ProgramDefinitionsV3.1-2020GLOBALCARBONCOUNCILProgramDefinitions2of16GLOBALCARBONCOUNCILProgramDefinitions3of16Contents1.INTRODUCTION52.DEFINITIONS5GLOBALCARBONCOUNCILProgramDefinitions4of16ACRONYMSACCsApprovedCarbonCreditsCDMCleanDevelopmentmechanismCO2CarbondiOxideCORSIACarbonOffsettingandReductionSchemeforInternationalAviationE+GCCScopeofEnvironmentalNo-HarmERVREmissionReductionVerificationReportsGCCGlobalCarbonCouncilGHGGreenHouseGasesGHG-SSGHGSectoralScopesGHG-TAGHGTechnicalareaGORDGulfOrganisationforResearchandDevelopmentGVGCCVerifierISOInternationalorganizationforStandardizationMENAMiddleEastandNorthAfricaPSFProjectSubmissionFormPVRProjectVerificationReportsS+SocialNo-net-harmLabelSDG+SustainableDevelopmentGoalsVBVerificationBodyGLOBALCARBONCOUNCILProgramDefinitions5of161.Introduction1.TheGlobalCarbonCouncil(GCC)ProgramistheMiddleEast&NorthAfrica(MENA)region’sfirstvoluntaryGHGoffsettingprogramandaninitiativeofGulfOrganisationforResearchandDevelopment(GORD).TheGCCProgramaimstocontributetoavisionofasustainableandlow-carbonworldeconomy.AlthoughtheGCCProgramreceivesGHGemission-reductionprojectsfromtheentireworld,itplacesspecialemphasisonlow-carbondevelopmentintheMENAregion,whichhasremainedlargelyunder-representedincarbonmarkets.TheGCCProgramhelpstocatalyzeclimateactionontheground,whileensuringthatprojectconstructionandoperationscausenonetharmtotheenvironmentandsocietyandcontributetoachievingtheUnitedNationsSustainableDevelopmentGoals,asperhost-countrypriorities.TheGCCProgramiscomprisedoftheentiregovernancestructure,systemandthedocumentationframeworkadoptedtoachievetheseobjectives.12.TheProgramDefinitions(thisdocument)providesthedefinitionsforthetermsusedinGCCProgramdocumentsandshallbereferredtowhileapplyingthosedocuments.23.ThedefinitionsprovidedbyISO14064-2andISO14064-3arealsoapplicableandshallalwaysbeconsideredandreferredto.However,thedefinitionsintherulesandrequirementsoftheGCCProgramshalltakeprecedenceoverthedefinitionscontainedinISO14064-2andISO14064-3.4.Thisdocumenthasbeendevelopedbasedonrequirementsestablishedinsection2.5oftheProgramManual,whichistheoverarchingprogramdocumentthatlinkstogethervariousGCCdocumentscontainingtherulesandrequirementsgoverningtheGCCProgram.5.Thisdocumentisintendedtobeusedbyallstakeholders,includingProjectOwners,GCCVerifiers,theGCCOperationsTeamandtheGCCSteeringCommittee,andshallalwaysbereadinconjunctionwithapplicableGCCdocuments.6.Thisdocumentwillbeupdatedfromtimetotime,andusersshallensurethattheyareusingthemostcurrentversionofthedocument.2.Definitions+7.ApprovedCarbonCreditsorACCsApprovedCarbonCreditsorACCsmeanscarboncreditsissuedbytheGCC,basedonapositiveverificationreportbyaGCCVerifierandapprovalbytheSteeringCommittee.ACCsareheldintheGCCCarbonRegistry.AnACrepresentstherightofanaccountholderinwhoseaccounttheunitisrecordedtoclaimtheachievementofaGHGemissionreductionorremovalinanamountofone(1)metrictonneofCO2equivalent,1GCCdocumentsareavailablehere:www.globalcarboncouncil.com/resource-centre.html2InGCCdocuments,theterms/definitions/acronymsandthefirstletterofeachwordinnamesofregulatorydocumentsarecapitalized(e.g.,theProjectProcess).DefinitionssourcedfromtheGCCProgramFramework.+DefinitionssourcedfromProcedureforApprovalofGCCVerifiers.GLOBALCARBONCOUNCILProgramDefinitions6of16whichhasbeenverifiedbyaGCCVerifierinaccordancewithGCCrules.TherecordingofACCsintheaccountoftheholderintheGCCRegistryisprimafacieevidenceofthatholder'sentitlementtotheACCs.8.ApprovedGHGStandardsTheGCCProgramacceptsGHGmitigationprojectsthatuseGHGstandardsapprovedbytheGCCandpublishedontheGCC´swebsite.InadditiontoprojectsusingGCC-approvedstandards,theGCCProgramacceptsprojectsthatuseGHGmethodologiesandtoolsapprovedbytheCleanDevelopmentMechanism(CDM).9.BaselineEmissionsAnthropogenicGHGemissionsthatwouldtakeplaceinbaselineorbusiness-as-usualscenario,inabsenceofaProjectActivity.10.BaselineandMonitoringMethodologyAGHGstandardthatcontainstheeligibilityrules,projectboundaries,GHGemission-reductionquantificationprocedures,monitoringandreportingproceduresandparameters,etc.foraspecificprojecttype.11.Competence+Competencemeanstheabilitytoapplyknowledgeandskillsin-order-toperformverification/certificationactivitiesinaccordancewithallGCCRulesandrequirements.12.CoverageofGHGSection4oftheGCCProgramFrameworkdefinesthesixtypesofgreenhousegases(GHG)coveredbyGHGProgram.TheseincludeCarbondioxide(CO2),Methane(CH4),Nitrousoxide(N2O),Hydrofluorocarbons(HFCs3),Perfluorocarbons(PFCs),andSulfurhexafluoride(SF6).13.CreditingPeriodThetimeperiodforwhichGHGemissionreductionsgeneratedbyaProjectActivitycanbeclaimed.UndertheGCCProgram,ProjectActivitycreditingperiodsarefixedforamaximumof10yearswithoutpossibilityofrenewal.TherulesregardingthelengthofcreditingperiodsaredescribedintheGCCProjectStandardandassociatedbaselineandmonitoringmethodologies.14.DeemedSavingsFactorAtypeofdefaultenergy-savingfactorusedtoestimatetheGHGemissionreductionsassociatedwithenergysavingsresultingfromanimplementedProjectActivity.15.DefaultFactorAparametervaluethatisspecifiedinamethodologywiththeintentionofpartiallystandardizingthecalculationofnetGHGemissionreductionsandprovidinggreaterconsistencyofcalculationsacrossProjectActivities.3TheGCCProgramatpresentdoesnotacceptHFC-23abatementprojectsforregistration.GLOBALCARBONCOUNCILProgramDefinitions7of1616.DoubleCountingThephenomenonunderwhichasingularGHGemissionreductionunitisutilizedseparatelybytwodifferententitiesorwherethesameGHGemissionreductionisissuedcreditsbytwoormoreGHGProgramsthatareindependentofeachother.17.EmissionReductionsAverifieddecreaseinGHGemissionsresultingfromaProjectActivity,asmeasuredagainstanappropriateestimateofbaselineemissions.18.EmissionReductionVerification+EmissionreductionverificationsareindependentevaluationsofperiodicallymonitoredandreportedGHGemissionreductionsthathaveoccurredasaresultofaregisteredGCCProjectActivityandforwhichaProjectOwnerisintheprocessofapplyingforissuanceofACCsundertheGCCProgram.EmissionreductionverificationsareconductedpriortotheACCIssuancestageofProjectActivitiesbyGCCEmissionReductionVerifiersandinvolveevaluatingProjectActivityMonitoringReportsagainsttherequirementsoftheISO14064-2andISO14064-3standardsandGCCRules,includingtheGCCVerificationStandard,andtheinformationabouttheProjectActivityprovidedintheregisteredGCCProjectSubmissionForm(PSF).GCCEmissionReductionVerifiersconductverificationsandsubmitEmissionReductionVerificationReports(ERVR),toProjectOwnersandtheGCCProgram.AllERVRscontainanEmissionReductionCertificationStatement.EmissionReductionCertificationStatementsessentiallystatethat,duringaspecifiedtimeperiod,theGCCregisteredProjectActivity:(i)hasbeenimplementedaspertheinformationprovidedintheregisteredPSF;and,(ii)hasactuallyachievedthereportedquantityofGHGemissionreductions.Inaddition,dependingupontheProjectOwner’sselectionsinthePSF,theEmissionReductionCertificationStatementmayalsostatethat:(i)theProjectActivityhasimplementedsafeguardsthathaveprovidedprotectionagainstnegativeenvironmentalandsocialimpactsanditmeetstheGCCrequirementsfordemonstratingthatitdoesnotharmtheenvironmentorsocietyandiseligibletobeawardedtheGCCE+and/orS+certificationlabels;and(ii)theProjectActivityhascontributedtotheachievementofoneormoreUnitedNationsSustainableDevelopmentGoalsandiseligibletobeawardedaGCCSDG+certificationlabel(Bronze,Silver,Gold,Platinum,orDiamond),astargetedintheregisteredPSF.19.GlobalCarbonCouncilTheGlobalCarbonCouncil(GCC)wasestablishedbyGulfOrganisationforResearchandDevelopment(GORD).TheGCCisanindependentlegalentitywithitsregisteredofficeinDoha,Qatar20.GlobalCarbonCouncilProgramorGCCProgramTheGlobalCarbonCouncilProgram(GCCProgram)istheMiddleEast&NorthAfrica(MENA)region’sfirstvoluntaryGHGoffsettingprogram.TheGCCProgramaimstocontributetoavisionofasustainableandlow-carbonworldeconomy.AlthoughtheGCCProgramreceivesGHGemission-reductionprojectsfromtheentireworld,itplacesspecialemphasisonlow-carbondevelopmentintheMENAregion,whichhasbeenunder-representedincarbonmarkets.TheGCCProgramhelpstocatalyzeclimateactionontheGLOBALCARBONCOUNCILProgramDefinitions8of16ground,whileensuringthatprojectconstructionandoperationscausenonetharmtotheenvironmentandsocietyandcontributetoachievingtheUnitedNationsSustainableDevelopmentGoals,asperhost-countrypriorities.TheGCCProgramiscomprisedoftheentiregovernancestructure,systemandthedocumentationframeworkadoptedtoachievetheseobjectives.4GCCProgrammeansthegovernancestructure,systems,carbonregistryandthedocumentationframeworktofacilitatethedevelopmentofalow-carboneconomyandsupportclimatemitigationactions(GHG-reductionprojectsandmeasures)byimplementingandoperatingavoluntarycarbonmarketplacethatrecognizes,andfacilitatescarbonfinancefor,GCCProjectActivities.TheGCCOperationsTeaminDoha,QatarservesasSecretariatoftheGCCProgramandworksunderthestrategicadviceoftheGCCAdvisoryBoard.DecisionspertainingtotheregistrationofProjectActivitiesandissuanceofACCsaremadecollectivelybythemembersoftheGCCSteeringCommittee,whichiscomprisedofnominatedandrecognizedexperts,basedonpositiveverificationreportsbyGCCVerifiers.21.GCCProjectOwnerGCCProjectOwner(orProjectOwner)meansthesingleormultiplelegalentity(ies)ororganization(s)thathas(have)overallcontrolofandresponsibilityforaProjectActivity.22.GCCProjectorGCCProjectActivityAGCCProjectorGCCProjectActivityisamitigationactivity,oractivitiesimplementedasadistinctproject,undertheGCCProgram.GCCProjectActivitiesaredescribedinaProjectSubmissionForm.TheimplementationofaGCCProjectActivity,withaspecificsetoftechnologiesand/ormeasuresasspecifiedinabaselineandmonitoringmethodology,alterstheconditionsidentifiedinthebaselinescenarioandresultsinGHGemissionreductions.TherearetwobroadtypesofprojectswhichqualifytoberegisteredasProjectActivitiesundertheGCCProgram.Type-AprojectsareprojectsthatarenotandhavenotpreviouslybeenregisteredunderanyotherGHGProgram.Type-Bprojectsarede-registeredCDMprojectswhoseProjectOwnerswishtoregisterthemundertheGCCProgram.FurtherdetailsabouttheseprojecttypesareprovidedintheGCCProjectStandard.23.GCCProjectSubmissionGCCProjectSubmissionmeansthedocumentssubmittedbyaProjectOwner(s)thatdescribeaproject’sGHGemissionreductionorremovalactivities.GCCProjectSubmissionsshallusetheGCCProjectSubmissionFormtemplate.24.GCCProjectSubmissionFormTheGCCProjectSubmissionForm(PSF)isatemplatepublishedbytheGCCProgramonitswebsite.ThePSFshallbeusedbyProjectOwner(s)tosubmitGHGreductionprojectswhenapplyingforregistrationundertheGCCProgram.4GCCdocumentsareavailablehere:www.globalcarboncouncil.com/resource-centre.htmlGLOBALCARBONCOUNCILProgramDefinitions9of1625.GCCCarbonRegistryGCCCarbonRegistrymeansthesystemcomprisedoftheGCCprojectdatabase,containingdetailsonprojectsandcarboncredits,toprovideProjectOwnerswiththeabilitytorequestissuanceofApprovedCarbonCredit(ACC)unitsfortheirregisteredprojectsandreceive,transfer,holdandretireACCs.GCCCarbonRegistry5isoperatedbythird-partyorganizationIHSMarkit6onbehalfofGCCProgram,andaccessibleviaIHSMarkitonlinewebsite7.GCCProgramisholdingacurrent,validagreementwiththeinternationalregistryserviceproviderIHSMarkit,toprovideCarbonregistryservicesonbehalfoftheGCCProgram.TheGCCCarbonRegistryinteractswiththeGCCprojectdatabasetoissueACCs,andhold,transfer,retire,suspend,cancelandprovidecustodialservicesforACCsonbehalfofitsAccountHolders.ToopenanaccountintheGCConlineCarbonRegistryandbecomeanAccountHolder,ProjectsOwnersshall:submitanonlineapplicationform8foropeninganaccount;complywiththerequisiteKnow-Your-Customer(KYC)checks;andpaytherequisiteone-timeGCCRegistryAccountOpeningFeeandtheAnnualRegistryAccountMaintenanceFee,asperthelatestversionofGCCFeeSchedule.926.GCCRulesGCCRulesmeansthebodyofrulessetoutbytheGCCProgram.GCCRulesformaregulatoryframeworkforachievingcertifiedGHGemissionreductionsandadditionalvoluntarylabels(SDG+,E+,S+,andtheCORSIA-marketeligibilityflag(C+))undertheGCCProgram.GCCRulesincludetheISO14064-2standard,ISO14064-3standard,theGCCProgramFramework,theGCCProgramManual,theGCCProjectStandard,approvedmethodologiesandtools,andtheotherdocumentsreferredtointheGCCDocumentationFramework(refertosection14oftheGCCProgramFrameworkdocument).TheGCCRulesarepubliclyavailableontheGCCwebsite.10Theserulesmaybeupdatedfromtimetotime.27.GCCScopes(GCC-S)+GCCScopes(GCC-S)arethefourbroadscopesoftheGCCProgram:▪GreenhouseGas(GHG)▪EnvironmentalNo-net-harm(E+)▪SocialNo-net-harm(S+)▪SustainableDevelopmentGoals(SDG+)5GCCCarbonRegistrypublicviewwebsite:https://mer.markit.com/br-reg/public/public-view/#/account6GCChascontractedIHSMarkittohostandprovideregistryservicesfortheGCCCarbonRegistry.TheProgramManualprovidesmoreinformationontheGCCCarbonRegistry.7TheGCCCarbonRegistryisaccessibleviatheIHSMarkitwebsite:https://ihsmarkit.com/products/environmental-registry.html8Onlineaccountapplicationform:https://mer.markit.com/br-reg/public/customer-registration.jsp9GCCFeeSchedule:https://www.globalcarboncouncil.com/gcc-fees.html10GCCRules:https://www.globalcarboncouncil.com/resource-centre.htmlGLOBALCARBONCOUNCILProgramDefinitions10of16TheGCCProgramhasclassifiedtheGHGScopeinto16GHGsectoralscopes(GHG-SS).EachGHG-SShasbeenfurtherclassifiedintoatleastoneGHGTechnicalarea(GHG-TA).RefertotheGCCProgramFrameworkandProcedureforApprovalofGCCVerifiers,whichprovidedetailsontheGCC-S,GHG-SSandGHG-TAclassification.TheapprovedGCCandCDMmethodologiesdefinetheGHG-SSunderwhichtheyareapplicable.AnapprovedGCCVerifiershallonlyconductprojectoremission-reductionverificationsundertheGCCProgramforprojectstypesandsectorscorrespondingtothedefinedGCCScopesandGHGSectoralScopes.GCCVerifiersarerequiredtobeapprovedbytheGCCforatleastoneGHG-SStobeeligibletoprovideservicesundertheGCCProgram.28.GCCVerifierAGCCVerifier(GV)orVerificationBody(VB)meansanindividualoranorganizationapprovedbytheGCCProgramtoactasaGCCVerifierandprovideverificationservicesinaccordancewiththeGCCrules.29.GHGSectoralScopes(GHG-SS)+AGHGsectoralscope(GHG-SS)isdefinedasagroupofactivities/measuresandprocessessharingsimilarsourcesofGHGemissionsorremovals.TheGHGScopehasbeenfurtherclassifiedandcoversthefollowing16GHGsectoralscopes(GHG-SS):GHGSectoralScope(GHG-SS#)GHGSectoralScopeTitle111.Energy(renewable/non-renewablesources)2.Energydistribution3.Energydemand4.Manufacturingindustries5.Chemicalindustry6.Construction7.Transport8.Mining/mineralproduction9.Metalproduction10.Fugitiveemissionsfromfuels(solid,oilandgas)11.Fugitiveemissionsfromtheproductionandconsumptionofhalocarbonsandsulfurhexafluoride12.Solventsuse13.Wastehandlinganddisposal11NotethattheGCCProgramdoesnotacceptHFC-23abatementprojectsforregistration.GLOBALCARBONCOUNCILProgramDefinitions11of1614.AfforestationandReforestation1215.Agriculture16.CarbonCaptureandStorageofCO2inGeologicalFormations1330.GHGTechnicalarea(GHG-TA)+AGHGTechnicalAreaisasub-sectorofaGHGsectoralscope(GHG-SS).AGHG-TAisdefinedbyitstechnicalprocesses,applicablemethodologies,monitoringrequirementsand/orenvironmentalimpacts.ForeachGHG-TA,theGCCProgramhasdefinedGHGcompetencyrequirementsoftheGCCVerificationteamandwhichshallbeensuredbytheGCCVerifierwhoappointstheteam.RefertotheProcedureforApprovalofGCCVerifierswhichprovidesdetailsontheclassificationsofGCCScopes,GHG-SSandGHG-TA.31.ImproperACCIssuanceImproperACCIssuancereferstooneormoreunitsofApprovedCarbonCredits(ACCs)beingissuedasresultofgrossnegligence,fraudorwillfulmisconductoftheGCCVerifier.ImproperACCIssuancemaybedeterminedfollowinganissuancereview,inaccordancewiththeProcedureforApprovalofGCCVerifiers.32.ISO+ISOistheInternationalOrganizationforStandardization.WhereISOisfollowedbyanumber,itdenotesaspecificstandardoftheInternationalOrganizationforStandardization.33.Knowledge+Knowledgemeansthetheoreticaland/orpracticalunderstandingofasubject.34.LeakageLeakageisnetchangesinanthropogenicemissionsbyGHGsourcesthatoccuroutsidetheprojectorprogramboundarybutareattributabletotheGCCProjectActivity.35.MaterialityMaterialityistheconceptappliedtodetermineifidentifiederrors,omissionsandmisstatementsininformationregardingaProjectActivitycouldaffecttheProjectActivityGHGassertionandinfluenceGCCregistrationandissuancedecisions.36.MeasureThetermmeasureisusedintheGCCProgramtorefertoanactivityoradecisionwhich,ifimplementedunderaProjectActivity,resultsinGHGemissionreductionsascomparedtothebaselinesituationfortheProjectActivity.Ameasuremayormaynotrequirean12NotethatatpresentundertheGCCProgram,GHGSectoralScopeNo14isnotapplicableforprojectsapplyingforCORSIA-eligiblecarboncredits.13NotethatatpresentundertheGCCProgram,GHGSectoralScopeNo16isnotapplicableforprojectsapplyingforCORSIA-eligiblecarboncredits.GLOBALCARBONCOUNCILProgramDefinitions12of16initialinvestmentand/orrecurringexpenses.Examplesofmeasuresinclude:fuelswitching;feedstockswitching;andadecisiontocontinueimplementinganexistingGHGemission-reductionactivityevenwhendoingsoincurslossesorcreatesimpediments.37.MethodologyThetermmethodologyisusedintheGCCProgramtorefertoabaselineandmonitoringmethodologythathaseitherbeenapprovedinaccordancewiththeGCCMethodologyDevelopmentProcess(see:GCCProgramProcesses)orbytheCDMExecutiveBoard.MethodologiesapplytospecifictypesofGHG-emission-reductionProjectActivitiesandmainlyconsistofproceduresfordeterminingtheprojectboundary,definingabaselinescenario,demonstratingadditionality,calculatingbaselineandprojectemissionsandemissionreductions,anddefiningrequiredmonitoringproceduresaswellasnon-monitoredandmonitoredparameters.AmethodologyalsodefinestherelevantGHGsectoralscopes(s)forwhichitisapplicable,aspertheinternationallyrecognizedscopesdefinedinProcedureforApprovalofGCCVerifiersandintheGCCProgramFramework.38.MethodologyDevelopmentandRevisionProcessThemethodologydevelopmentandrevisionprocessistheprocessthroughwhichnewmethodologiesaredeveloped,revisedandapprovedundertheGCCProgram.39.MonitoringPeriodAmonitoringperiodisthetimeperiodforwhichasetofGHGemissionreductionsgeneratedbyaProjectActivityaremonitoredbytheProjectOwner(s)andverifiedbyaGCCVerifier.40.PositiveListApositivelistisalistofGHG-abatementtechnologiesandmeasures,which,ifimplementedunderaProjectActivity,areautomaticallyeligibletoclaimcarboncreditsundertheGCCProgramwithoutdemonstratingtheiradditionality,providedthatspecificapplicableeligibilitycriteriaarefulfilled.Therearetwotypesofpositivelists:(a)GlobalPositiveList:alistprovidedintheCDMTool3214:MethodologicalTool–PositiveListofTechnologies.(b)RegionalPositiveList:alistthatisdefinedbytheGCCProgramandisapplicabletoaspecificregion.RegionalPositiveListsmaybecreatedfortechnologiesandmeasureswithlimitedpenetrationinaregion,basedonthoroughresearchandanalysisandapplyingcrediblesourcesofinformation.SuchpositivelistsmaybeincludedinapplicableGCCmethodologies.41.ProjectSubmissionFormAProjectSubmissionFormisthedocumentthatdescribesaproject’sGHGemission-reductionactivities.AtemplatethatistobeusedwhenpreparingaProjectSubmissionFormisavailableontheGCCProgramwebsite.14https://cdm.unfccc.int/methodologies/PAmethodologies/tools/am-tool-32-v2.0.pdfGLOBALCARBONCOUNCILProgramDefinitions13of1642.ProjectVerification+ProjectVerificationsareindependentevaluationsofprojectsforwhichaProjectOwnerisintheprocessofapplyingforregistrationundertheGCCProgram.ProjectVerificationsareconductedpriortotheProjectRegistrationStagebyapprovedGCCProjectVerifiersapplyingtherequirementsoftheISO14064-2andISO14064-3standardsandGCCRules,includingtheVerificationStandard,andonthebasisoftheinformationabouttheprojectprovidedintheGCCProjectSubmissionForm.GCCProjectVerifiersconductverificationsandsubmitProjectVerificationReports(PVR)toProjectOwnersandtheGCCProgram.AllPVRscontainaProjectCertificationStatement.ProjectCertificationStatementsessentiallystatethattheproject:(i)complieswithGCCRulesandprocedures;and,(ii)isexpectedtoachievethequantityofreal,measurableandadditionalGHGemissionreductionsestimatedinthePSF.Inaddition,dependingupontheProjectOwner’sselectionsinthePSF,theProjectCertificationStatementmayalsostatethat:(i)theProjectOwnerhascommittedtoimplementingsafeguardsthatareexpectedtoprovideprotectionagainstnegativeenvironmentalandsocialimpactsandthattheprojectisexpectedtomeetGCCrequirementsfordemonstratingthatitdoesnotharmtheenvironmentorsocietyandtherebybeeligibletobeawardedtheGCCE+and/orS+certificationlabels;and(ii)theprojectisexpectedtocontributetotheachievementofoneormoreUnitedNationsSustainableDevelopmentGoals,preferablythoseprioritizedbythehostcountry,andtherebybeeligibletobeawardedaGCCSDG+certificationlabel(Bronze,Silver,Gold,Platinum,orDiamond),ascommittedtovoluntarilyinthePSF.43.RegistryAccountholder+ARegistryAccountholderisalegalholderofanaccountintheGCCCarbonRegistryoperatedbyIHSMarkitonbehalfoftheGCCProgram.44.Skill+Skillmeanstocarryoutinpracticeortodo.45.SubmittedThetermsubmittedisusedintheGCCProgramtorefertoaspecificstatusofaprojectthataProjectOwner(s)wishestoregisterasaProjectActivityundertheGCCProgram.AnapplicationforregistrationofaprojectisconsideredsubmittedtotheGCCProgramwhenalloftheappropriatedocumentshavebeencompletedandsubmittedviatheGCCwebsiteaspertherequirementsintheProgramProcess.46.TechnicalReview(TR)+ATechnicalReviewisanassessmentofaverification/certificationopinionandverification/certificationreportthatisconductedindependentlyfromtheVerifier’sverificationteamthatpreparedtheopinionandreport,inordertoensurethattheverification/certificationhasbeenconductedinaccordancewithallapplicableGCCverification/certificationrequirements.GLOBALCARBONCOUNCILProgramDefinitions14of1647.VerificationBodyAverificationbodyisanorganizationorindividual,alsocalledasGCCVerifier,approvedbyGCCProgramtoactasaverificationbodyforprovidingprojectverificationandemissionreductionverificationservicesinaccordancewiththeGCCrules.48.VerificationServices+VerificationServicesaretheservicesprovidedbyaGCCVerifierwhenconductingaProjectVerificationoranEmissionReductionVerification,aspertheVerificationStandard,ProgramProcesses,andProcedureforApprovalofGCCVerifiers.GLOBALCARBONCOUNCILProgramDefinitions15of1615SeeICAOrecommendationforconditionalapprovaloftheGCCathttps://www.icao.int/environmental-protection/CORSIA/Documents/TAB/Excerpt_TAB_Report_Jan_2020_final.pdfVersionDateCommentV3.131/12/2020▪ThenameofGCCProgram’semissionunitshasbeenchangedfrom“ApprovedCarbonReductions”orACRsto“ApprovedCarbonCredits”orACCs.V3.012/08/2020▪RevisedversionreleasedonapprovalbytheSteeringCommitteeaspertheGCCProgramProcesses.▪Therevisedversioncontainsthefollowingchanges:oChangeofnamefromtheGlobalCarbonTrust(GCT)totheGlobalCarbonCouncil(GCC);oConsideredandaddressedcommentsraisedbytheSteeringCommittee:➢duringthephysicalmeeting(SCM01,dated29Oct2019,DohaQatar);and➢electronicconsultationsEC01-Round01(15.09.2019–25.09.2019),EC01-Round02(27.03.2020–27.06.2020).➢electronicconsultationsEC01-Round03(08.08.2020-16.08.2020).▪FeedbackfromtheTechnicalAdvisoryBoard(TAB)ofICAOonGCCsubmissionsforapprovalunderCORSIA15.V2.025/06/2019▪RevisedversionreleasedforapprovalbytheGCCSteeringCommittee.▪Thisversioncontainsdetailsandinformationtobeprovided,consequenttothelatestworldwidedevelopments(e.g.,CORSIAEUC).V1.001/11/2016▪InitialversionreleasedforapprovalbytheGCCSteeringCommitteeundertheGCCProgramVersion1DocumentHistoryGLOBALCARBONCOUNCILProgramDefinitions16of16