Outline of The Bilateral Offset Credit Mechanism

Purpose of the BOCM:

• 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.

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