• 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 (United Nations Framework Convention on Climate Change) by facilitating global actions for emission reductions or removals.

• Two Parties establish the Joint Committee to operate the BOCM/JCM
• The joint committee develops rules and guidelines necessary for the implementation of the JCM/BOCM;
• The joint committee determines either to approve or reject the proposed methodologies, as well as develops JCM/BOCM methodologies;
• The joint committee designates the third party entities (TPEs) or reject the application in accordance with the requirements for the requirements for the accreditation of thirth party entities;
• Each government establishes and maintains a registry in accordance with the common specifications for registries

The Joint committee develops rules and guidelines including:

• Rules of procedures of the joint committee;
• Guidelines for the development of methodologies;
• Methodologies;
• Requirements for the accreditation of third party entities;
• Giudenlines for the validation
• Monitoring guidelines;
• Giudelines for the verification of GHGs emission reduction or removals;
• Common specifications for registries;
• Formats for PDD (project design document), request for registration of BOCM project, moniroring report, request for verification of emission reductions or removal, etc, …

              Diagram of BOCM/JCM mechanism between Vietnam and Japan

The role of QUACERT

QUACERT is an organization that provides emission reduction certification services, as an independent third party entity to conduct the validation and verification of greenhouse gas emission reduction for BOCM/JCM projects.

Validation and verification procedure:

1. Project validation: The process of reviewing the project documentation in accordance with the criteria and regulations set out by the Joint Committee, the principal documents include:

Project Design Document

Describe the general information about the project (project boundary, baseline methodology, monitoring plan, estimated the volume of emission reduction , specifications of the project, , indices of sustainable development and the duration and expected crediting period of the project, set out all relevant calculations…)

Baseline-emission research

The study of the factors used to estimate the volume of emissions without the project (baseline emissions)

Methodology and Monitoring Plan

Description of frequency, responsibilities and methods of monitoring, measuring and calculating GHGs emissions reduction, including the proposed verification plan.

2. Verification and Certification:  the process of review and evaluation in order to determine the actual volume of emissions reduction caused by activities of BOCM/JCM project. The result of this process is the issuance of credit in the form of certified emission reductions (CERs), including activities implemented on site, such as:

Assessing monitoring results and volume of emissions reduction relevant data collecting system.

Assessing implementing procedures established in fact and accuracy of collected data and monitoring devices.

Assessing management system that supports implementation in order to reach the volume of emission reduction.

Interview PPs and related parties.

Verifying, calculating, confirming the volume of emission reduction.

After completing the verification process, QUACERT will issue report of certified emission reductions (CERs) of the project.