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The Joint Crediting Mechanism / Bilateral Offset Credit Mechanism (JCM/BOCM)
Proposed Elements of the Joint Crediting Mechanism / Bilateral Offset Credit Mechanism
- To facilitate diffusion of leading low carbon technologies, products, systems, services, and infrastructure as well as implementation of mitigation actions, and contributing to sustainable development of developing countries.
- To appropriately evaluate contributions to GHG emission reductions or removals from developed countries in a quantitative manner, through mitigation actions implemented in developing countries and use those emission reductions or removals to achieve emission reduction targets of the developed countries.
- To contribute to the ultimate objective of the UNFCCC by facilitating global actions for emission reductions or removals.
1st Joint Committee in Ulaanbaatar, April 11th, 2013
Adopted Documents by the Joint Committee (Electronic Decision on May 23rd, 2013)
Relevant documents of the JCM/BOCM