Q. Recently, which two countries are planning to establish a Joint Crediting Mechanism for carbon trading and credit adjustment through a Memorandum of Cooperation?
Answer: India and Japan
Notes: India and Japan are planning to establish a Joint Crediting Mechanism (JCM) for carbon trading and credit adjustment through a Memorandum of Cooperation (MOC). The JCM will be created under Article 6.2 of the Paris Agreement and will aim to reduce emissions, promote low-carbon technologies, and encourage economic growth. The JCM will also facilitate the sharing of emission reduction credits, the spread of decarbonizing technologies, and the implementation of mitigation actions.