The Joint Crediting Mechanism (JCM) is a bilateral mechanism initiated by Japan to enable cooperating countries to use low-carbon technologies in their greenhouse gas reduction projects, with financial support from the Japanese government. The JCM is managed by a Joint Committee, which is composed of members from Japan and cooperating countries. The implementation of greenhouse gas reduction projects requires Measurement, Reporting and Verification (MRV) to ensure the credibility of the greenhouse gas reduction. The Joint Committee endorses the methodology used to calculate the greenhouse gas reduction, registers and certifies the amount of greenhouse gas reduction achieved by the project, or carbon credits. The certified greenhouse gas reduction can be used to achieve greenhouse gas reduction targets under the United Nations Framework Convention on Climate Change (UNFCCC).