Belem [Brazil], November 20 (ANI): Union Minister for Environment, Forest and Climate Change, Bhupender Yadav, participated within the eleventh Joint Crediting Mechanism (JCM) Partner Countries’ Meeting, organised by the Ministry of the Environment, Japan, on Wednesday (native time), based on the Ministry of Environment, Forest and Climate Change.
The assembly was held on the sidelines of UNFCCC CoP30 in Belem, Brazil.
The session was chaired by Hirotaka Ishihara, Minister of the Environment, Japan, and introduced collectively Ministers and representatives from JCM accomplice international locations to evaluation progress and reaffirm dedication to strengthening bilateral local weather cooperation, the Ministry of Environment, Forest and Climate Change said.
In his opening handle, Ishihara introduced that the JCM has expanded its record of companions to 31 and that over 280 tasks are being carried out in accordance with Article 6 of the Paris Agreement.
He envisaged the collaboration to broaden globally, by facilitating frameworks for long-term investments, guaranteeing alternatives for participation for accomplice nations in local weather resilience tasks, and by supporting capacity-building programmes.
Addressing the gathering, Yadav highlighted the significance of cooperative mechanisms at a time when the world seeks scalable, equitable and technology-driven local weather options.
He emphasised that mechanisms such because the JCM symbolize ‘a major method in strengthening efforts for local weather motion whereas supporting nationwide priorities, significantly for creating international locations.’
He famous that India and Japan share a ‘long-standing partnership rooted in belief, know-how cooperation, and shared dedication to sustainable growth.’
Referring to the signing of the India-Japan Memorandum of Cooperation on 07.08.2025, Yadav harassed that the JCM aligns with Article 6 of the Paris Agreement and ‘supplies a transparent framework for each governments and the personal sector to collectively develop mitigation tasks, mobilise finance, deploy superior applied sciences, and transparently allocate the ensuing emission reductions’. It is an instance of how bilateral cooperation can reinforce multilateral goals in a sensible and mutually helpful method, he added.
The Minister underscored that the JCM would contribute on to India’s Nationally Determined Contributions and Long-Term Low Emission Development Strategy.
He said that ‘low-carbon applied sciences authorised by the National Designated Agency for Implementation of Article 6 will play an essential function in catalysing our long-term objectives’.
Yadav highlighted that the mechanism is anticipated to facilitate funding, know-how deployment and capability constructing help for the implementation of superior low-carbon applied sciences.
He mentioned that it might assist develop a home ecosystem and localise high-technology interventions, whereas contributing to India’s sustainable growth objectives.
Yadav knowledgeable companions that work on implementation frameworks is advancing properly. The Rules of Implementation and key activity-cycle paperwork are in superior levels of finalisation. The Bureau of Energy Efficiency in India can be creating the Indian Carbon Market portal.
The portal will embrace a devoted module for the Joint Crediting Mechanism and different cooperative approaches beneath Article 6, guaranteeing transparency, effectivity, and ease of venture facilitation, he knowledgeable.
Highlighting future pathways, the Minister mentioned JCM actions are anticipated to span precedence sectors, together with renewable vitality with storage, sustainable aviation gas, compressed biogas, inexperienced hydrogen and inexperienced ammonia, and greatest out there applied sciences in hard-to-abate sectors akin to metal, cement and chemical compounds. These areas, he mentioned, ‘align with India’s growth priorities and provide important alternatives for collaboration.’
Yadav reaffirmed India’s dedication to work carefully with Japan and all JCM accomplice international locations, stating,
‘Our cooperation with Japan demonstrates how high-integrity, cooperative mechanisms can help funding in applicable know-how deployment whereas strengthening the implementation of the Paris Agreement’. Concluding his handle, he referred to as for collective motion to make sure the JCM turns into ‘a mannequin for clear, impactful, and equitable local weather partnerships.’ (ANI)