India and Japan sign Memorandum of Cooperation on Joint Crediting Mechanism (JCM) under Article 6.2 of the Paris Agreement on Climate Change

Tokyo:29/8/25:The Ministry of Environment, Forest and Climate Change (MoEFCC), Government of India, has signed a Memorandum of Cooperation (MoC) with Government of Japan on Joint Crediting Mechanism (JCM) under Article 6.2 of the Paris Agreement of the United Nations Framework Convention on Climate Change (UNFCCC). The development demonstrates India’s firm commitment to Climate Action and marks yet another milestone in the implementation of the Paris Agreement.

The MoC, signed earlier this month, is part of an important area of Indo-Japan Cooperation – ‘Green Energy Focus for a Better Future’ – that was highlighted today by Prime Minister Shri Narendra Modi during his ongoing visit to Japan.

India and Japan share a strong history of economic, commercial and cultural cooperation. The current MoC aims to bolster the partnership between India and Japan on Climate Change Mitigation. The low-carbon technologies approved by the National Designated Agency for Implementation of Article 6 of Paris Agreement (NDAIAPA), under Article 6.2, form an important component of India’s long-term low-carbon development strategy to achieve Net Zero by 2070.

Presently, this strategy is cost intensive and requires viability gap funding. The JCM will encourage the flow of investment, technology assistance, including technology transfer and capacity building support for the implementation of projects involving these low-carbon technologies. It will also develop domestic ecosystem and partnerships to localise low carbon technologies and associated high technology interventions related to equipment, machinery, products, systems, and infrastructure, paving the way for their large-scale deployment.

The Memorandum of Cooperation would further facilitate the implementation of projects contributing to greenhouse gas (GHG) reduction or removal and sustainable development in India. 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 commitments.

The MoEFCC has also received authorisation from the Union Cabinet to finalize the Rules of Implementation (RoI) and for signing agreements with other countries on similar lines under Article 6.2 of the Paris Agreement, in consultation with the concerned Ministries of Government of India and Ministry of External Affairs (MEA).