The real reason Trump is hating India: climate exclusive (2)

Japan and India are winning on climate and Donald Trump is losing (–why he secretly doesn’t like it) …adds IETA comments, webinar, below; rising CORSIA carbon

Opinion, reporting by Mathew Carr

Sept. 9-16, 2025 — The “deal” struck last month by Japan and India to cooperate on climate action will probably turn into the biggest ever carbon trade in world history.

Under the agreement, more precisely a “memorandum of cooperation,” Japan will invest heavily to help the world’s most populous nation transition to a cleaner economy over the next 25 years or so.

In return, Japan will be able to use carbon credits from India to meet its climate pledges, or perhaps trade them with countries that need them, even more than Japan does.

If Japan can’t meet its emissions limit in 2030, by cutting its greenhouse gas at home, it can tap its supply of India credits to make up the difference.

This, is cool flexibility.

The pledges are called “nationally determined” contributions to climate action to cut emissions, or NDCs, because they are not contractual obligations, at least not yet.

Because the much-heralded Paris climate deal struck in 2015 was voluntary and a bit weak, this memo between India and Japan is, perhaps, the world’s first major success after a decade of trying to give Paris some teeth.

The deal is only partly done, because India has something that many countries want, especially Make-America-Great-Again Donald Trump’s administration: an ability to emit more greenhouse gas over the next few decades.

Without space to continue clogging the global atmosphere with greenhouse gas, America is a little less great, according to the MAGA crowd.

India knows this is what Trump’s America thinks, even if climate-aware Americans don’t.

India’s cabinet has agreed that, after signing Japan up for the first part of its massive carbon trade, it will complete rules that will allow the signing of “agreements with other countries on similar lines,” the world’s most populous nation said. (see full statement, below).

This is key.

India has an unusual ability to attract climate finance by selling carbon credits because it’s used a surprisingly small portion of its logical, or historically mathematical, carbon “budget” during the past four decades or so — when climate negotiations have been taking place.

The longer the emissions history considered by negotiators in the global talks, the trickier the 2025 negotiations are. And they are super tricky right now.

The rich, largely Americans, have mostly caused the climate crisis — and climate death is on the rise. AI’s emissions are making it much worse.

Take a look at this chart, and you can get a handle on why India is important in the climate negotiations at UN level, which hopefully will come to some breakthrough when they take place in November in Brazil.

Despite its huge population of about 1.5 billion people, India’s people have made an historically small contribution to the total level of heat-trapping gas in the world’s atmosphere. (Japan has a population of 123 million people.)

On the other hand, the USA, with 4% of global population, has fucked the climate, bigtime.

That means India is in a strong position in the ongoing (but downplayed in the mainstream media) negotiations, because most countries — and informed people — deem …that historical fairness is important when “dividing up” the remaining carbon budget left.

That is, sort of, where the negotiations are at.

The world has pretty much run out of space for more emissions because humankind is already breaching the key target in the Paris deal — temperatures have already risen by more than 1.5C above pre-industrial levels and don’t seem inclined to fall back down. The last time average temperatures were at the 1991-2020 average was at the end of 2022. Let that sink in.

2023-2025 shown here, in bold

The last time global average temperatures were at the 1991-2020 average was at the end of 2022. Let that sink in. Think about it. Here is 2022 temps (correct), in bold (grey)

What will happen next?

Mr Trump’s negotiation stance is that he does not care about the climate.

That’s just not true — it is one of his deceptions that he justifies in the name of “we are in a negotiation.”

He’s pretending because his negotiation leverage, in this particular case, is so bad. (See emissions-level chart, above)

India is cleverly playing off the US and many other countries against each other to get the best terms for its carbon credits.

Taking a leaf out of Trump’s tactics, PM Narendra Modi and his negotiators are probably saying: “Give me some trillions of euros or roubles in investments, and I will give you some emissions space.”

If Russia gets better terms from India (for instance), Russia’s fossil fuels will be cheaper than the USA’s fossil fuels in the global market during the next three decades plus.

Mr Trump can’t stand this prospect.

He is used to markets rigged in HIS favor. (US crude oil [WTI] is cheaper than the rest of world [Brent] — WTF?)

That’s why Trump is punishing India with 50% tariffs right now.

That’s why the bully-boy media company, Bloomberg, is pressuring India into a climate and trade deal. (I used to work there at Bloomberg so I know a little about how they are actually a propaganda shop, somewhat like Murdoch’s Fox, WSJ and the rest of the mainstream media.)

See this:

Reuters citing Bloomberg:

https://www.reuters.com/world/india/indias-chief-economic-adviser-says-trumps-tariffs-could-shave-05-off-gdp-2025-09-08/

The Japan-India “deal” is already big, kind of — the Joint Crediting Mechanism — true leaders from about one quarter of the 8m people on earth are already on board

And don’t forget.

One of the coolest things about this cooperation deal is that is involves a member of the G7 (Japan) and a key member of the BRICS grouping (India)

【Overview of the JCM】
 A mechanism established consistently with Article 6 of the Paris Agreement, under which companies and government of Japan and partner countries cooperate in terms of technology and funding to implement measures, and the resulting GHG reductions and removals are allocated in proportion to the contributions of each country. The Ministry of Economy, Trade and Industry, the Ministry of Foreign Affairs, the Ministry of Agriculture, Forestry and Fisheries, and the Ministry of the Environment of Japan are working together to operate the system as a unified government effort. To date, approximately 270 projects have been implemented in various fields, including energy and waste, and in April of this year, the designated implementation agency was established based on the law to accelerate the process.

 * JCM – Joint Crediting Mechanism partner countries: Mongolia, Bangladesh (176 million people), Ethiopia (135 million people), Kenya (57 million people), Maldives, Vietnam, Laos, Indonesia (286 million people), Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia (38 million people), Chile (20 million people), Myanmar, Thailand, Philippines, Senegal, Tunisia, Azerbaijan, Moldova, Georgia, Sri Lanka, Uzbekistan, Papua New Guinea, United Arab Emirates, Kyrgyzstan, Kazakhstan, Ukraine, and Tanzania, with India becoming the 31st country to join.

And also don’t forget

While I’m assuming that India and the USA are at loggerheads, there’s a chance Modi and Trump are actually working together…against the world’s people. 2025 is the year of deception, afterall.

A few days after the India-Japan climate “deal” was struck, the USA and Japan struck a trade deal. Is the India-USA tension actually a pretence? Is it propaganda?

You can’t rule that out.

And a few hours after I published this story, above …this happened:

And shortly after that, this:

The India-Middle East-Europe Economic Corridor (commonly abbreviated as IMEC; sometimes also referred to as IMEEC) is a planned economic corridor that aims to bolster economic development by fostering connectivity and economic integration between Asia, the Persian Gulf and Europe.

(Smoothed language, earlier added links, IMEEC)

https://www.env.go.jp/en/press/press_00320.html?utm_source=chatgpt.com

India and Japan sign Memorandum of Cooperation on Joint Crediting Mechanism (JCM) under Article 6.2 of the Paris Agreement on Climate Change

https://www.pib.gov.in/PressReleasePage.aspx?PRID=2161892&utm_source=chatgpt.com


The “deal” — memoranda of cooperation have no legal standing (as far as I can tell) and this one can be ‘terminated’ by either side at six months’ notice, termination does not change contracts that already exist under the memo — both countries have to agree on everything, …according to the memo

NOTES AND SOURCE DOCS, REACTION, WEBINAR, CORSIA CHART

JCM to encourage Investment Flow, Technology Transfer and Capacity Building support for Projects involving Low Carbon Technologies, besides enabling International Trading of Carbon Credits thus generated

Posted On: 29 AUG 2025 5:20PM by PIB Delhi

The Ministry of Environment, Forest and Climate Change (MoEFCC), Government of India, has signed an Memorandum of Cooperation (MoC) with Government of Japan on Joint Crediting Mechanism (JCM) under Article 6.2 of the Paris Agreement of the United Nations Framework Convention on Climate Change (UNFCCC). The development demonstrates India’s firm commitment to Climate Action and marks yet another milestone in the implementation of the Paris Agreement. 

The MoC, signed earlier this month, is part of an important area of Indo-Japan Cooperation – ‘Green Energy Focus for a Better Future’ – that was highlighted today by Prime Minister Shri Narendra Modi during his ongoing visit to Japan.

https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=1961319744625385694&lang=en&origin=https%3A%2F%2Fwww.pib.gov.in%2FPressReleasePage.aspx%3FPRID%3D2161892%26utm_source%3Dchatgpt.com&sessionId=0ea4c47b6e8a346f7e514c1f216f741bca8cfc65&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px

India and Japan share a strong history of economic, commercial and cultural cooperation. The current MoC aims to bolster the partnership between India and Japan on Climate Change Mitigation. The low-carbon technologies approved by the National Designated Agency for Implementation of Article 6 of Paris Agreement (NDAIAPA), under Article 6.2, form an important component of India’s long-term low carbon development strategy to achieve Net Zero by 2070. 

Presently, this strategy is cost intensive and requires viability gap funding. The JCM will encourage the flow of investment, technology assistance, including technology transfer and capacity building support for the implementation of projects involving these low carbon technologies. It will also develop domestic ecosystem and partnerships to localise low carbon technologies and associated high technology interventions related to equipment, machinery, products, systems and infrastructure, paving the way for their large-scale deployment.

The Memorandum of Cooperation would further facilitate the implementation of projects contributing to greenhouse gas (GHG) reduction or removal and sustainable development in India. It will also enable the international trading of carbon credits generated from such projects under Article 6.2 of the Paris Agreement with Japan and other countries on similar lines, without adversely impacting India’s NDC commitments.

The MoEFCC has also received authorisation from the Union Cabinet to finalize the Rules of Implementation (RoI) and for signing agreements with other countries on similar lines under Article 6.2 of Paris Agreement, in consultation with the concerned Ministries of Government of India and Ministry of External Affairs (MEA).

Presidential Actions

IMPLEMENTING THE UNITED STATES–JAPAN AGREEMENT

Executive Orders

September 4, 2025

By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.), section 232 of the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862) (section 232), section 604 of the Trade Act of 1974, as amended (19 U.S.C. 2483), and section 301 of title 3, United States Code, I hereby determine and order:

Section 1.  Background.  On July 22, 2025, I announced a framework agreement between the United States and Japan (Agreement), which lays the foundation for a new era of United States-Japan trade relations grounded in principles of reciprocity and our shared national interests.  The Agreement establishes a tariff framework that levels the playing field for American producers and accounts for American national security needs.  In my judgment, the Agreement is necessary and appropriate to address the national emergency declared in Executive Order 14257 of April 2, 2025 (Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits), as amended, and to reduce or eliminate the threats to national security found in Proclamation 9704 of March 8, 2018 (Adjusting Imports of Aluminum Into the United States), as amended; Proclamation 9705 of March 8, 2018 (Adjusting Imports of Steel Into the United States), as amended; Proclamation 9888 of May 17, 2019 (Adjusting Imports of Automobiles and Automobile Parts Into the United States), as amended; and Proclamation 10962 of July 30, 2025 (Adjusting Imports of Copper Into the United States).  The Agreement will reduce the United States trade deficit, boost the economy of the United States, and address the consequences of the United States trade deficit, including by strengthening the manufacturing and defense industrial base of the United States.

Under the Agreement, the United States will apply a baseline 15 percent tariff on nearly all Japanese imports entering the United States, alongside separate sector-specific treatment for automobiles and automobile parts; aerospace products; generic pharmaceuticals; and natural resources that are not naturally available or produced in the United States.  This new tariff framework, combined with expanded United States exports and investment-driven production, will help reduce the trade deficit with Japan and restore greater balance to the overall United States trade position.

Japan, meanwhile, will provide American manufacturing, aerospace, agriculture, food, energy, automobile, and industrial goods producers with breakthrough openings in market access across key sectors.  Specifically, the Government of Japan is working toward an expedited implementation of a 75 percent increase of United States rice procurements within the Minimum Access rice scheme and purchases of United States agricultural goods, including corn, soybeans, fertilizer, bioethanol (including for sustainable aviation fuel), as well as other United States products, in amounts totaling $8 billion per year.  The Government of Japan is also working to accept for sale in Japan United States-manufactured and United States-safety-certified passenger vehicles without additional testing.  Separately, Japan will purchase United States-made commercial aircraft, as well as United States defense equipment.

Critically, unlike any other agreement in American history, the Government of Japan has agreed to invest $550 billion in the United States.  These investments — which will be selected by the United States Government — will generate hundreds of thousands of United States jobs, expand domestic manufacturing, and secure American prosperity for generations.

In my judgment, I determine that the following actions are consistent with the national interest of the United States and are necessary and appropriate to address the national emergency declared in Executive Order 14257, as amended, and to reduce or eliminate the threats to national security found in Proclamation 9704, as amended; Proclamation 9705, as amended; Proclamation 9888, as amended; and Proclamation 10962.

Sec. 2.  General Tariffs.  (a)  The additional ad valorem rate of duty applicable to products of Japan shall be determined by a product’s current ad valorem (or ad valorem equivalent) rate of duty under column 1 of the Harmonized Tariff Schedule of the United States (HTSUS) (“Column 1 Duty Rate”).  For a product of Japan with a Column 1 Duty Rate in the HTSUS that is less than 15 percent, the sum of its Column 1 Duty Rate and the additional ad valorem rate of duty pursuant to this order shall be 15 percent.  For a product of Japan with a Column 1 Duty Rate that is at least 15 percent, the additional rate of duty pursuant to this order shall be zero percent.  Treatment of specific or compound duty rates shall be identical to the treatment provided to products of the European Union as outlined in Executive Order 14326 of July 31, 2025 (Further Modifying the Reciprocal Tariff Rates).  The duties described in this subsection shall apply in lieu of the additional ad valorem duties previously imposed on products of Japan under Executive Order 14257, as amended.

(b)  Except as provided in subsection (a) of this section, the terms of Executive Order 14257, as amended, shall continue to apply to products of Japan.

(c)  The Secretary of Commerce (Secretary), in consultation with the United States Trade Representative; the Secretary of Homeland Security, acting through the Commissioner of U.S. Customs and Border Protection (CBP); and the Chair of the United States International Trade Commission (ITC), shall determine whether modifications to the HTSUS are necessary or appropriate to effectuate this order and may make such modifications through notice in the Federal Register.

(d)  The tariffs set forth in subsection (a) of this section shall apply retroactively to products of Japan entered for consumption or withdrawn from warehouse for consumption on or after 12:01 a.m. eastern daylight time on August 7, 2025.  Any refunds shall be processed pursuant to applicable laws and CBP’s standard procedures for such refunds.

(e)  The Secretary may issue rules, regulations, guidance, and procedures to carry out the provisions of this section, including rules for determining what are “products of Japan” for purposes of this section.

Sec. 3.  Aerospace.  (a)  With respect to products of Japan that fall under the World Trade Organization Agreement on Trade in Civil Aircraft, except for unmanned aircraft, the tariffs imposed through the following Presidential actions and subsequent amendments to those actions shall no longer apply, as of the date of publication of the Federal Register notice described in subsection (b) of this section:

(i)    Executive Order 14257, as amended;

(ii)   Proclamation 9704, as amended;

(iii)  Proclamation 9705, as amended; and

(iv)   Proclamation 10962.

(b)  Within 7 days of the date of publication of this order in the Federal Register, the Secretary, in consultation with the Chair of the ITC and the Commissioner of CBP, shall publish a notice in the Federal Register modifying the HTSUS consistent with this section.

(c)  The Secretary may issue rules, regulations, guidance, and procedures to carry out the provisions of this section, including rules for determining what are “products of Japan” for purposes of this section.

Sec. 4.  Automobiles and Automobile Parts.  (a)  As of the date of publication of the Federal Register notice described in subsection (b) of this section, in lieu of the additional section 232 ad valorem duties imposed on products of Japan in Proclamation 10908 of March 26, 2025 (Adjusting Imports of Automobiles and Automobile Parts Into the United States), as amended, the additional ad valorem rate of duty applicable to an automobile or automobile part that is a product of Japan and subject to duties under Proclamation 10908, as amended, shall be determined by the product’s Column 1 Duty Rate.  For a product of Japan with a Column 1 Duty Rate that is less than 15 percent, the sum of its Column 1 Duty Rate and the additional automobile or automobile part section 232 ad valorem rate of duty pursuant to this order shall be 15 percent.  For a product of Japan with a Column 1 Duty Rate that is at least 15 percent, the additional automobile or automobile part section 232 ad valorem rate of duty imposed shall be zero percent.

(b)  Within 7 days of the date of publication of this order in the Federal Register, the Secretary, in consultation with the Chair of the ITC and the Commissioner of CBP, shall publish a notice in the Federal Register modifying the HTSUS consistent with this section.

(c)  The Secretary may issue rules, regulations, guidance, and procedures to carry out the provisions of this section, including rules for determining whether automobiles and automobile parts are “products of Japan” for purposes of this section.

Sec. 5.  Products Not Subject to Reciprocal Tariffs.  (a)  To implement the terms of the Agreement, the Secretary is authorized to modify the reciprocal tariff rate imposed under Executive Order 14257, as amended, to zero percent for products of Japan that are natural resources unavailable (or unavailable at sufficient scale to satisfy domestic demand) in the United States, generic pharmaceuticals, generic pharmaceutical ingredients, and generic pharmaceutical chemical precursors.

(b)  In determining when and for which products to modify the reciprocal tariff rate to zero percent, the Secretary shall act in a manner consistent with the national interests of the United States; the purposes of this order; the need to deal with the national emergency declared in Executive Order 14257, as amended; and the need to reduce or eliminate the threats to national security that I found pursuant to section 232.  The Secretary shall also consider factors he deems appropriate, including the scope and nature of the commitments of the Government of Japan under the Agreement; the scope and nature of the commitments of the United States under the Agreement; the actions taken by the Government of Japan to implement its commitments under the Agreement; and the actions taken by the United States to implement its commitments under the Agreement.

Sec. 6.  Monitoring and Modifications.  (a)  The Secretary shall monitor the progress of Japan’s implementation of its commitments under the Agreement and shall, from time to time, update me on the status of Japan’s implementation.

(b)  Should Japan fail to implement its commitments under the Agreement, I may modify this order as necessary to deal with the emergency declared in Executive Order 14257, as amended, and to reduce or eliminate the threats to national security found in Proclamation 9704, as amended; Proclamation 9705, as amended; Proclamation 9888, as amended; and Proclamation 10962.

Sec. 7.  Delegation.  (a)  Consistent with applicable law, the Secretary and the Secretary of Homeland Security are directed and authorized to take all necessary actions to implement and effectuate this order — including through temporary suspension or amendment of regulations or through notices in the Federal Register and by adopting rules, regulations, or guidance — and to employ all powers granted to the President, including those granted by IEEPA and section 232, as may be necessary to implement and effectuate this order.

(b)  The Secretary of Homeland Security, in consultation with the Chair of the ITC, shall determine whether additional modifications to the HTSUS are necessary to effectuate this order and may make such modifications through notice in the Federal Register.  The Secretary of Homeland Security shall consult with any senior officials she deems appropriate.

(c)  Consistent with applicable law, the Secretary and the Secretary of Homeland Security may, consistent with applicable law, redelegate any of these functions within their respective department or agency.

(d)  All executive departments and agencies shall take all appropriate measures within their authority to implement this order.

Sec. 8.  Interaction With Other Presidential Actions.  Any provision of previous proclamations and Executive Orders that is inconsistent with the actions directed in this order is superseded to the extent of such inconsistency.   

Sec. 9.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:

(i)   the authority granted by law to an executive department or agency, or the head thereof; or

(ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

(b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

(c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

(d)  The costs for publication of this order shall be borne by the Department of Commerce.

                             DONALD J. TRUMP

THE WHITE HOUSE,

    September 4, 2025.

——

IETA —International Emissions Trading Association

FOR IMMEDIATE RELEASE  |  Contact press@ieta.org
IETA Comments on India-Japan
Joint Crediting Mechanism
GENEVA, 5 September – India and Japan last week signed a joint memorandum of cooperation on a Joint Crediting Mechanism to create carbon credits through decarbonisation projects.

Under the agreement, both governments recognise that a share of the credits issued from emission reductions and removals under the JCM may be used towards the achievement of Japan’s NDC as Internationally Transferred Mitigation Outcomes, and that the remaining JCM credits can contribute to achieving the NDC of the Republic of India, consistent with the guidance on cooperative approaches referred to in Article 6.2 of the Paris Agreement.

Commenting on the agreement, IETA President and CEO Dirk Forrister said: “The signing of the India–Japan Joint Crediting Mechanism is a pivotal moment for both the countries. This agreement will channel much-needed investment and advanced Japanese technologies into India’s priority sectors — many of which have faced high implementation costs.”

“JCM will help India move closer to its net zero targets by lowering the cost of clean energy solutions and while enabling Japan and India both to meet its NDC goals through high-integrity, internationally transferred mitigation outcomes,” he added.

“The mechanism has demonstrated several good practices in implementation that go well beyond emission reductions in many of Japan’s partner countries. 
 
Kajol Tandon, IETA’s India Representative, said “The Joint Crediting Mechanism holds great potential to accelerate India’s low-carbon transition especially in in heavy industrial, transport, energy sector and waste management. As advanced technologies are in critical need in India, Japan’s support through the JCM can help both countries achieve their NDCs while strengthening industrial competitiveness.”

“Scaling and deploying solutions in hydrogen, battery storage, grid electrification, and energy efficiency will represent some of the most critical areas of partnership.”

Lastly IETA will host a live webinar on the topic of the India-Japan JCM agreement on Friday, September 12, at 0830 CET/0730 BST. Registration details may be found here.
ABOUT IETA
IETA is the voice of business on carbon markets around the world. Established in 1999, IETA’s members include global leaders in the electricity, oil/gas, cement, aluminium, chemical, mining, technology, standards, verification, broking, trading, legal, finance, accounting and consulting industries.

Webinar today

Webinar on India-Japan Joint Crediting Mechanism (JCM) Under Article 6 of the Paris Agreement
 

Dear Colleagues, 
As India and Japan have formalized their collaboration for Joint Crediting Mechanism (JCM) through the signing of a Memorandum of Understanding (MoU), IETA is pleased to host a webinar on the India-Japan Joint Crediting Mechanism (JCM) as a key cooperative approach under Article 6 of the Paris Agreement with the cooperation of the Ministry of Environment, Forest and Climate Change and Ministry of New and Renewable Energy of India, and the Ministry of the Environment, and the Ministry of Economy, Trade and Industry (METI) of Japan.  

This dialogue aims to explore opportunities for cooperation between India and Japan under the JCM framework, explain the functioning of the mechanism, and share what it means for businesses in both countries.

The session will provide a platform to hear from Japanese government representatives on the experience with JCM implementation in several other countries, offering valuable lessons and best practices that can inform the Indian context. The session will also highlight expectations from JCM in India and discuss how the mechanism can contribute to national climate goals of both the countries while fostering bilateral collaboration.  

The webinar will further examine the types of projects expected under JCM, procedure to implement projects in India, and potential cooperation opportunities between Indian and Japanese stakeholders. Importantly, the session will also bring in private sector perspectives on the demand for carbon credits, views on India’s carbon market development, and how JCM could enhance market potential. This session will bring together IETA members, senior government representatives from both India and Japan, and carbon market experts to discuss experts to unpack the potential of the JCM to drive high-integrity mitigation outcomes, enable technology transfer, and support both nations in achieving their climate goals. 

Event Details: Date: 12 September 2025 Time: 12:00 PM to 13:30 PM IST / 3:30 PM to 5:00 PM JST Language: English Organizer: IETA Registration:

Click here to register

Agenda: Please click here to view the webinar agenda (subject to updates)
see below

  If you have queries about this webinar, please contact Kajol Tandon (tandon@ieta.org) or Takashi Morishima (morishima@ieta.org). 
We look forward to your participation in what promises to be an insightful session.
Kind regards, 
IETA Events Team

Welcome and overview

  • Kajol Tandon, IETA India Representative, Moderator

Introductory Remarks: Article 6 and Opportunities for Private Sector

  • Andrea Bonzanni, International Policy Director, IETA

Joint Crediting Mechanism (JCM) and Article 6

  • Mr. Norihiro Kimura, Senior Negotiator for Climate Change, Global Environmental Affairs Office, GX Policy Group, Ministry of Economy, Trade and Industry (METI), Japan
  • Mr. Satoru Iino, Director, Office of Fluorocarbons Control Policy (Concurrent: Office for the Joint Crediting Mechanism and International Carbon Market), Global Environment Bureau, Ministry of the Environment, Japan

Carbon Pricing Mechanism in India and Article 6

  • Ms Nameeta Prasad, Joint Secretary, Ministry of Environment, Forest and Climate Change – India

Role of Article 6 and Implementation Procedure

  • Perumal Arumugam, Manager, Mitigation – UNFCCC 

Private sector views on investment on JCM in India for GX-ETS

  • Takashi Hongo, Co-Chair – IETA Japan Working Group

Private Sector Views on India’s Market Potential for JCM 

  • Fabio Silva Nehme, Co-Chair – IETA India Taskforce
  • Apurba Mitra, – Co-Chair, IETA India Taskforce

Q&A from Audience

Closing


Event details

Date: 12 September 2025

Time: 12:00 PM to 13:30 PM IST / 3:30 PM to 5:00 PM JST

This webinar will be hosted in English.

——-

Corsia (UN) carbon advances

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