The Joint Crediting Mechanism (JCM) is a bilateral climate framework between India and Japan under Article 6.2 of the Paris Agreement. It facilitates low-carbon technology transfer and climate finance, generating shared carbon credits (ITMOs) to help both nations achieve their Nationally Determined Contributions (NDCs) while preventing double counting.
Click to View MoreCarbon markets under Paris Agreement Article 6 allow nations to trade emission reductions globally. While they drive green investments and tech transfer, severe concerns like greenwashing, human rights violations, and over-crediting demand strict UN safeguards and transparent domestic policies like India's CCTS.
Click to View More
© 2026 iasgyan. All right reserved
