India Signs Joint Crediting Mechanism to Operationalize Article 6 of Paris Agreement
At COP29, India signed the Joint Crediting Mechanism to operationalize Article 6 of the Paris Agreement, establishing cooperation arrangements aimed at generating climate finance and promoting low-carbon industrial transformation. The initiative identifies 13 eligible activities, including renewable energy and energy efficiency technologies, while emphasizing the need for a stronger regulatory framework and enhanced international collaboration. India's engagement under Article 6 positions it for advanced technology access and climate finance opportunities.
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At COP29, Article 6 of the Paris Agreement became operational, establishing 89 cooperation arrangements among 58 Parties. India signed the Joint Crediting Mechanism (JCM) in August 2025, operationalizing Article 6.2.
This engagement facilitates technology transfer, research support, and climate finance. The A6 mechanisms aim to generate climate finance and accelerate low-carbon industrial transformation. India has identified 13 eligible activities for credit generation, including renewable energy, green hydrogen, and energy efficiency technologies, aligning with its sustainable development goals.
To capitalize on these opportunities, India needs to strengthen its regulatory framework, streamline project approvals, build a removals market, and enhance South-South collaboration. India's participation under A6 represents a path to advanced technology access, climate finance, and international partnerships.
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