Joint Crediting Mechanism (JCM)

Recently, the Union Minister for Environment, Forest and Climate Change joined the 11th Joint Crediting Mechanism (JCM) Partner Countries’ Meeting. The JCM was first proposed by the Government of Japan and officially launched in 2013. It aims to spread advanced decarbonizing technologies and infrastructure through investment by Japanese entities to support sustainable development in partner countries. It is a bilateral mechanism implemented under Article 6 of the Paris Agreement. It functions under the United Nations Framework Convention on Climate Change (UNFCCC) and complements the Clean Development Mechanism (CDM) and Joint Implementation (JI). India is one of the 31 partner countries of the JCM.