JCM_MN_Glossary_ver01.0
Joint Crediting Mechanism Glossary of Terms
Category
No. Term
Emission
1. Greenhouse
reductions orGases (GHG)
removals2.

JCM project3.

Eligibletype list

4.

Eligibility criteria

5.

Netdecrease
and/or avoidanceofGHG
emissions

6.

Referenceemissions

7.

Business-as-usual(BaU) emissions

8.

Creditingthreshold9.

project

Emissionssources and GHG
types
10. Sinks and GHG
types

Definition in JCM
GHG are those gases of carbon dioxide (CO2),methane(CH4),
nitrousoxide(N2O),
hydrofluorocarbons (HFCs), perfluorocarbons(PFCs), sulphur hexafluoride (SF6) and nitrogen
trifluoride (NF3) (RoI para.2).
GHG emission reductions or removals project
activities under the JCM (RoI para.3).
List of titles of methodologies approved by theJoint Committee under the JCM with theireligibility criteria.
Eligibility criteria are requirements for the JCM
project defined in the JCM methodology andcontain the followings:(a) Requirements for the project in order to beregistered as a JCM project;(b) Requirements for the project to be able toapply the JCM methodology.
In the JCM, emission reductions to be credited
are defined as the difference between reference
emissions and project emissions. The reference
emissions are calculated below business as usual(BaU) emissions to ensure a net decrease and/or
avoidance of GHG emissions.
Reference emissions are calculated below
business-as-usual (BaU) emissions. Reference
emissions are calculated by multiplying acrediting threshold which is typically expressed
as GHG emissions per unit of output by totaloutputs.
Business-as-usual (BaU) emissions represent
plausible emissions in providing the same outputs
or service level of the proposed JCM project in
the host country.
Crediting threshold is typically expressed as
GHG emissions per unit of output. A crediting
threshold is established ex ante in themethodology applicable for the same project typein the host country. It should also be establishedconservatively in order to calculate reference
emissions below BaU emissions.
Those emissions sources and GHG types whoseemissions are significant and reasonably
attributable to the JCM project.
Those sinks and GHG types whose removals oremissions are significant and reasonably
attributable to the JCM project.
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Category

No. Term
11. Sectoral scope

12. Level
assurance

13. Materiality

GovernanceDefinition in JCM
The category of GHG source sectors or groups ofactivities that apply to JCM projects. It is basedon the sectoral scope for the CDM. A JCM
project may fall within more than one sectoral
scope.
of Level of assurance is defined as degree ofassurance the Joint Committee requires in averification.
The level of assurance is used to determine thedepth of detail that a verifier designs into theirverification plan to determine if there are anymaterial errors, omissions or misrepresentations.
Materiality is a concept that individual or theaggregation
oferrors,omissions
andmisrepresentations could affect the greenhousegas assertion and could influence the intended
users' decisions.

14. Each
Government(side)

15. Joint committee

Each side, based on the rules and guidelines asdeveloped by the Joint Committee and/or inaccordance with relevant domestic laws andregulations in respective countries for theimplementation of the JCM:(a) Prepares draft methodologies and submits
them to the Joint Committee;(b) Establishes and maintains a registry in linewith the common specifications for registries, asdeveloped by the Joint Committee;(c) On the basis of notification for issuance ofcredits by the Joint Committee (including forallocation of credits among participants), issues
the notified amount of credits to its registry.
Each side promptly informs the Joint Committee
on the issuance of credits under the JCM (RoIpara.13-14).
The both sides establish the Joint Committee
which consists of the representatives from bothsides.
The Joint Committee may develop or modify theRules of implementation and other rules andguidelines necessary for the implementation ofthe JCM.
The Joint Committee designates the third-party
entities.
On the basis of a request for registration of JCM
projects submitted by project participants, theJoint Committee registers JCM projects whichwere validated by the third-party entities.
On the basis of a request for notification to each2

JCM_MN_Glossary_ver01.0
Category

No. Term

Definition in JCM
side for issuance of credits submitted by project
participants, the Joint Committee notifies bothsides to issue the credits which were verified bythe third-party entities. (RoI para.5-9).
16. Joint committee The Joint Committee establishes its secretariat
secretariatfor the implementation of the JCM (RoI para.12).
17. Third-party entity A third-party entity that is designated by the JointCommittee:(a) On the basis of requests from project
participants, validates the project as described ina PDD prepared by the project participants, inline with the guidelines for the validation as
developed by the Joint Committee, and informs
the validation result to the project participants;(b) On the basis of requests from project
participants, verifies GHG emission reductions orremovals achieved by the JCM project as
described in the monitoring report prepared by
the project participants, in line with theguidelines for the verification of GHG emission
reductions or removals as developed by the Joint
Committee, records the verification result in averification report and sends the report to theproject participants (RoI para.18).
18. Project
Project participants:
participant(a) Prepare a draft methodology and submit thedraft to the Joint Committee for its approval;(b) Prepare a draft PDD and submit the draft to athird-party entity for validation and notify theJoint Committee;(c) Submit the PDD that was validated by thethird-party entity to the Joint Committee for its
registration of the project;(d) Implement the JCM project and conduct
monitoring in line with the PDD;(e) Prepare a monitoring report and send thereport to a third-party entity for verification;(f) Submit a verification report prepared by thethird-party entity to the Joint Committee, andrequest notification to each side for issuance ofcredits under the JCM (RoI para.19).

Documents/
infrastructure

19. Methodology

A methodology applied to JCM projects forcalculating emission reductions achieved by eachproject and monitoring the JCM project.
A proposed methodology is a methodology thathas been submitted to the Joint Committee forapproval. A proposed methodology consists ofproposed methodology form and Proposed3

JCM_MN_Glossary_ver01.0
Category

No. Term

Definition in JCM
Methodology Spreadsheet.
An approved methodology is a methodology thathas been approved by the Joint Committee forapplication to JCM projects. An approved
methodology consistsofanapproved
methodology document and a Monitoring
Spreadsheet. Approved methodologies are
publicly available on the JCM website.
20. Proposed
A Proposed Methodology Spreadsheet is a part ofMethodology
a proposed methodology developed bySpreadsheet
methodology proponents.
A Proposed Methodology Spreadsheet defines amonitoring plan and enables calculation of GHG
emission reductions automatically throughinputting values. The Proposed Methodology
Spreadsheet consists of an input sheet andcalculation process sheet.
21. Monitoring
A Monitoring Spreadsheet is a part of anSpreadsheet
approved methodology.
The Monitoring Spreadsheet consists of aMonitoring Plan Sheet (input sheet andcalculation process sheet), Monitoring Structure
Sheet, and Monitoring Report Sheet (input sheetand calculation process sheet). The Monitoring
Plan Sheet and Monitoring Structure Sheet areused for developing a monitoring plan andcalculating emission reductions ex ante. TheMonitoring Report Sheet is used for preparing amonitoring report and calculating emission
reductions ex post. The Monitoring Plan Sheetand Monitoring Report Sheet are prepared basedon the Proposed Methodology Spreadsheet andthe Monitoring Structure Sheet is added by thesecretariat after the approval of the proposed
methodology by the Joint Committee.
22. Project
design The document prepared by the project participant
document (PDD) of a JCM project which sets out in detail the JCM
project which is to be realized. A Project design
document (PDD) consists of a completed PDD
form and monitoring plan using a Monitoring
Plan Sheet and Monitoring Structure Sheet of theMonitoring Spreadsheet. The form of PDD,Monitoring Spreadsheet, and guidelines on
preparing the PDD, are publicly available
through the JCM website.
23. Monitoring plan
A monitoring plan sets out the methodology to be
used by project participants for the monitoring of,and by third-party entities for verification of theamount of GHGs emission reductions achieved
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Category

No. Term

24. Monitoring
report25. Registry
26. Credit

Project cycle

Definition in JCM
by the JCM project. A monitoring plan isdeveloped using Monitoring Plan Sheet andMonitoring Structure Sheet of Monitoring
Spreadsheet.
A monitoring report is prepared by a project
participant and sets out the GHG emission
reductions of an implemented registered JCM
project for a particular monitoring period. Amonitoring plan is prepared using a Monitoring
Report Sheet of a Monitoring Spreadsheet.
Each side establishes a registry to record and use
the credits (RoI para.34).
Credits are issued based on quantified amount of
GHG emission reductions or removals achievedby the contribution of project participants in theimplementation of GHG emission reductions orremovals project activities under the JCM (RoIpara.3).

27. Modalities
of A modalities of communication statement (MoC)
communicationfrom (or signed by) all project participants
statement (MoC) participating in a JCM project, defined in aprescribed form, that designates one focal point
entities to communicate on their behalf with thesecretariat and the Joint Committee in line withestablished scopes.
28. Validation
Validation is the process of independent
evaluation of a proposed JCM project by athird-party entity against the validation
guidelines as developed by the Joint Committeeon the basis of the PDD (RoI para.24).
29. Registration
Registration is the formal acceptance by the Joint
Committee of a validated project as a JCM
project (RoI para.27).
30. Monitoring
Project participants implement a JCM project andmonitor GHG emission reductions or removalsby the JCM project based on the PDD (RoIpara.30).
31. Verification
Verification is the periodic independent review
and ex post determination by a third-party entityof the monitored GHG emissions reductions orremovals as a result of a registered JCM project
during the verification period (RoI para.31).
32. Issuance
The action taken by each side to issue the credits
of credits
to its respective account in the registry in linewith the notification of the Joint Committee.

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