Oman and Japan have established a Joint Crediting Mechanism (JCM) to drive investment in decarbonization projects. This framework allows Japanese companies to receive government subsidies for deploying clean technologies in Oman, with a portion of the resulting carbon credits counting toward Japan's climate goals. The partnership targets sectors including green hydrogen, renewable energy, and waste management. By aligning with Article 6 of the Paris Agreement, the agreement helps Oman build its domestic carbon market infrastructure while attracting foreign expertise and capital for its 2050 net-zero target.
