New Delhi, November 20: India has described the Joint Crediting Mechanism (JCM) as an important tool for just and scalable climate solutions at the global level. Union Minister for Environment, Forest and Climate Change Bhupendra Yadav made this statement at the 11th JCM Partner Countries Meeting organized by Japan’s Ministry of Environment during the United Nations Climate Change Conference (COP-30) held here. The meeting was chaired by Japan’s Environment Minister Hirotaka Ishihara.
Ishihara stated that the number of JCM partner countries has increased to 31, and more than 280 projects are underway under Article 6 of the Paris Agreement. This cooperation will ensure countries’ participation in long-term investment, capacity building, and climate resilience projects.
Yadav said that when the world is looking for scalable, equitable, and technology-based climate solutions, cooperative mechanisms like JCM are extremely important. He described it as a symbol of the strong partnership between India and Japan based on trust, technical cooperation, and shared commitment to sustainable development. Referring to the Memorandum of Understanding signed between India and Japan on August 7 this year, he said that JCM works in accordance with Article 6 and provides a framework for governments and the private sector to jointly develop emission reduction projects, mobilize finance, deploy advanced technology, and transparently share emission reductions achieved.
Yadav said that JCM will directly benefit India’s Nationally Determined Contributions and Long-term Low Emission Development Strategy. Approved low-carbon technologies will encourage India’s long-term goals and help in localizing advanced technologies. He said that the implementation framework of JCM in India is progressing rapidly. The rules and activity cycle documents by the National Designated Agency for Article 6 are in the final stage. The Bureau of Energy Efficiency is developing an Indian Carbon Market Portal, which will have a separate section for JCM and other cooperative mechanisms, ensuring transparency and project facilitation.
He said that JCM activities will focus on best technologies in renewable energy and storage, sustainable aviation fuel, biogas, green hydrogen, green ammonia, and hard-to-abate sectors like steel, cement, and chemicals. All of these align with India’s development priorities and provide new opportunities for cooperation.
Source Hindustan Samachar
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