Q. Consider the following statements regarding the Joint Crediting Mechanism (JCM):
1.The JCM was launched by Japan to promote low-carbon technologies through bilateral crediting partnerships.
2.It operates under Article 6 of the Paris Agreement to enable transparent carbon credit sharing between partner countries.
Which of the statements given above is/are correct?
Answer: C
Notes:
Explanation-The Joint Crediting Mechanism (JCM) was initiated by Japan in 2013 to promote low-carbon technologies through bilateral crediting partnerships, and it functions under Article 6 of the Paris Agreement to facilitate transparent sharing of carbon credits between participating countries.
Source- ET
