India on Wednesday described the Joint Crediting Mechanism (JCM) as a key instrument for expanding equitable and technology-driven climate action, as Environment Minister Bhupender Yadav joined the 11th JCM Partner Countries’ Meeting on the sidelines of the UN climate summit in Belem, Brazil.

The JCM is a bilateral initiative that allows a partner country, such as India, to cooperate with Japan to implement low-carbon projects and receive carbon credits. These credits, generated from projects that reduce greenhouse gas emissions, can be used by both countries to help meet their national climate targets. The JCM facilitates technology transfer, mobilizes investment in green technologies, and promotes sustainable development in the partner country

The meeting, organised by Japan’s Ministry

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