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India signs pact with Japan for low carbon technologies | Current Affairs | Vision IAS

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India signs pact with Japan for low carbon technologies

2 min read

India-Japan Memorandum of Cooperation on Joint Crediting Mechanism (JCM)

Prime Minister of India, during the 15th India-Japan Annual Summit in Tokyo, announced a significant agreement between India and Japan. The countries signed a Memorandum of Cooperation earlier in August 2025, focusing on the Joint Crediting Mechanism (JCM).

Overview of JCM

  • Japanese Initiative: JCM is a scheme where Japan invests in low-carbon technologies in developing countries, gaining carbon credits for emission reductions.
  • Global Reach: Japan has JCM agreements with 30 other countries.

Benefits for India

  • Investment and Technology Flow: Encourages investment and technology transfer, including capacity building for low-carbon projects.
  • Domestic Ecosystem Development: Aims to localize technology and deploy high-tech interventions in equipment, systems, and infrastructure.

Alignment with India's Commitments

  • Greenhouse Gas Reduction: Facilitates GHG reduction projects contributing to sustainable development.
  • International Trading: Allows trading of carbon credits under Article 6.2 of the Paris Agreement, aligning with India's NDCs.

India's Nationally Determined Contributions (NDCs)

  • Reduce GDP's emission intensity by 45% by 2030 (from 2005 levels).
  • Achieve 50% electric power capacity from non-fossil sources by 2030.
  • Create an additional carbon sink of 2.5-3 billion tonnes CO2 equivalent by 2030 through afforestation.

National Designated Authority (NDA)

  • Role: Serves as the nodal agency to approve projects, evaluate emission reductions, and oversee the Indian carbon market.

Future Actions

  • Rules of Implementation: Union Cabinet authorized to finalize rules and agreements with other countries under Article 6.2.
  • Consultation Process: Involves concerned Indian Ministries and the Ministry of External Affairs.
  • Tags :
  • Nationally Determined Contributions
  • Joint Crediting Mechanism
  • National Designated Authority
  • Memorandum of Cooperation
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