The Government of the Republic of India and the Government of Japan formally adopted the 'Rule of Implementation' for the Joint Crediting Mechanism on June 8, 2026, operating under Article 6.2 of the Paris Agreement of the United Nations Framework Convention on Climate Change (UNFCCC). This implementation follows the Memorandum of Cooperation (MoC) signed between the two countries last year, which established the foundational framework for collaboration on mitigation activities that deliver greenhouse gas emission reductions or removals.
The Rule of Implementation defines robust governance arrangements including a Joint Committee with representatives from both governments, transparent project approval procedures, third-party validation and verification requirements, sustainable development safeguards, and national registries to track the issuance and transfer of credits. The mechanism is designed to support sustainable development outcomes in India while contributing to the achievement of the Nationally Determined Contributions (NDCs) of both countries.
The Joint Crediting Mechanism demonstrates India's commitment to climate action and is expected to catalyze investment, technology transfer, and capacity-building for projects involving low-carbon technologies in India to support climate change mitigation and sustainable development objectives.