Why it is in the news
On 30 September 2026, Japan’s Ambassador to India Keiichi Ono and the then Secretary of the Ministry of Environment, Forest and Climate Change (MoEFCC), Tanmay Kumar, jointly launched the Operational Manual for the India–Japan Joint Crediting Mechanism (JCM) in New Delhi, the Ministry announced on 5 October 2026. The manual sets out procedures for the entire project cycle — from submission of a Project Idea Note to the issuance and authorisation of JCM credits — and marks the shift of India’s first bilateral carbon-market arrangement under Article 6.2 of the Paris Agreement from institutional preparation to implementation.
The exam angle
Thesis: The India–Japan JCM shows how Article 6.2 can channel technology and finance into a developing economy — provided the host country carefully protects its own NDC and insists on high-integrity credits.