The Joint Crediting Mechanism (JCM) at a glance

Discussion Paper

The Article 6 of the Paris Agreement lays the groundwork for the operation of carbon market after 2020 by providing room for top-down and bottom-up approaches. Linkages between these mechanisms should be promoted to fully enable the potential of market mechanism to contribute to climate mitigation. Although the accounting method toward Nationally Determined Contributions (NDCs) remains to be established, the Joint Crediting Mechanism (JCM) partner countries have recognised that JCM credits can be used as part of their own NDC’s pledge for mitigation efforts, while avoiding double counting, ensuring transparency and environmental integrity. This discussion paper summarizes the current status of the JCM for further understanding on its implementation.