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Project Certification Processes Overview
Intake Governance Process
Project Pre-Qualification
1.1. Concept and Feasibility
1.2. Stakeholder Engagement
1.3. Legal and Regulatory
1.4. Business Model and Financial Planning
1.5. Team and Capacity
1.6. Determine weighted scoring
1.7. Mint Project to blockchain via NFT
In-depth AI Project Assessment
2.1. Utilize AI algorithms to analyze project data and documentation
2.2. Automate evaluation of project feasibility, risks, and alignment with certification standards
2.3. Identify potential issues or non-conformities early in the process
2.4. Update project blockchain record
Determining Target Credits Markets
3.1. AI Modelling of project assessment
3.2. Compare credit forecast results
3.3. Select ideal class(es) of credits to pursue (including SDG-related)
3.4. Create comparative table
3.5. Update project blockchain NFT
CCB SDG Credits Pre-Assessment
4.1. Feasibility and Applicability
4.2. SDG and Impacts Identification
4.3. Project and Credits classification
Credit Forecasting
5.1. Forecast expected credit issuance based on project specifications
5.2. Forecast additional SDG credits
5.3. Model potential overlapping project credits and SDG-related credits
Overall Quantifiability Review
6.1. Project verification mechanisms
6.2. Blockchain integration review
6.3. Append project assessment details to project NFT
Overview Certification Process: Project & Credits
Project Planning and Design
1.1. Conceptualization and Feasibility
1.2. Baseline Scenario and Additionality
1.3. Project Design Document (PDD) Preparation
1.4. Stakeholder Consultation
Project Validation
2.1. Selection of Verra as the Third-Party Validator
2.2. Submit PDD for Validation
2.3. Validation Assessment
2.4. Resolution of Non-Conformities
2.5. Validation Report and Statement
Project Registration
1.3.1. Submission to Verra Registry
2.3.2. Review by Verra
3.3.3. Registration Approval
Credit Trading and Retirement
6.1. Trading on the Voluntary Market
6.2. Retirement of Credits for Offset Claims
Verification and Certification of Credits
5.1. Verra as the Third-Party Verifier
5.2. Submit of Monitoring Reports
5.3. Verification Assessment
5.4. Issuance of Verified Carbon Units (VCUs)
Monitoring and Data Collection
4.1. Implementation of Monitoring Plan
4.2. Data Collection and Management
4.3. Quantification of GHG Reductions or Removals
Ongoing Monitoring and Periodic Verification
7.1. Continuous Monitoring and Data Collection
7.2. Periodic Submission of Monitoring Reports
7.3. Periodic Verification
Reporting and Documentation
8.1. Public Disclosure and Transparency
8.2. Documentation of Project Performance
Project Review and Improvement
9.1. Internal Project Review
9.2. Stakeholder Feedback
9.3. Implementation of Improvements
EU ETS Certification Process: Project & Credits
Initial Project Review
1.1. Project Information Collection
1.2. Preliminary Feasibility Analysis
Selection of Certification Standard
6.1. Comparison of Certification Standards
6.2. Suitability Analysis for Project
Risk and Benefit Analysis
7.1. Identification of Project Risks
7.2. Cost-Benefit Analysis
Baseline and Additionality Assessment
2.1. Establishment of Baseline Emissions
2.2. Additionality Analysis
Stakeholder Consultation
5.1. Engagement with Project Stakeholders
5.2. Documentation of Stakeholder Inputs
Recommendation
8.1. Preparation of Assessment Report
8.3. Presentation to Project Developer
Technology and Methodology Evaluation
3.1. Review of Applicable Technologies
3.2. Selection of Relevant Methodologies
Regulatory and Market Analysis
4.1. Review of Regulatory Requirements
4.2. Market Analysis for Carbon Credits
External UN SDG Certification Process (CCB)
Project Planning and Design
1.1. Identify potential impacts on communities and biodiversity
1.2. Develop plans to mitigate negative and enhance positive impacts
1.3. Engage with
CCB Validation
2.1. Select a CCB-approved validator to assess project design
2.2. Submit documentation for validation
2.3. Validator conducts assessment, including site visits
2.4. Address non-conformities
Project Registration
3.1. Submit validated documentation to Verra Registry
3.2. Verra reviews and approves registration
Ongoing Monitoring and Reporting
6.1. Continue monitoring and reporting to Verra
CCB Verification
5.1. Select CCB-approved verifier to assess project impacts
5.2. Submit monitoring reports for verification
5.3. Verifier conducts assessment and issues verification report
Monitoring and Reporting
4.1. Implement monitoring plan for social and biodiversity impacts
4.2. Periodically submit monitoring reports to Verra