Low Carbon Technology Center(LCTT) had been designated by the Secretariat of Joint Committee, as a Third-Party Entity(TPE) for the projects, implementing under Joint Credit Mechanism (JCM), on May 26th, 2017. 

Japanese Government and Mongolian Government signed on the Low Carbon Development Partnership on January 8th, 2013. The JCM has been established in order to promote investment and deployment of low carbon technologies, products, systems, services and infrastructure to achieve Low Carbon Development in Mongolia. The TPEs are entities designated by the Joint Committee as qualified to validate proposed JCM projects and to verify  GHG emission reductions or removals. The project validations and verifications are conducted under contractual arrangement with the Project participant, according to JCM guidelines previously approved by Joint Committee of JCM.