India and Japan adopted the Rules of Implementation for the Joint Crediting Mechanism on 8 June 2026, establishing a bilateral framework under Article 6.2 of the Paris Agreement.
Key features
- Date and legal basis: Adopted 8 June 2026; implements Article 6.2 cooperative approaches of the Paris Agreement.
- Objective: Enable projects in India that reduce or remove greenhouse gases and generate internationally transferred mitigation outcomes (ITMOs).
- Contribution to NDCs: ITMOs can be used by either Party towards their NDCs subject to accounting and corresponding adjustments.
- MoC linkage: Rules follow the Memorandum of Cooperation (MoC) signed in 2025 to operationalise bilateral mitigation activities.
Governance and operations
- Joint Committee: Binational body for oversight, project approval and rule interpretation.
- Project cycle: Registration, third‑party validation, verification, issuance, and transfer via national registries.
- MRV and registries: National registries track ITMOs with unique serialisation to prevent double counting.
- Safeguards: Sustainable development criteria and third‑party review required for eligibility.
- Technology and finance: Framework facilitates investment, technology transfer and capacity building for low‑carbon deployment.
IASPOINT Booster Facts
- Article 6.2 detail: Permits bilateral transfer of ITMOs; robust accounting and corresponding adjustments are core to avoid double counting.
- First live framework: This is India’s first operational Article 6.2 mechanism for carbon trading.
- Sectoral emphasis: Focus on emission‑intensive sectors through project‑based mitigation and removals in India.