechanism, pursuant to Article 6.2 of the Paris Agreement under the United Nations Framework Convention on Climate Change (UNFCCC).
The Rule of Implementation defines strong governance structures, including a Joint Committee composed of representatives from both Governments.
A clear and transparent procedures for project approval, independent third-party validation and verification, safeguards to ensure sustainable development, and national registries to monitor the issuance and transfer of credits.
Last year, India and Japan concluded a Memorandum of Cooperation (MoC) on the Joint Crediting Mechanism (JCM).
This MoC created a framework for joint mitigation efforts that achieve reductions or removals of greenhouse gas emissions, while advancing sustainable development in India and helping both nations meet their respective Nationally Determined Contributions (NDCs).
The Joint Crediting Mechanism reflects India’s strong dedication to addressing climate change.
It will stimulate investment, promote technology transfer, and enhance capacity-building for projects using low-carbon technologies in India, thereby advancing climate change mitigation and sustainable development.