Article

India and Japan recently signed a memorandum of cooperation under Article 6.2 of the Paris Agreement, marking India's entry into international carbon credit trading. This partnership enables the generation and trading of emission reduction credits, supported by Japanese technology and financial resources.

While the agreement promises significant benefits for both nations, including aligning with climate goals and enhancing green technology deployment in India, it also presents challenges such as credit allocation and regulatory complexities. Successful implementation could position India as a leader in global carbon markets.