Article 6 of Paris Agreement: India’s Carbon Market Opening
Why in the news
An opinion piece says Article 6, fully operational since COP29, helps India grow with low carbon, attract climate finance and build partnerships.
Key facts
- Rules ensure sound accounting and no double counting of emission cuts.
- Article 6.2: cooperation between countries, trading ITMOs.
- Article 6.4: Paris Agreement Crediting Mechanism, replacing the CDM.
- August 2025: India-Japan JCM began Article 6.2 participation.
Significance
- Technology transfer, R&D support, finance inflows, closer ties and low-carbon industry.
Exam angle
- ITMO = Internationally Transferred Mitigation Outcomes.