India calls Joint Crediting Mechanism key toolfor equitable, scalable climate action at COP30

 

 

 

INDI Ahas said the Joint Crediting Mechanism has emerged as an important instrument for driving equitable and scalable global climate action; has the potential to accelerate advanced lowcarbon technologies, and can support New Delhi’s emission targets. Environment Minister Bhupender Yadavon Wednesday said cooperative frameworks such as the Joint Crediting Mechanism (JCM) strengthen global mitigation efforts while also aligning with the development priorities of nations like India.

 

“Mechanisms such as theJCM representasignificantapproach in strengthening efforts for climate action while supporting national priorities, particularly for developingcountries,”Yadav said while speaking at the 11th JCM Partner Countries’ Meeting on the sidelines of COP30 here. Japan’sEnvironment Minister Hirotaka Ishihara, who chaired the session, said the JCM has now expanded to 31 partner countries with more than 280 projects being implemented under Article 6 of the Paris Agreement.

 

Japan aims to scale this collaboration (JCM) globally by enablinglong-terminvestments, boosting participation of partner nations in resilience projects, and supporting capacitybuilding, Ishihara said at the meet organised by his ministry. India and Japan signed a Memorandum of Cooperation (MoC) in August this year on Joint Crediting Mechanism (JCM) under Article 6.2 of the Paris Agreement on Climate Change.

 

Reaffirming the India–Japan climate partnership, Yadav said the JCM aligns with the Article 6 cooperative framework and offersbothgovernmentsandprivate entities a clear pathway to jointly develop mitigation projects, mobilise finance, deploy advanced technologies and transparently allocate emission reductions.