India Endorses Joint Crediting Mechanism with Japan for Equitable Global Climate Action at CoP30
SDG 13: Climate Action | SDG 17: Partnerships for the Goals
Institutions: Ministry of Environment, Forest and Climate Change | Bureau of Energy Efficiency
India, represented by the Union Minister for Environment, Forest and Climate Change, Shri Bhupender Yadav, participated in the 11th Joint Crediting Mechanism (JCM) Partner Countries’ Meeting at UNFCCC CoP30 in Belém, Brazil. The Minister highlighted the JCM, a bilateral cooperation framework with Japan, as a key tool for equitable, scalable, and technology-driven global climate action. The mechanism is seen as vital for accelerating low-carbon technology deployment, mobilizing finance, and providing capacity building support, particularly for developing countries like India.
The Joint Crediting Mechanism (JCM) is a bilateral cooperative approach under Article 6 of the Paris Agreement, designed to facilitate technology transfer and project development between two countries—in this case, India and Japan. It allows the resulting greenhouse gas (GHG) emission reductions from mitigation projects to be shared and counted towards both nations’ climate targets, providing a transparent framework for joint public and private sector climate action.
The JCM is expected to contribute directly to India’s Nationally Determined Contributions (NDCs) and its Long-Term Low Emission Development Strategy. India is rapidly advancing its implementation frameworks, with the Bureau of Energy Efficiency developing the Indian Carbon Market portal which will include a dedicated module for the JCM. Future JCM activities are set to target priority sectors such as renewable energy with storage, green hydrogen/ammonia, sustainable aviation fuel, and hard-to-abate sectors like steel and cement.
India’s active endorsement and accelerated implementation of the JCM underscore a strategic shift towards leveraging high-integrity international carbon markets (Article 6) to meet national climate goals. This move ensures the deployment of cutting-edge, low-carbon technologies across critical sectors, driving domestic industrial de-carbonisation while fulfilling international commitments under the Paris Agreement.
Relevant Question for Policy Stakeholders: How can India and Japan ensure that the JCM’s focus on advanced low-carbon technologies translates effectively into tangible, scaled-up projects that meet India’s vast energy and industrial sector decarbonisation needs?
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