Press Release

January 16, 2026

Global Environment

Outcome of “Forum on Promoting Business Engagement and Matching through the Joint Crediting Mechanism (JCM) to Expand India’s Carbon Market” and “Business Consultation Meeting on the JCM Process in Hyderabad” Held in India

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1. 　The Ministry of the Environment (MOE) of Japan, in cooperation with the Ministry of Environment, Forest and Climate Change (MOEFCC) of India, hosted a business forum and business matching event titled:

“Forum on Promoting Business Engagement and Matching through the Joint Crediting Mechanism (JCM) to Expand India’s Carbon Market” in New Delhi, India on September 23, 2025, and

“Business Consultation Meeting on the JCM Process in Hyderabad”in Hyderabad, India on September 26, 2025

2. 　The forum introduced the JCM as a mechanism that contributes to achieving the Nationally Determined Contributions (NDCs) of both countries and expanding business opportunities. It highlighted the role of JCM in creating new business opportunities, and also emphasized that the official launch of information submissions for decarbonization projects using the Project Information Sheet (PIS) has been announced.

3. 　During the business pitch session, more than 10 Japanese and Indian companies presented diverse project concepts, such as compressed biogas, green hydrogen, CCUS, and waste-to-energy, showcasing JCM opportunities and sharing challenges and expectations for advanced technology deployment. In the subsequent business matching session, over 15 companies and government representatives from both countries held individual discussions with stakeholders from Japan, India, and the Asia-Pacific region to explore potential JCM project development.

4. 　MOE Japan will continue to promote the expansion and acceleration of JCM utilization, contributing to India’s decarbonization efforts.

■　Overview of the Forum on Promoting Business Engagement and Matching through the JCM to Expand India’s Carbon Market

●　Date and Time: September 23, 2025, 10:00–17:30 (India time)

●　Venue: Taj Palace (Pavilion at the Raja Bagh) in Delhi, India

●　Format: Hybrid (In-person and online)

●　Organizers:
Ministry of the Environment (MOE) of Japan

Embassy of Japan in India

●　Partner Organizations:

Institute for Global Environmental Strategies (IGES) / Paris Agreement Article 6 Implementation Partnership (A6IP) Center

Overseas Environmental Cooperation Center, Japan (OECC)

JCM Implementation Agency (JCMA)

●　Participants: Officials of the Indian Government, and representatives from Indian and Japanese companies, approx. 820 (440 in-person, 380 online)

●　Languages: English

●　Presentation Materials: Available here

●　Agenda:

Time	Content
10:00–10:30	•Opening Remarks: Mr. Amandeep Garg, Additional Secretary, MOEFCC, India H.E. Keiichi Ono, Ambassador of Japan to India	•Keynote Speech: Mr. Rajani Ranjan Rashmi, Distinguished Fellow, TERI Mr. Kazuhisa Koakutsu, Director, Paris Agreement Article 6 Implementation Partnership (A6IP) Center
10:30–12:15	Session 1: India’s Carbon market, JCM and Article 6
	•India’s domestic Carbon Market: Mr. Dhiraj Kumar Srivastava, DG Mr. Shri Saurav Diddi, Director, BEE, Ministry of Power •India’s engagement to International Carbon Market and Article 6: Ms. Nameeta Prasad, Joint Secretary, MOEFCC •Article 6 Implementation Status: Mr. Perumal Arumugam, Manager, Mitigation Division, UNFCCC Secretariat	•Implementation Status and Potential of JCM: Mr. Iino Satoru, Director, MOEJ •Rule of Implementation under JCM : Dr. Yuji Mizuno, Secretary-General, JCMA •Introduction to ADB support for the JCM: Mr. Virender Kumar Duggal, HCM Mr. Shohei Okano, FM, JFJCM, ADB
13:30–15:30	Session 2: Potential Sectors and Technologies under the JCM in India : Mr. Norihiro Kimura, METI
	•Carbon Credits from Biogas/CBG Sector: Mr. Rohit Kumar, Secretary General and Mr. Manish Dabkara, President, Carbon Market Association India •Renewable energy with storage, hydro-hybrid projects, storage, green hydrogen: Mr. Bishwa Ranjan Roy, AVP and Head of Carbon Sales & Business Development, RENEW •Best available technologies for process improvement in hard-to-abate sectors, Green ammonia, CCUS: Mr. Rei KIMURA, Managing Director, Mitsubishi Heavy Industries India Private Ltd. •High Voltage Direct Current: Mr. Karthik Krishnamurthi, Country Head – Marketing & Sales, Hitachi Energy India Limited •Energy efficient technology in waste-water Treatment: Mr. Minto Matsunaga, Business Development Manager, Horiba India Private Ltd.	•Waste to Steam and Power: Mr. Gen Takahashi, Deputy General Manager, JFE Engineering Corporation •Sustainable Aviation Fuel: Mr. Sankalp Purwar, Manager, Indian Sugar and Bio Energy Manufactories •Article 6.8 of the Paris Agreement Non Market Based Approaches for Ecosystem Curation: Ms. Arti Ahluwalia, Director, Dimex Green Energy Pvt. Ltd. •Dalmia Bharat Decarbonisation Roadmap: Mr. Lovish Ahuja, Chief Sustainability Officer, Dalmia Cement (Bharat) Limited. •Electrical Arc Furnace (EAF) -Leading the Change to Green Steel Future- : Mr. Naveen Ahlawat, Chief Procurement Officer & Head, Jindal Steel and Power •Electrical Arc Furnace (EAF) Steelmaking: Ms. Sugandha Jayaswal, Resident Executive, Tata Steel
15:30–	Session 3: Business Matchmaking: One-to-one Consultation

●　Overview of Business Pitch Presentations:

1. Carbon Market Association India (Compressed Biogas – CBG):

　Producing CBG from agricultural residues and waste to reduce methane emissions and provide renewable energy.

2. ReNew (Renewable Energy + Storage + Green Hydrogen):

　Hybrid power generation combining solar, wind, and battery storage to ensure stable electricity supply and advance decarbonization.

3. Mitsubishi Heavy Industries India (Waste Heat Recovery, CCUS, Green Ammonia):

　Utilizing high-efficiency turbines and CO₂ capture systems to convert industrial waste heat into power and reduce emissions.

4. Hitachi Energy India (HVDC Transmission):

　Deploying HVDC technology to enable renewable energy integration into urban areas, minimizing transmission losses and optimizing land use.

5. HORIBA India (Energy-Saving Wastewater Treatment):

　Real-time ammonia monitoring and blower control to optimize energy consumption in wastewater treatment processes.

6. JFE Engineering (Waste-to-Energy – WtE):

　High-efficiency incineration technology capable of handling high-moisture waste, promoting resource recovery and emission reduction.

7. Indian Sugar and Bio Energy Manufactories (SAF & Biofuels):

　Producing sustainable aviation fuel (SAF) from sugarcane-derived ethanol, contributing to decarbonization in agriculture and aviation.

8. Dimex Green Energy (Non-Market Approach – Article 6.8):

　Proposing a “Whole Systems Change” model integrating social, technological, and institutional elements to support sustainable transitions.

9. Dalmia Cement (Low-Carbon Cement & CCUS):

　Reducing CO₂ emissions in cement production through CCUS and renewable energy integration.

10. Jindal Steel and Power (Green Steel – EAF):

　 Using high-grade iron ore and electric arc furnaces to electrify steelmaking and cut CO₂ emissions.

11. Tata Steel (Green Steel – EAF):

　 Producing low-carbon steel through electric arc furnace technology using scrap, promoting circular and sustainable steel production.

■　Overview of the Business Consultation Meeting on the JCM Process in Hyderabad

●　Date and Time: September 26, 2025, 9:30–13:00 (India time)

●　Venue: Vivanta Hyderabad, Begumpet, in Hyderabad, India