India and Japan adopt implementation rules for Joint Crediting Mechanism on June 8

Exam-focused facts from the 18 June 2026 current affairs briefing.

Key facts

India and Japan adopted the Rules of Implementation for the Joint Crediting Mechanism (JCM) on June 8.
The JCM is established under Article 6.2 of the Paris Agreement, which allows countries to cooperate voluntarily via the transfer of internationally recognised carbon credits.
The mechanism is designed to support both nations in achieving their Nationally Determined Contributions (NDCs) under the Paris Agreement.
Governance of the JCM includes the establishment of a Joint Committee comprising representatives from both governments.
The framework provides for project approval procedures, third-party validation and verification systems, sustainable development safeguards, and national registries to track carbon credits.