EKI Energy Services Ltd., a global leader in carbon credit development and supply, has welcomed the signing of a Memorandum of Cooperation (MoC) between the Government of India and the Government of Japan under Article 6.2 of the Paris Agreement. The agreement establishes the Joint Crediting Mechanism (JCM), paving the way for enhanced international collaboration on climate action.

The MoC will enable bilateral cooperation to implement advanced low-carbon technologies and facilitate the exchange of carbon credits between the two countries. It aims to support emission reductions, capacity building, and sustainable development, while aligning with India’s long-term goal of achieving net-zero emissions by 2070.

For the global carbon markets, the agreement is expected to bolster bilateral crediting mechanisms, open new opportunities for project developers, and attract investments in clean technologies across sectors such as renewable energy, energy efficiency, forestry, and community-led climate initiatives.

Manish Dabkara, CEO and Managing Director of EKI Energy Services Ltd., described the MoC as a “landmark that symbolises the power of global partnerships in addressing climate change.” He added, “By promoting technology transfer and market-based solutions, the JCM provides a robust platform for accelerating India’s sustainable growth journey. EKI remains committed to supporting the effective implementation of this mechanism to deliver tangible climate benefits.”