The first step for a project is to list a project on the VCS pipeline. The time it takes for a project to be registered in the VCS Program depends on the individual circumstances of the project. The exact timeline for this process varies from project to project. Upon successful verification, the project can request VCU issuance. Verra needs to approve the verification.A validation/verification body (VVB) needs to verify the emission reductions and removals the project achieved.Project activities need to be implemented and the GHG reductions and removals need to be monitored.It can take up to a year or longer (in rare cases).Īfter a successful validation, the project proponent requests project registration with Verra as outlined in the Registration and Issuance Process document.īefore a project can be issued VCUs, the following steps need to be completed: The length of the validation process varies from project to project. There are two timelines project proponents need to be aware of before starting to develop a VCS project: 1) the timeline for project registration, and 2) the timeline for VCU issuance.Īfter a project proponent submits the draft project description, a project undergoes a 30-day public comment period.Īfter this, the project goes through validation during which a validation/verification body (VVB) reviews the project description and the comments received during the public comment period. We can only respond to questions related to our rules and requirements. Please note that Verra staff cannot assist you with the development of a project. Review the “Develop a VCS Project” page for more details. Comments received during this time must be addressed by the project developer. Project developers also contract the VVBs directly.Īll projects undergo a 30-day public comment period during pipeline listing. If there is no suitable Verra or Clean Development Mechanism methodology, it may be necessary to develop a new one. Project developers are responsible for finding a suitable methodology for calculating the project’s greenhouse gas (GHG) emissions. Once verification has been completed and approved by Verra, a project proponent can request the issuance of credits.įor more detailed guidance on this process and additional details (opening a registry account etc.) please refer to the Registration and Issuance Process document. Verification by the VVB against the projects monitoring plan confirms the emission reductions and removals the project has achieved.Upon completion this results in successful project registration Validation by a third-party auditor ( validation and verification body (VVB) who approves the final project description of the project.Pipeline listing based on a draft project description document.The key steps of project development are: Review Table 1 in the VCS Standard for non-Agricultural, Forestry, and Other Land Use (AFOLU) projects and Appendix 1 for AFOLU projects. Check if your planned project activities are eligible in the VCS Program. Ensure that your project complies with the VCS rules and requirements laid out in the VCS Standard. Before beginning to develop a project in the VCS Program, familiarize yourself with the process and requirements.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |