ProjectStandardV3.1-2020GlobalCarbonCouncilProjectStandard2of34GlobalCarbonCouncilProjectStandard3of34Contents1INTRODUCTION62PURPOSE73PRINCIPLES84PROJECTTYPES95GENERALPROJECTELIGIBILITYCRITERIA115.1COMMONELIGIBILITYCRITERIAFORALLPROJECTTYPES115.2SPECIFICELIGIBILITYCRITERIAFORTYPEAPROJECTS125.3SPECIFICELIGIBILITYCRITERIAFORTYPEBPROJECTS126GENERICANDSPECIFICREQUIREMENTS136.1GENERICREQUIREMENTSRELATEDTOAPPLICABLERULES136.2GENERICREQUIREMENTSRELATEDTODESIGNINGPROJECTACTIVITIES136.3GENERICREQUIREMENTSRELATEDTOIMPLEMENTINGANDMONITORINGPROJECTACTIVITIES156.4SPECIFICREQUIREMENTSRELATEDTODESIGNOFPROJECTACTIVITY156.4.1PROJECTDESCRIPTION156.4.2PROJECTOWNERSHIP156.4.3PROJECTSTARTDATE156.4.4PROJECTCREDITINGPERIOD156.4.5PROJECTSCALE166.4.6PROJECTLOCATION166.4.7PROJECTBOUNDARY166.4.8PROJECTADDITIONALITY166.4.9BASELINESCENARIOSFORGCCPROJECTS186.4.10PROJECTEMISSIONREDUCTIONS186.4.11PROJECTMONITORING186.4.12PROJECTRECORDSANDINFORMATION186.5SPECIFICREQUIREMENTSFORPROJECTIMPLEMENTATIONANDMONITORING186.5.1DESCRIPTIONOFIMPLEMENTEDREGISTEREDPROJECTACTIVITY196.5.2DESCRIPTIONOFMONITORINGSYSTEM196.5.3CALCULATINGEMISSIONREDUCTIONSORNETANTHROPOGENICREMOVALS21APPENDIX1:MAPPINGGCCPROJECTREQUIREMENTS22APPENDIX2:EXAMPLEILLUSTRATIONOFPROJECTTYPESA&B24GlobalCarbonCouncilProjectStandard4of34GlobalCarbonCouncilProjectStandard5of34ACRONYMSACCsApprovedCarbonCreditsCDMCleanDevelopmentMechanismCORSIACarbonOffsettingandReductionSchemeforInternationalAviationCPCreditingPeriodE+EnvironmentalNo-net-harmLabelGCCGlobalCarbonCouncilGHGGreenhouseGasGORDGulfOrganisationforResearchandDevelopmentGSCGlobalStakeholderConsultationGWPGlobalWarmingPotentialIPCCIntergovernmentalPanelonClimateChangeISOInternationalOrganizationforStandardizationMENAMiddleEastandNorthAfricaMRMonitoringReportPDDProjectDesignDocumentPSFProjectSubmissionFormS+SocialNo-net-harmLabelSDG+UnitedNationsSustainableDevelopmentGoalsLabelUNFCCCUnitedNationsFrameworkConventiononClimateChangeUNSDGsUnitedNationsSustainableDevelopmentGoalsGlobalCarbonCouncilProjectStandard6of341Introduction1.TheGlobalCarbonCouncil(GCC)ProgramistheMiddleEast&NorthAfrica(MENA)region’sfirstvoluntarycarbonoffsettingprogramandaninitiativeofGulfOrganizationforResearchandDevelopment(GORD).ThevoluntaryGHGoffsettingprogramdevelopedbyGCC1,aregisteredindependentlegalentity,iscalledas‘GCCProgram’,whichaimstocontributetoavisionofasustainableandlow-carbonworldeconomy.TheGCCProgramreceivesGHGemission-reductionprojectsfromtheentireworld,althoughithasplacesspecialemphasisonlow-carbondevelopmentintheMENAregion,whichhaslargelyremainedunder-representedincarbonmarkets.TheGCCProgramhelptocatalyseclimateactionontheground,whileensuringthatprojectconstructionandoperationscauseanynet-harmtotheenvironmentandsocietyandcontributetotheUnitedNationsSustainableDevelopmentGoalsasperhost-country’priorities.TheGCCProgramiscomprisedoftheentiregovernancestructure,systemandthedocumentationframeworktoachievethisobjective.2.ThegenericconsiderationsoftheGCCProgramaremostlybasedonInternationalStandardsISO14064-2andISO14064-3,whereastheGCCRulesdefinespecificrequirements.TheGCCProgramprovidesaglobalplatformforGHGemissionreductionswithanintegratedGCCregistrationandissuanceprocesstoensurethatGCCProjectActivities:(a)ataminimum:resultinGHGemissionreductionsthatareadditionaltothosethatwouldhaveoccurredintheirabsence;applyGCCRules,2includingtheProjectStandardandapplicablemethodologies;andenabletheProjectOwnerstodemonstratethisachievementbyobtainingtheGCCcarboncreditscertificationlabel—ApprovedCarbonCreditsorACCs.(b)donotcauseanynetharmtotheenvironmentandsociety,byapplyingtheGCCEnvironmentalandSocialSafeguardsStandard,andenableProjectOwnerstodemonstratethisachievementbyobtainingadditionalGCCcertificationlabels:(i)theEnvironmentalNo-net-harmLabel(E+);and(ii)theSocialNo-net-harmLabel(S+).(c)contributetoachievingtheUnitedNationsSustainableDevelopmentGoals(SDGs),byapplyingtheGCCProjectSustainabilityStandard,andenableProjectOwners–dependingonthenumberofSDGsthattheprojectcontributesto–todemonstratethisachievementbyobtainingadditionalGCCcertificationlabels:(i)theBronzeSDG+label(Level1):byachieving2outof17SDGs(ii)theSilverSDG+label(Level2):byachieving3outof17SDGs1TheGCCProgramisoperatedonbehalfofGCCSteeringCommitteebyGCCOperationsTeam.Anysubmissionto‘GCC’or‘GCCProgram’shallbeconsideredtobesubmittedto‘GCCOperationsTeam’,whichcanbecontactedatoperations@globalcarboncouncil.com.GCCdocumentsareavailableonwebsite:www.globalcarboncouncil.com/resource-centre.html2“GCCRules”meanstherulesandrequirementssetoutbytheGCCProgramrelatedtoGHGemissionreductions,SDGcontributions,Do-no-net-harmonEnvironmentandSocietyrequirements,andcertificationbasedonGCCProgramdocumentsincludingISO14064-2,ISO14064-3,theGCCProgramFramework,theGCCProgramManual,applicablemethodologiesandTools,andtheotherdocumentsmentionedinGCCProgramFrameworkandavailableontheGCCpublicwebsitehttps://www.globalcarboncouncil.com/gcc-framework.html.GlobalCarbonCouncilProjectStandard7of34(iii)theGoldSDG+label(Level3):byachieving4outof17SDGs(iv)thePlatinumSDG+label(Level4):byachieving5outof17SDGsor(v)theDiamondSDG+label(Level5):byachievingmorethan5outof17SDGs3.Theprocessstipulatedin:(a)Paragraph2(a)aboveismandatoryandtheGCCProjectActivityshallataminimumreduceGHGemissions–thisiscalledtheminimumperformancetrack;and(b)Paragraph2(a)and(c)abovearevoluntary–thesearecalledtheratedperformancetrack.4.ForallProjectActivities,theProjectOwnersshallidentifytheprojectType(TypesA1,A2,B1orB2),aspersection4below,andcompletetheProjectSubmissionForm(PSF),clearlyidentifyingtherequirementsincludingthecertificationlabelsand/ormarketeligibility(e.g.,CORSIA)theytarget.ThechoicemadebytheProjectOwnersinthePSF(includingonthecoverpage)shallbecomeapackageofrequirementsagainstwhichtheGHGVerifier,theGCCOperationsTeamandtheSteeringCommitteeshallassessandevaluatetheprojectthroughouttheprojectcycle.TheGCCOperationsTeamcanbecontactedatoperations@globalcarboncouncil.com5.ProjectOwnersshallindicatetheirchoiceex-anteinthePSFandreflectitintheMonitoringReport,whichshallbeverifiedbyapprovedGCCVerifiersatboththeProjectVerificationandtheEmissionReductionVerificationstagesoftheprojectcycle.6.Thisstandardhasbeendevelopedbasedontherequirementsofsection3oftheProgramManual,3whichistheoverarchingprogramdocumentthatprovideslinkstovariousGCCdocumentscontainingtherulesandrequirementsgoverningtheGCCProgram.7.TheProgramDefinitionsdocumentprovidesdefinitionsoftheterms4usedinthisdocumentandshallbereferredtowhenapplyingtheProgramStandard(thisdocument).8.TherequirementsstipulatedintheProgramManualandtheVerificationStandardshallalsoapplytoProjectOwnersandtoGCCVerifiers,toensureconformancewhenapplyingtheProgramStandard.2Purpose9.ThepurposeoftheProjectStandardisto:(a)EnsurethatdocumentationpreparedbyProjectOwnersandsubmittedtotheGCCProgramthroughouttheprojectcycleisofhighquality;and(b)DescribethespecificrequirementsapplicabletoProjectOwnerswhointendtodevelopGCCProjectstoreduceGHGemissionsandtosubmitrequestsforregistrationand3GCCdocumentsavailableonwebsite:www.globalcarboncouncil.com/resource-centre.html4WhileusinganyGCCdocument,theterms/definitions/acronymsandthenamesoftheregulatorydocumentsreferredhavetheirfirstlettercapitalized(e.g.,theProjectStandard).GlobalCarbonCouncilProjectStandard8of34issuanceofcarboncredits(ApprovedCarbonCreditsorACCs)undertheGCCProgramaswellasapplicationsforadditionalcertificationlabels(SDG+andE+/S+).53Principles10.Inaddition,totheprinciplesdefinedbyISO14064-2,thefollowingprinciplesguidethedesignandimplementationofGCCProjectActivitiesandthemonitoringofGHGemissionreductionsornetanthropogenicGHGremovals,withtheaimofensuringtheenvironmentalintegrityofGCCprojectactivities.(a)Additional:TheProjectOwnersshalldemonstratethatanthropogenicGHGemissionsarelessthanthosethatwouldhaveoccurredintheabsenceoftheProjectActivity.(b)AvoidanceofDoubleCounting:TheProjectOwnersshallensurethattheGHGemissionreductionsgeneratedbytheGCCprojectactivityarenotappliedmorethanoncetowardanyemission-reductiontargetorinmorethanoneemissionsinventory.(c)IndependentlyAudited:AllGHGemissionreductionsresultingfromGCCprojectsshallbeverifiedbyanindependentauditor–unlessexemptionsareprovidedbytheGCCRules(e.g.,forprojecttypeB2)–withtheexpertisenecessarytounderstandthecontextofboththecountryandthesectorinwhichtheprojectisimplemented,withanaimtoprovideareasonablelevelofassurancetotheGCCProgramthattheyarecredible.AlloftherequirementsestablishedintheapplicableversionofISO14064-3shallbecompliedwith.(d)Compliancewithlegalrequirements:TheOwnersofGHGemission-reductionprojectsshalldemonstratethattheycomplywithallapplicablehost-countrylegalrequirements6,withcompliancefocusedatprojectlevelscope.(e)Legallybinding:GHGemission-reductionprojectsthatareimplementedastheresultofanenforcedlegalmandate(governmentregulation,law)cannotbesubmittedtotheGCCasemission-reductionprojects.(f)Quantifiableemissionreductions:AllGHGemissionreductionsshallbequantifiableusingrecognizedmeasurementtools(includingadjustmentsforuncertaintyandleakage)againstacredibleemissionsbaseline.(g)PermanentEmissionReductions:WhereGHGemissionreductionsaregeneratedbyprojectsthatcarryariskofreversibility,adequatesafeguardsshallbeinplacetoensurethattheriskofreversalisminimizedandthat,shouldanyreversaloccur,theequivalentamountofemissionreductionsshallbereplacedorcompensatedbytheProjectOwner5TheothervoluntaryrequirementsrelatedtoadditionalcertificationlabelsoncontributiontoSDGs(SDG+),do-no-net-harmtoEnvironment(E+)andSociety(S+),HostCountryAttestationsonDoubleCountingforCORSIAarecontainedinseparateGCCdocumentsavailableontheGCCwebsiteandshallbereferredto.6Thelegalrequirementsinclude:demonstrationoftheProjectOwnertobetheregisteredlegalentityinthehostcountry(e.g.,factoryorplantorprojectlicences);approvalfromtheenvironmentalauthority(e.g.,consentstoestablish,consenttooperate,etc);approvalfromthehealthandsafetyauthority(e.g.,boilersafetycertificate,safetyapprovals,etc.);electricityapprovals,etc.).GlobalCarbonCouncilProjectStandard9of34or/andtheGCCVerifierasperthetermsandconditionsandtheliabilityprovisionsstipulatedintheGCCVerifieragreement.(h)Real:TheProjectOwners,inordertoensurerealemissionreductions,shallprovethattheirGHGemission-reductionprojectshavebeendesigned,implemented,andmonitoredaccordingtotheregisteredprojectdocumentationapprovedbytheGCCProgramandasrequiredbytheProgramProcess.(i)Transparency:TheProjectOwnersshalldisclosesufficientandappropriateProjectActivity-relatedinformationinatruthfulmannertoallowtheintendedusers7tomakedecisionswithreasonableconfidence.Inordertomakedecisionsonprojectregistrationandapproval,andmethodologyapprovalwithreasonableconfidence,theGCCProgramrequiresthatproject-andmethodology-relateddata/informationbetakenfromcrediblesourcesandmadetransparentlyavailabletopublicstakeholdersforcomments.TheGCCProgramshallnotdiscloseproprietaryorconfidentialinformationmarkedassuchbyProjectOwners,withoutthewrittenconsentoftheprovideroftheinformation,exceptasrequiredbynational/regionallawandGCCrules.Inthiscontext,informationusedtodeterminetheadditionalityoftheprojectactivity,thedescriptionofthebaselinemethodologyanditsapplication,andinformationsupportingUNSDGcontributions,environmentalandsocialimpactanddo-no-net-harmassessmentstudies,andissuesrelatedtoenvironmentalintegrityanddoublecountingshallnotbeconsideredasproprietaryorconfidential.4ProjectTypes11.Thissectiondefinestwobroadtypesofprojects(TypeAandTypeB)thatareeligibleundertheGCCProgram.Bothprojecttypesarerequiredtohavestartedoperationsonorafter1January2016.8(a)TypeA:TheseincludeprojectsthatarenotregisteredunderanyGHGProgram,includingtheCDM.9TosubmitsuchtypeofprojectstotheGCCProgram,theProjectOwnersshallrefertotheProgramProcessandfollowtheentireprojectcycleforregistrationandissuanceofACCs:(i)TypeA1:Thestartdateofoperations10forsuchGCCprojectsshallbeonorafter5July202011andafterthedateofsubmissionofacompleteregistrationrequesttotheGCCProgram.ThestartdateoftheCreditingPeriodofsuchGCCProject7IntendedusersincludeProjectOwners,GCCVerifiers,theGCCAdvisoryBoardandGCCSteeringCommittee,theGCCOperationsteam,theGCCRegistry/IHSMarkit,nationalauthoritiesandlocalandotherstakeholders.8CORSIApilotphasevintageeligibilitycriteriarequirethatfirstcreditingperiodofProjectmuststartonorafter1January2016.TheGCCProgramalsostartedon1Jan2016.9SomeprojectsmayhavesubmittedanewCDMmethodologyoritsrevision,oraCDMprior-considerationform,orstartedCDMglobalstakeholderconsultationorCDMvalidationprocesses,butnotbeenregistered.10AspertheGCCrules,thestartdateofoperationsoftheGCCProjectActivityistheearliestdatewhenemissionreductionsaregeneratedbytheProject.11ThedateofapprovalofthisdocumentbytheGCCSteeringCommitteeis5July2020.GlobalCarbonCouncilProjectStandard10of34Activitiesshallbeonorafter5July202012butnotmorethanoneyear13afterthestartdateoftheoperationsoftheGCCProjectActivity.(ii)TypeA2:Thesetypesofprojectsareprompt-startandhadalreadystartedtheiroperationsasof5July2020.14Theirstartdateofoperationsshallbeafter1January2016butbefore5July2022.15ThesetypesofprojectsshallsubmitcompleteregistrationrequeststotheGCCProgramnolaterthan5July2022.16ThestartdateoftheCreditingPeriodforsuchGCCProjectActivitiesshallbeonorafter1Jan2016butnotmorethanoneyear17afterthestartdateoftheoperationsoftheGCCProjectActivity.(b)TypeB:Theseprojectsincludeallde-registeredCDMprojectswhoseProjectOwners(orProjectParticipantsaspertheCDMGlossaryofTerms)wishtoregisterthemwiththeGCC.ThestartdateoftheCreditingPeriodofsuchGCCprojectsshallbeafter1Jan2016andthesameasthatstipulatedintheregisteredCDMProjectDesignDocument(asuploadedontheUNFCCCwebsite).SuchprojectshavepreviouslybeenregisteredundertheCDM,whichimpliesthattheyhavedemonstratedcompliancewithCDMrequirementsandGCCRulesrelatedtoGHGemissionreductions(includingCDMmethodology,globalstakeholderconsultation(GSC),localstakeholderconsultation(LSC),Additionality,andEnvironmentalimpacts).Forsuchde-registeredCDMprojects,ACCscanonlybeissuedbyGCCProgramafterde-registrationwiththeCDMandfortheremainingCreditingPeriodforwhichCERshavenotbeenissuedbytheUNFCCCCDMExecutiveBoard,subjecttoaceilingofthe10-yearcreditingperiodthatisallowedundertheGCCProgram.TheprojecttypeBisclassifiedintotwosub-types(B1andB2)dependingonwhetherornottheProjectOwnerswishtoapplyforadditionallabels(SDG+,E+andS+andthemarketeligibilityflag(e.g.,CORSIA)).ForsubmittingsuchprojectstotheGCC,theProjectOwnersshallfollowtheprojectcycle,asstipulatedinsections3.1and3.2oftheProgramProcess,foreachprojecttype(B1orB2).(i)TypeB1-WithAdditionallabels:Bydefault,suchprojectscomplywiththeGCCRulesrelatedtoGHGemissionreductions.Therefore,theyarenotrequiredtoconduct/repeatprocessesalreadyconductedunderCDMregistrationrelatedtodemonstrationofGHGemissionreductions.TheProjectOwnersshallberequiredtodemonstratecompliancewithrequirementsforregistrationwithadditionallabels(SDG+,E+andS+)andthemarketeligibilityflag(e.g.CORSIA),iftheychoosetodoso.Forsuchprojects,theProjectVerificationbyanapprovedGCCVerifierisonlyrequiredforverifyingthegapsandpartoftheadditional12Seefootnote1113Incaseofdelaybymorethanoneyear,the10-yearcreditingperiodshallbereducedbythelengthoftheperiodofthedelay.14Seefootnote1115Within2yearsafter5July2020,whichisthedateofapprovalofthisdocumentbytheGCCSteeringCommittee.16TheGCCProgramstartedin2016,theregulatorydocumentswerefinalizedinmid-2019andenteredintoforceaftermid-2019.Therefore,typeA2projects,whichareprompt-startprojectsandhadstartedoperationsearlier(after1January2016)andhadconsideredGCCProgramandACCsasessentialcomponent,couldnotsubmitregistrationrequeststotheGCCProgramsuntiltheregulatorydocumentsandGCCRuleswereavailable.Therefore,typeA2projectshavebeenallowedtosubmitcompleteregistrationrequestsuptotwoyearsaftertheapprovaloftheProjectStandard(thisdocument).Seefootnote15.17Seefootnote13GlobalCarbonCouncilProjectStandard11of34informationintheProjectSubmissionFormonadditionallabelsandanyotherinformationnotcoveredintheCDMValidationReport.ForsectionsrelatedtoGHGemissions,theCDMValidationReportaspartofCDMregisteredprojectdocumentsshallbereferredto.Forthistypeofprojects,theProjectOwnersshallsubmitthePSFtotheGCCtodemonstratehowtheycomplywiththeregistrationrequirementsasrequiredbytheproceduresinsection3.1oftheProgramProcess.(ii)TypeB2-WithoutAdditionallabels:ProjectOwnerswhodonotwishtoapplyforadditionallabelsfortheirprojectcomplybydefaultwiththeGCCRulesrelatedtoGHGemissionreductionsandthereforeareeligibleforsomeexemptionsintheGCCregistrationapplicationprocess,asstipulatedundersection3.1oftheProgramProcess.Suchprojectsare,in-principle,registeredundertheGCCbydefaultandarenotrequiredtoconduct/repeatprocessesalreadyconductedunderCDMregistration.OwnersofsuchprojectscandirectlysubmitregistrationrequeststotheGCCbasedontheregistrationdocumentsapprovedbytheCDMExecutiveBoard,includingtheCDMProjectDesignDocument(PDD)andtheCDMValidationReport.Forsuchprojects,GCCProjectVerificationisnotrequiredasthereisnoadditionalinformationinthePSFregardingGHGemissionreductionsthatisnotcoveredbytheCDMValidationReport.Fortheseprojects,theCDMValidationReportshallbesubmittedinsteadoftheGCCProjectVerificationreport.Forsuchprojects,theProjectOwnersshallsubmittheprojectdocumentationtotheGCCtodemonstratehowtheycomplywiththeregistrationrequirementsrelatedtoGHGemissionreductions,asrequiredbytheproceduresinsection3.1.4oftheProgramProcess.12.Table1ofAPPENDIX2providesacomparisonoftypesofprojectsthatareeligibleforregistrationundertheGCCProgram.5GeneralProjectEligibilitycriteria13.Priortodevelopingaproject–beforeselectinganapplicableCDMorGCCBaselineandMonitoringMethodology–ProjectOwnersshallfirstconfirmthattheProjectActivityiseligibletoberegisteredundertheGCCProgram.Basedonpositiveresultsofaneligibilitytest,theProjectOwnershallprepareprojectdocumentationapplyingGCC’sProjectSubmissionForm(PSF).5.1CommonEligibilityCriteriaforAllProjectTypes14.ToconfirmeligibilityforregistrationundertheGCCProgram,forbothprojectTypesAandB,priortosubmittingprojectdocumentstotheGCCforconductingaGlobalStakeholderConsultation(GSC),theProjectOwnershalldemonstratethattheGHGemission-reductionproject:(a)ComplieswiththeeligibilityrequirementsofoneoftheprojecttypesallowedundertheGCC,asstipulatedinsection44above;(b)Hasstartedoperations,andbegungeneratingemissionreductions,after1January2016;GlobalCarbonCouncilProjectStandard12of34(c)ComplieswiththeGCCRulesrelatedto:(i)GHGemissionreductions(mandatoryrequirement);(ii)ContributionstotheUNSDGs(SDG+label)(voluntaryrequirementforselection,butmandatoryifselected);(iii)Do-no-net-harmEnvironmentalrequirements(E+label)(voluntaryrequirementforselection,butmandatoryifselected);(iv)Do-no-net-harmrequirementsforSociety(S+label)(voluntaryrequirementforselection,butmandatoryofselected);and(v)SubmissionofHostCountryAttestationonDoubleCountingasandwhenrequiredbyCORSIA(mandatoryrequirementforprojectsthatintendtouseACCsforCORSIA).15.ProjectOwnersplanningtouseACCsforthepilotphaseofCORSIA18areeligibletoapplyunderprojecttypesA1,A2andB1,andcanberegisteredundertheGCCProgramprovidedthattheymeetalloftheGCCRulesandcriteriaforCORSIA.5.2SpecificEligibilityCriteriaforTypeAProjects16.ForTypeAprojects(bothA1andA2),asstipulatedinsection44above,theProjectOwnershalldemonstratethattheProjectActivity:(a)Isnotrequiredbyalegalmandateanddoesnotimplementalegallyenforcedmandate(governmentregulationorlaw);(b)Complieswithallapplicablehost-countrylegalrequirements19withcompliancefocusedatprojectlevelscope.TheProjectOwnersshallensurecompliancewithlegalrequirementsbydemonstratingthattheprojecthaseitheracquiredthenecessarylicensesfortheirimplementationandoperationorprovideanundertakingthattheseapprovalsandthelicensesareunderprocessandshallbeavailablepriortostartofcommercialoperationsoftheproject;(c)Deliversreal,measurableandadditionalemissionreductionscomparedtoitsbaseline;and(d)AppliesanapprovedCDMorGCCBaselineandMonitoringMethodology.5.3SpecificEligibilityCriteriaforTypeBProjects17.ThespecificeligibilitycriteriaforTypeBprojects,asstipulatedinsection44above,are:(a)TypeB1-WithAdditionallabels:TheProjectOwnersshalldemonstratecompliancewithregistrationrequirements,aspertheProgramProcess,withadditionallabels(SDG+,E+andS+)andthemarketeligibilityflag(e.g.,CORSIA),asperparagraph14(c).(b)TypeB2-WithoutAdditionallabels:ComplybydefaultwiththeGCCRulesrelatedtoGHGemissionreductionsasstipulatedinparagraph14(c)((i)).Forsuchprojecttype,theProjectOwnersdonotrequiretoconductGSC,butshalldirectlysubmitregistration18Refertofootnote8.19Refertofootnote6GlobalCarbonCouncilProjectStandard13of34requeststotheGCCProgrambasedontheirCDMRegistrationaspertheProgramProcess.18.TheProjectverificationbyanapprovedGCCVerifierisrequiredforTypeB1projectsbutisnotrequiredforTypeB2projects.6GenericandSpecificRequirements19.Clause1ofISO14064-2stipulatesthattheGCCProgramrequirementsareadditionaltotheISO14064requirements.ThegenericrequirementsoftheGCCProgramarebasedonInternationalStandardISO14064-2andISO14064-3,whereasthespecificmandatoryrequirementsoftheGCCProgramarestipulatedintheProjectStandard(thisdocument)andrespectiveCDM/GCCmethodologies.TherequirementsintheProjectStandardprovidespecificmandatoryrequirementsfordevelopingGCCprojectsandfocusprimarilyontheProjectOwners.20.TheProjectOwnersshallrefertoAPPENDIX1,whichlinkstheGCCrulesandrequirementsforprojectdevelopment,implementationandmonitoringwithISO14064-2requirements.21.TheProjectOwnershallconsiderthefollowingcriteriawhenapplyingGCCrulesandrequirements:(c)Asrequiredbyclause1ofISO14064-2,therulesandrequirementsoftheGCCProgramshalltakeprecedenceincaseswhereISO14064-2requirementsprohibitaProjectOwnerfromcomplyingwithaGCCProgramrequirement;and(d)TheprioritizationofvariousrulesandrequirementswithintheGCCProgramshallbehandledasperthehierarchyofdocumentsstipulatedintheGCCProgramFramework.6.1GenericRequirementsRelatedtoApplicableRules22.ProjectOwnersshallensurethattheproposeGCCProjectActivitiescomplywithallofthemostrecentGCCrulesandrequirementsapplicabletotheProjectActivityatallstagesoftheprojectcycle,includingProjectActivitydesign,implementation,monitoringuntilrequestforissuanceofACCs.23.WhereexternaldocumentsarereferencedintheapplicableGCCregulatorydocuments,themostrecentversionofthedocumentshallbeused.24.NewrequirementsintheGCCregulatorydocumentsshallnotbeappliedretroactivelytoregisteredprojects.6.2GenericRequirementsRelatedtoDesigningProjectActivities25.WhendesigningaGCCProjectActivity,theProjectOwnersshallconsiderandapplythelatestversionsoftheProjectStandard(thisdocument)andapplicableregulatorydocumentsreferencedintheProjectStandard,includingtheProjectSubmissionForm(PSF),asadoptedbytheGCCProgramandavailableatthetimeofuploadingtheprojectdocumentationforGlobalStakeholderConsultation(GSC)oftheProjectSubmission,asrequiredbytheProgramProcess.26.UnderGCCRules,anyProjectOwnerseekingtodesignaGCCProjectActivityshallapplythelatestversionsofeitheraGCCapprovedmethodologyormethodologiesandtoolsGlobalCarbonCouncilProjectStandard14of34approvedunderUNFCCC’sCleanDevelopmentMechanism,availableatthetimeofsubmissionofprojectdocumentstotheGCC,asrequiredbytheProgramProcess,forconductingaGlobalStakeholderConsultation(GSC).Indoingso,theBaselineandMonitoringMethodologiesshallbeappliedinfull,includingthefullapplicationofanytoolsorguidancereferredtobyamethodology.TheProjectOwnersshallcomplywiththegraceperiodofthemethodologies,asapplicable.TheCDMmethodologiescarryagraceperiodof240days(referCDM/UNFCCCwebsite)whileGCCmethodologiescarryagraceperiodof30days(referProgramProcess).TheProjectshallalsocomplywiththeCDMRulesforapplyingsmall-orlarge-scalemethodologies,includingthoseregardingemission-reductionthresholds.27.IftheCDMorGCCBaselineandMonitoringMethodologydoesnotfitthespecificprojectordoesnotexist,theProjectOwnersshallinformtheGCCOperationsTeam.TheGCCOperationsTeam,onbehalfoftheGCCProgram,shalldevelopsimplifiedanduser-friendlyBaselineandMonitoringMethodologiesforprojectsonacase-by-casebasisasperthedemandsandprioritiesoftheProgram.Wherenecessary,theGCCProgramshalldeveloprevisionstoGCCmethodologiesincollaborationwithProjectOwnersandseekapprovaloftheSteeringCommitteebeforeaProjectOwnercanusetherevisedmethodology.AllnewandrevisedmethodologiesshallbeapprovedbytheGCCSteeringCommittee.28.ProjectOwnersshallapplyGlobalWarmingPotentials(GWPs)asstipulatedbelow:(a)Projectdevelopmentstage:(i)FortypeAprojects,usetheGWPasstipulatedinthelatestversionoftheIPCCGuidelinesavailableatthetimeofsubmissionofprojectdocumentstotheGCCforconductingaGlobalStakeholderConsultation.ThisrequirementshallapplynotwithstandinganyGWPsstipulatedintheCDMmethodologyandmethodologicaltoolsthatareappliedinrelationtothespecificProjectActivity;and(ii)FortypeBprojects,usetheGWPasstipulatedintheregisteredProjectSubmissionForm,whichappliesthesameGWPasstipulatedintheCDMPDDtocalculatetheGHGemissionreductionsornetanthropogenicGHGremovalsachievedbytheGCCProjectActivity.(b)ImplementationandMonitoringStage:FortypeAandBprojects,usetheGWPasstipulatedintheregisteredProjectSubmissionFormtocalculatetheGHGemissionreductionsornetanthropogenicGHGremovalsachievedbytheGCCProjectActivity.29.ProjectOwnerswishingtohaveaproposedGCCProjectActivityverifiedbyaGCCProjectVerifiershallprepareaProjectSubmissionFormusingthevalidversionoftheapplicablePSFavailableontheGCCwebsite.30.WhencompletingthePSF,ProjectOwnersshallfollowtheinstructionsthereinandprovideallnecessaryinformationanddocumentationtodemonstratecomplianceoftheproposedGCCProjectActivitywithallapplicablerequirementsinthisStandardandotherapplicableGCCrulesandrequirements.31.ForTypeA1,A2andB1projects,theregistrationrequestshallbesubmittedtotheGCCProgramwithinoneyearfromthedateofsubmissionofprojectdocumentsforconductingaGlobalStakeholderConsultation.Otherwise,theGSCshallberepeatedwiththeapplicableversionsoftheGCCregulatorydocumentsandtheapplicablemethodology.GlobalCarbonCouncilProjectStandard15of346.3GenericRequirementsRelatedtoImplementingandMonitoringProjectActivities32.WhenimplementingandmonitoringaregisteredGCCProjectActivity,theProjectOwnersshallconsiderandapplythelatestversionsoftheProjectStandard(thisdocument)andanyapplicableregulatorydocumentsreferencedintheProjectStandardincludingtheMonitoringReportFormandtheinstructionstherein,asadoptedbytheGCCProgramandavailableatthetimeofsubmissionofaMonitoringReporttotheGCC,priortoconductingEmissionReductionVerification,asrequiredbytheProgramProcess.33.ProjectOwnerswishingtohavetheirGHGemissionreductions,generatedbytheimplementedregisteredGCCProjectActivity,verifiedbyaGCCEmissionReductionVerifiershallprepare,foreachmonitoringperiod,aMonitoringReportusingthevalidversionoftheMonitoringReportFormavailableontheGCCwebsite.34.WhencompletingaMonitoringReportForm,theProjectOwnersshallfollowtheinstructionsthereinandprovideallnecessaryinformationanddocumentationtodemonstratecomplianceoftheimplementedregisteredGCCProjectActivityandmonitoredGHGemissionreductionsornetanthropogenicGHGremovalswithallapplicablerequirementsintheProjectStandard(thisdocument)andotherapplicableGCCrulesandrequirements.6.4SpecificRequirementsRelatedtoDesignofProjectActivity35.ForsubmissionofprojectstotheGCCProgramforregistration,ProjectOwnersshallfollowthespecificrequirementsstipulatedbelow,inadditiontotherequirementsstipulatedintheProjectSubmissionFormandapplicableCDMorGCCMethodology.6.4.1ProjectDescription36.ProjectOwnersshallusetheGCCProjectSubmissionForm(PSF)toprovidethedetailsoftheGHGemission-reductionActivity,includingschematics,specificationsandadescriptionofhowtheprojectreducesGHGemissions.6.4.2ProjectOwnership37.ProjectOwnersshallprovidedocumentaryevidenceestablishingconclusivelyanyright-of-usearisingbyvirtueofastatutory,proprietaryorcontractualrightoftheplant,equipment,processormeasurethatgeneratesGHGemissionreductionsandisaccordedtotheProjectOwner.6.4.3ProjectStartdate38.Theprojectstartdateisthedateofstartofoperationsoftheproject.Theprojectstartdateshallbeafter1January2016andistheearliestdateonwhichtheprojectbeginsgeneratingGHGemissionreductions.6.4.4ProjectCreditingPeriod39.CreditingperiodsforallGCCprojecttypesaredeterminedintherelevantBaselineandMonitoringMethodologiesandrefertheminimumofeithera10-yearperiodoraconservativeestimateofthetechnicallifetimeoftheinstalledtechnologiesorimplementedmeasures,whicheverisshorter.40.Thestartdateofthecreditingperiodshallbe:GlobalCarbonCouncilProjectStandard16of34(a)ForTypeA1ProjectActivities:after5July202020butnotmorethanoneyear21afterthestartdateoftheoperationsoftheGCCProjectActivity;(b)ForTypeA2ProjectActivities:after1Jan2016butnotmorethanoneyear22afterthestartdateoftheoperationsoftheGCCProjectActivity;and(c)ForTypeBProjectActivities:after1Jan2016andsameasthatstipulatedintheCDMPDD(asuploadedontheUNFCCCwebsite).6.4.5ProjectScale41.ProjectOwnersshallprepareanestimateofexpectedannualemissionreductionsovertheprojectcreditingperiodandrecordthisinthePSF.42.UnliketheCDM,theGCCProgramdoesnotdifferentiatebetweensmallandlarge-scaleProjectActivities.However,ifaGCCProjectActivityproposestoapplyasmall-scaleCDMmethodology,theProjectActivityshallcomplywiththethresholdofsmall-scaleprojectsasdefinedbytheCDMrules.ForProjectActivitiesapplyingsmall-scaleCDMmethodologiesandfallingunderthethresholdformicro-scaleprojectactivitiesasdefinedundertheCDM,thesimplifiedCDMrulesandrequirementsformicroscaleCDMprojectactivitiesmaybeutilized.Inordertodoso,theProjectOwnersshallindicateanddemonstratethattheProjectActivityqualifiesforthemicroscaleprojecttypesandthresholdsdefinedbyCDM.6.4.6ProjectLocation43.ProjectOwnersshallprovidedetailsofthephysical/geographicallocationoftheProjectActivity,includinginformationthatallowsitsuniqueidentification(bysinglegeodeticcoordinates,aphysicaladdressandamap).6.4.7ProjectBoundary44.ProjectOwnersshalldefinetheboundaryoftheproposedproject,includingthephysicaldelineationoftheprojectandtheemissionsourcesandGHGsthatareincludedinthebaselineandprojectscenarios,inaccordancewiththeappliedBaselineandMonitoringMethodology.6.4.8ProjectAdditionality45.TheGCCappliesthefollowingapproachfordemonstratingadditionality,consistingoftwocomponents:(a)ALegalRequirementTest;and(b)AnAdditionalityTesteitherbasedonaPositiveListtestoraprojects-specificadditionalitytest.(i)LegalRequirementTest46.TypeAprojectsshallbedeemednon-additionaliftheirimplementationisrequiredbyalawthatisenforced.Apositiveoutcomeofthelegalrequirementtestensuresthateligibleprojects(andtheGHGemissionreductionsthattheyachieve)wouldnothaveoccurredinordertocomplywithfederal,stateorlocalregulations,orotherlegally-bindingmandates.A20Refertofootnote11.21Refertofootnote13.22Refertofootnote13.GlobalCarbonCouncilProjectStandard17of34projectpassesthelegalrequirementtestwhentherearenoenforcedlaws,statutes,regulations,courtorders,environmental-mitigationagreements,permittingconditionsorotherlegally-bindingmandatesrequiringitsimplementation,orrequiringtheimplementationofasimilartechnology/measurethatwouldachieveequivalentlevelsofGHGemissionreductions.Voluntarycommitments/agreementswithinasectororbyanentitydonotconstitutethelegalrequirements.47.Thespecificprovisionsofthelegalrequirementtestmaydifferdependingontheprojecttypeandtheapplicablemethodology.48.TypeBprojectsarenotrequiredtodemonstratethisrequirement.(ii)AdditionalityTests49.ProjectOwnersshalldemonstratetheadditionalityoftheProjectActivityinaccordancewiththeappliedCDMorGCCmethodologies,whichrequiresdemonstrationthattheanthropogenicemissionsofGHGemissionsbysourcesarereducedbelowthosethatwouldhaveoccurredintheabsenceoftheproposedGCCProjectActivity.50.Ifrequiredbytheappliedmethodology,theProjectOwnersofaproposedGCCProjectActivityshalldemonstrateadditionalityfollowingthe:(a)Methodologicaltool:Investmentanalysis;or(b)Guidelinesforobjectivedemonstrationandassessmentofbarriers.51.Ifrequiredbytheappliedmethodology,theProjectOwnersofaproposedGCCProjectActivityshalldemonstrateadditionalityfollowingthe:(a)Methodologicaltool:Additionalityoffirst-of-its-kindprojectactivities;or(b)Methodologicaltool:Commonpractice.52.IftheGCCProjectActivityappliesatechnology,fuelorfeedstocklistedunderapositivelist,theProjectActivityisdeemedautomaticallyadditional.PositivelistsincludetheGlobalPositivelistandtheRegionalPositivelistandidentifyabroadsetofabatementactivitiesthataredeemedadditional.(a)GlobalPositivelist:ThislistisprovidedintheCDMTool3223:MethodologicalTool–PositiveListofTechnologies.(b)RegionalPositiveList:ThislistwillbedevelopedbytheGCCProgrambasedonresearchandanalysisapplyingcrediblesourcesofinformationandwillbeprovidedintheapplicableGCCmethodology.53.FordemonstratingadditionalityofproposedGCCProjectActivitiesthatapplysmall-scaleCDMmethodologiesthatdonotrefertospecificadditionalityrequirements,theProjectOwnersshallapplyoneofthefollowing:(a)TheMethodologicaltool:Demonstrationofadditionalityofsmall-scaleprojectactivities.Insuchcases,theProjectOwnersshouldalsofollowtheNon-bindingbestpracticeexamplestodemonstrateadditionalityforSSCprojectactivitiesand,wherenecessary,anyapplicableadditionalitytool;23https://cdm.unfccc.int/methodologies/PAmethodologies/tools/am-tool-32-v2.0.pdfGlobalCarbonCouncilProjectStandard18of34(b)TheMethodologicaltool:Demonstrationofadditionalityofmicroscaleprojectactivities,ifthescaleoftheProjectActivityiswithintheapplicablemicro-scalethreshold.54.TheStandardforDevelopmentofMethodologiescontainsthecriteriafordemonstratingadditionalitythatshallbeappliedbytheGCCMethodologiesundertheGHGProgram.Thisstandardreferstovariousglobalpositivelists,CDMtoolsandguidelinesthatshallbeappliedinGCCmethodologiesfordemonstratingadditionality.6.4.9BaselineScenariosforGCCProjects55.ProjectOwnersshalleitherdeterminethebaselinescenariofortheprojectinaccordancewiththerequirementssetoutinthemethodologyappliedtotheprojectoruseadefaultbaselinescenarioprovidedinthemethodology.56.ProjectOwnersshalldemonstratetheequivalenceintypeandlevelofserviceprovidedbyalternativescenariosand,whereappropriate,shallexplainanysignificantdifferencesbetweentheprojectandthebaselinescenario.57.Indevelopingthebaselinescenario,ProjectOwnersshalljustifyassumptions,valuesandproceduressothatthemostplausiblebaselinescenarioleadstoaconservativeestimationofGHGemissionreductions.6.4.10ProjectEmissionReductions58.ProjectOwnersshallprovidecalculationsofbaseline,projectandleakageemissionsaswellasGHGemissionreductionsresultingfromtheproposedProjectActivityforeachyearofthecreditingperiod,inaccordancewiththeselectedBaselineandMonitoringMethodology.59.IftheselectedBaselineandMonitoringMethodologyincludesdifferentscenarios,optionsordefaultvaluesforvariousparameters,ProjectOwnersshalljustifytheirselectionfortheproposedprojectwhenestimatingtheemissionreductionsoftheproject.6.4.11ProjectMonitoring60.ProjectOwnersshallprovideplansforinstallingtechnologiesorimplementingmeasuresandoperatingandmonitoringtheprojectassetoutbytheappliedBaselineandMonitoringMethodology.6.4.12ProjectRecordsandInformation61.ProjectOwnersshallensurethatalldocumentsandrecordsarekeptinasecureandretrievablemannerforatleasttwoyearsaftertheendoftheprojectcreditingperiod.62.Forverificationpurposes,ProjectOwnersshallmakeavailabletotheGCCVerifierthesupportinginformationanddataintheprojectdescription,evidenceoftheirrightofuse,andevidenceofsuccessfulinstallationofthetechnologiesorimplementationofmeasures.6.5SpecificRequirementsforProjectImplementationandMonitoring63.TheProjectOwnersshallimplementandoperatetheregisteredGCCProjectActivityinaccordancewiththedescriptionintheregisteredPSF,includingallphysicalandtechnicalfeatures.64.TheProjectOwnershallmonitortheregisteredGCCProjectActivityanditsGHGemissionreductionsornetanthropogenicGHGremovalsinaccordancewiththeregisteredmonitoringplan.GlobalCarbonCouncilProjectStandard19of3465.TheProjectOwnershalldescribetheimplementedregisteredGCCProjectActivityandmonitoredGHGemissionreductionsornetanthropogenicGHGremovalsinthemonitoringreporttodocumenthowtheimplementationandmonitoringwereconducted.66.Whendescribingimplementationandmonitoring,theProjectOwnersshallprovidethefollowinginformationinMonitoringReportsregardingtheimplementedregisteredGCCProjectActivity:(a)TitleandGCC/UNFCCCreferencenumberoftheProjectActivity;(b)NameoftheProjectOwnerinvolved;(c)LocationoftheProjectActivity;(d)Titles,versionsandGCC/UNFCCCreferencenumbersoftheappliedmethodologiesand,whereapplicable,themethodologicaltoolstowhichtheappliedmethodologiesrefer;(e)Type,startdateanddurationofthecreditingperiod;(f)Monitoringperiodnumberanddatesofcoverage.6.5.1DescriptionofimplementedregisteredProjectActivity67.TheProjectOwnersshallprovideadescriptionoftheimplementedregisteredGCCProjectActivityintheMonitoringReportsasfollows:(a)Descriptionoftheinstalledtechnologies,processesandequipment;(b)InformationontheimplementationandactualoperationoftheProjectActivity,includingrelevantdates(e.g.construction,commissioning,startofoperation).ForaProjectActivitythatconsistsofmorethanonesite,theProjectOwnersshalldescribethestatusofimplementationandstartdateofoperationforeachsite.ForaProjectActivitywithphasedimplementation,theProjectOwnersshallindicatetheprogressoftheProjectActivityachievedineachphase.68.TheProjectOwnershallindicatewhetherthereareanytemporarydeviationsfromtheregisteredmonitoringplan,theappliedmethodologies,ortheotherappliedmethodologicalregulatorydocuments,orpermanentchangestotheregisteredGCCProjectActivity(hereinafterreferredtoaspost-registrationchanges).6.5.2Descriptionofmonitoringsystem69.TheProjectOwnersshalldescribethemonitoringsystemandprovidelinediagrams(graphicalschemes)showingallrelevantmonitoringpoints.Thisdescriptionmayincludedatacollectionprocedures(informationflowincludingdatageneration,aggregation,recording,calculationsandreporting),organizationalstructure,rolesandresponsibilitiesofpersonnel,andemergencyproceduresforthemonitoringsystem.70.TheGCCProgramrecognizesthatalloftheinformationrelatedtomonitoringofparametersrequiredbythemethodologymaynotbeavailablewhenpreparingPSFs,particularlyforgreenfieldprojects.However,inordertoreduceandminimizepost-registrationchangesanddeviationsfromregisteredPSFs,ProjectOwnersareencouragedtoconsider,asappropriate,therequirementsinparagraph71whenpreparingaPSF.TheserequirementsaremandatorywhenpreparingMonitoringReports.71.TheProjectOwnershalldevelopanddescribethemonitoringplan,containingallofthemonitoringparameters,fortheproposedGCCProjectActivityinaccordancewiththeappliedGlobalCarbonCouncilProjectStandard20of34approvedmethodologiesandallotherapplicableGCCrulesandrequirements,andtheprovisionsbelow.Foreachparameterrequiredtobemonitoredundertheappliedmethodology,theProjectOwnersshall:(a)Describehowtheparameterismeasured/calculatedandthemeasurementandrecordingfrequency;(b)Describetheequipmentusedtomonitortheparameter,includingdetailsonaccuracyclassandcalibrationinformation(frequency,dateofcalibration,validity,uncertaintylevels,methods).IfneithertheappliedmethodologynortheGCCrequirementsspecifyanyrequirementsforcalibrationfrequencyformeasurementequipment,theProjectOwnersshallensurethattheequipmentiscalibratedeitherinaccordancewithlocal/nationalstandardsorwiththemanufacturer’sspecifications.Iflocal/nationalstandardsorthemanufacturer’sspecificationsarenotavailable,internationalstandardsmaybeused.Ifinternationalstandardsarenotavailable,theProjectOwnersshallensurethattheequipmentusedtomeasureaparametertodetermineemissionreductionsiscalibratedatleastannually,unlessotherspecificationsareprovidedintheappliedmethodologies;(c)Ensurethatthecalibrationofmeasuringequipmentshallbecarriedoutbyanaccreditedlaboratorywiththecalibrationresultstraceabletothemasterequipment.Measureddatawithhighlevelsofuncertaintyorwithoutadequatecalibrationshallbecomparedwithlocal/nationalandcommercialdatatoensureconsistency;(d)Describedatavariables,whichmayeithervaryorremainconstant.DatavariablesthatimpactGHGemissionreductionsandvarycontinuously(e.g.,quantityoffuelinputs,amountofheatorelectricityproduced,gascaptured)shallbemeasuredandrecordedatappropriatelyjustifiedintervals,unlessotherspecificationsareprovidedintheappliedmethodology.Dataelementsthataregenerallyconstant(e.g.,emissionfactors,calorificvalue,systemefficiencies)shallbemeasuredorcalculatedatleastonceayear,unlessotherspecificationsareprovidedintheappliedmethodology;(e)ProvidethevaluesofthemonitoredparameterforthepurposeofcalculatingGHGemissionreductionsornetanthropogenicGHGremovals.Wheredataaremeasuredcontinuously,theyshallbepresentedusinganappropriatetimeinterval(e.g.,monthlyforamonitoringperiodofsixmonthsormore;weeklyforamonitoringperiodoflessthansixmonths;dailyforamonitoringperiodofonemonthorless),unlessotherspecificationsareprovidedintheappliedmethodology;(f)Provideand/oridentifythesourcesofdata(e.g.,logbooks,dailyrecords,surveys);(g)Providethecalculationmethodoftheparameter,whererelevant;(h)Provideinformationaboutappropriateemissionfactors,IPCCdefaultvaluesandanyotherreferencevaluesthathavebeenusedinthecalculationofGHGemissionreductionsornetanthropogenicGHGremovals;(i)Putinplacetheoperationalandmanagementstructuretoimplementthemonitoringplan;and(j)Definetheresponsibilities,institutionalarrangements,andthequalityassuranceandqualitycontrol(QA/QC)proceduresfordatacollectionandarchiving.GlobalCarbonCouncilProjectStandard21of346.5.3Calculatingemissionreductionsornetanthropogenicremovals72.TheProjectOwnersshall,fortheregisteredGCCProjectActivityforthemonitoringperiod,identifytheformulaeusedfor,andprovidethecalculationsof,thefollowing:(a)BaselineGHGemissionsorbaselinenetGHGremovals;(b)ProjectGHGemissionsoractualnetGHGremovals;(c)LeakageGHGemissions;(d)GHGemissionreductionsornetanthropogenicGHGremovals.73.TheProjectOwnersshallprovideacomparisonoftheGHGemissionreductionsornetanthropogenicGHGremovalsachievedbytheregisteredGCCProjectActivitywiththeestimatesintheregisteredPSF.74.ForanyregisteredGCCProjectActivity,theprojectparticipantsshallexplainthecauseofanyincreaseintheactualGHGemissionreductionsachievedduringthemonitoringperiodcomparedwiththeestimatedemissionreductionsstatedintheregisteredPSF(e.g.,higherwateravailability,higherplantloadfactor),includingallinformation(i.e.,dataand/orparameters).TheGCCProgramcapstheexcessissuanceofACCsat120%oftheemissionreductionsestimatedintheregisteredPSF.GlobalCarbonCouncilProjectStandard22of34APPENDIX1:MappingGCCProjectRequirementsGCCRules-requirementsforProjectDevelopment,ImplementationandMonitoringRequirementsforGreenhouseGasReductionClauseNo.ISO14064-2requirementProjectStandard(V3),ParagraphNo.Remarks/otherrequirements1Scope20,21TherequirementinGCCrulesareadditionaltoISOrequirementsandtakeprecedence2Termsanddefinitions-RefertoProgramDefinitions3Principles113.1General1-103.2Relevance11(m)11(d)11(f)11(a)11(n)11(e)Definesintendeduser3.3Completeness3.4Consistency3.5Accuracy3.6Transparency3.7Conservativeness4IntroductiontoGHGprojects1-10RefertoGCCProgramFramework5RequirementsforGHGprojects29-30,33-34,36,64-65RequirescompletingprojectinformationinthePSFandMR5.1GeneralrequirementsAllparagraphsincluding12-19,22-25,30-32,35,37-43,60-63RefertoMethodology5.2Describingtheproject29-30,33-34,36,64-65,64-675.3IdentifyingGHGsources,sinksandreservoirsrelevanttotheproject26-27,36,44RefertoMethodology5.4Determiningthebaselinescenario26-27,36,45-53,54-56ThebaselinescenarioandadditionalityrequirementsaredefinedbytheProjectStandardandMethodology5.5IdentifyingGHGsources,sinksandreservoirsforthebaselinescenario26-27,36RefertoMethodology5.6SelectingrelevantGHGsources,sinksandreservoirsformonitoringorestimatingGHGemissionsandremovals26-27,36RefertoMethodology5.7QuantifyingGHGemissionsand/orremovals26-27,36,57-58,64-65,71-73RefertoMethodologyGlobalCarbonCouncilProjectStandard23of345.8QuantifyingGHGemissionreductionsandremovalenhancements26-27,36,57-58,64-65,71-73RefertoMethodology5.9Managingdataquality26-27,36,64-65,70RefertoMethodology5.10MonitoringtheGHGproject26-27,36,59,64-65,68-70RefertoMethodology5.11DocumentingtheGHGproject29-30,33-34,36,64-65RequirescompletingprojectinformationinthePSFandMR5.12Validationand/orverificationoftheGHGproject29,33RefertoVerificationStandard5.13ReportingtheGHGproject29,33AnnexAGuidanceontheuseofthispartofISO14064(informative)Appendix1AnnexBGreenhousegasglobalwarmingpotentials(informative)28TherequirementinGCCrulestakesprecedenceRequirementsforNo-net-harmtoEnvironment&Society--2(b)RefertotheEnvironmentalandSocialSafeguardsStandardRequirementsforContributiontoUNSDGs--2(c)RefertotheProjectSustainabilityStandardProjectStandard24of34APPENDIX2:ExampleIllustrationofProjectTypesA&BFigures1and2andTables2and3belowprovideexamplesforProjectOwners,helpingthemtocompareapplicableGCCRulesandtheProcessrequirementsforprojecttypesAandB.Figure1:TypeA1ProjectExampleProjectStandard25of34Figure2:TypeA2ProjectExampleProjectStandard26of34Figure3:TypeB1ProjectExampleProjectStandard27of34Figure4:TypeB2ProjectExampleProjectStandard28of34Table1:ProjectTypesEligibleforRegistrationundertheGCCProgramAllprojectsshallstartoperationsafter1January2016DescriptionTypeA:NotregisteredunderanyGHGProgramTypeB:De-registeredCDMprojectsProjectTypesTypeA1TypeA2TypeB1&B2SpecialconditionProjectsnotsubmittedtoanyGHGProgramPrompt-start:StartedoperationspriortoDDMM2020.24DeadlineforsubmittingcompleteGCCregistrationrequests:DDMM2022.25ACCscanonlybeissuedbyGCCProgram,afterCDMde-registration,fortheremainingcreditingperiodforwhichCERshavenotbeenissued,subjecttoaceilingof10yearsunderGCCProgram.De-registeredwithCDMNANAYesrequiredCERsIssuedNANAAllowed,butfor<10yearsOperationsStartDateAfter5July2020andaftersubmissionofacompleteGCCregistrationrequestAfter1Jan2016butbefore5July2022After1Jan2016StartdateoftheCreditingPeriodoftheGCCProjectActivityAfter5July2020butnotmorethanoneyear26aftertheOperationsStartDateAfter1Jan2016butnotmorethanoneyearaftertheOperationsStartDateAfter1Jan2016andthesameasthatstipulatedintheregisteredCDMProjectDesignDocument(asuploadedontheUNFCCCwebsite).24Seefootnote11.25Refertofootnote15.26Refertofootnote13.ProjectStandard29of34Table2:ComparisonofGCCRulesapplicabletoGCCProjectTypesApplicableGCCRulesDescriptionTypeA:Projects,notregisteredunderanyGHGProgramTypeB:De-registeredCDMprojectssubmittedtoGCCProjectTypesTypeA1TypeA2TypeB1&B2RulesrelatedtoGHGemissionreductionsandadditionalityCompliancewithallGCCRulesrequiredandmustbedemonstratedinPSFandMRDemonstratedviaCDMRegistrationandlistedonUNFCCCwebsiteRulesrelatedtocontributiontoSDGs(SDG+label)AllGCCRulesshallbecompliedwithand,asrequired,includedinPSFandMR.IfaprojectisregisteredundertheCDM,itcomplieswiththerequirementsoftheGCCRulesrelatedtocompliancewithGHGemissionreductions(includingCDMMethodology,GSC,LSC,Additionality,Environmentalimpacts).However,projectdoesnotcomplyotherrequirements(relatedtocontributiontoSDGs,Do-No-Net-HarmtoEnvironmentandSociety,andHostCountryAttestationonDoubleCountingaspertherequirementofCORSIA).Thenon-complianceisidentifiedasagapiftheProjectOwnerwishestouseACCsforCORSIAcompliance.Therefore,documentationofde-registeredCDMprojectsmustfillthegaptoqualifyundertheGCCfollowingtheCORSIArequirements.IfaProjectOwnerdoesnotwishtouseACCsforCORSIAanddoesnotwanttovoluntarilycomplywithotherrequirements(relatedtocontributiontoSDGs,Do-No-Net-HarmtoEnvironmentandSociety,HostCountryAttestationonDoubleCounting),thegapdoesnotneedtobefilled.RulesrelatedtoDo-No-Net-HarmEnvironmentalrequirements(E+label)RulesrelatedtoDo-No-Net-HarmrequirementsforSociety(S+label)SubmissionofHostCountryAttestationonDoubleCounting(CORSIA)RulesrelatedtoCORSIArequirements(C+Marketeligibilityflag)ProjectStandard30of34Table3:ComparisonofGCCProcessforvariousProjectTypesGCCProcessDescriptionTypeA:ProjectsnotregisteredunderanyGHGProgramTypeB:De-registeredCDMProjectsSubmittedtoGCCProjectTypesTypeA1TypeA2TypeB1TypeB2SummaryoftheRegistrationProcessaspertheProgramProcessFullprocessforRegistrationtobeappliedforGHGemissionreductionsandforadditionallabels(SDGs,Do-No-Net-HarmtoEnvironmentandSociety),ifopted.Noexemptionsallowed.ExemptionsintheprocesstobeappliedforGHG(forGCCProjectRegistrationonly)butfullprocesstobeappliedforadditionallabels(SDGs,Do-No-Net-HarmtoEnvironmentandSociety),ifopted.ExemptionsintheprocesstobeappliedforGHG(forGCCProjectRegistrationonly)asadditionallabelsarenotoptedforsuchprojecttypes.SuchprojectsqualifyforAutomaticregistration,ifcompletedocuments(includingPSF)aresubmittedaspertheProgramProcess.SummaryoftheIssuanceProcessaspertheProgramProcessFullprocessforIssuancetobeappliedforGHGemissionreductionsandadditionallabels(ifopted)aspertheProgramProcess.Noexemptionsallowed.PreparePSFAllsectionstobefilledcompletelyasperparagraph11(a)andProgramProcess.Allsectionstobefilledcompletelyasperparagraph11(b)andProgramProcess.ForsectionsrelatedtoGHGemissionreductions,CDM-PDDcanbereferredto.Foradditionallabels,informationneedstobefilled.Allsectionstobefilledcompletelyasperparagraph11(i)andProgramProcess.ForsectionsrelatedtoGHGemissionreductions,theCDMPDDcanbereferredto.ConductLSCPriortoconductingGSCPriortoconductingGSCandonlyforthepartwithinthescopeofadditionallabels.ForGHGemissionreductions,itisnotrequiredtobere-doneasisalreadyconductedundertheCDM.Notrequiredtobere-doneasisalreadyconductedundertheCDMtocoverthepartregardingGHGemissionreductions.ConductGSCPriortosubmittingdesk-reviewProjectVerificationReportPriortosubmittingdesk-reviewProjectVerificationReportandonlyforthepartwithinthescopeofadditionallabels.ForGHGNotrequiredtobere-doneasisalreadyconductedundertheCDMregardingGHGemissionreductions.ProjectStandard31of34emissionreductions,itisnotrequiredtobere-doneasisalreadyconductedundertheCDM.ConductProjectVerificationunderGCCYesProjectVerificationisonlyrequiredforverifyingthegapsandpartoftheadditionalinformationinthePSFregardingadditionallabelsandanyotherinformationnotcoveredbytheCDMValidationReport.ForsectionsrelatedtoGHGemissionreductions,theCDMValidationReportcanbereferredto.ProjectVerificationisnotrequiredasthereisnoadditionalinformationinthePSFregardingGHGemissionreductionsthatisnotcoveredbytheCDMValidationReport.Fortheseprojects,theCDMValidationReportmaybeusedinsteadofthePSF.SubmitRequestforRegistrationtoGCCYes.AsperGCCrequirementsintheProgramProcessYes.AsperGCCrequirementsintheProgramProcessYes.AsperGCCrequirementsintheProgramProcessRegisteredwithGCCAutomaticregistration,ifcompletedocumentssubmittedaspertheProgramProcessandalloftheinformationrequiredinthePSFrelatedtoGHGemissionreductionsiscoveredbytheCDMValidationReportImplement&MonitorProjectasperGCCRegistereddocumentsYesYesPrepareMonitoringReportYes.AsperGCCrequirementsintheProgramProcessforsuchprojects.ACCscanonlyberequestedfortheCreditingperiod,butnotformorethan10years.Yes.Forsuchde-registeredCDMprojects,ACCscanonlyberequestedfromtheGCCProgramfortheremainingCreditingperiod,afterde-registrationwiththeCDM,forwhichCERshavenotbeenissuedbyCDMExecutiveBoardoftheUNFCCC,subjecttoaceilingof10yearsofcreditingasallowedundertheGCCProgram.ConductEmissionReductionVerificationandSubmitRequestforIssuancetoGCCYes.AsperGCCrequirementsintheProgramProcessYes.AsperGCCrequirementsintheProgramProcessProjectStandard32of34ACCsIssuedbyGCCProgram(onlyforcreditingperiodsafter1January2016)Fornotmorethana10-yearCreditingPeriod,Fornotmorethana10-yearCreditingPeriod,includingretroactivecredits27ACCscanonlybeissuedbytheGCCProgramfortheremainingCreditingPeriod,afterde-registrationwiththeCDM,forwhichCERshavenotbeenissuedbyCDMExecutiveBoardoftheUNFCCC,subjecttoaceilingof10-yearsofcreditingasallowedundertheGCCProgram.27RetroactivecreditsmeanACCsthathavebeengeneratedfortheperiodpriortothedateofregistrationwiththeGCCProgram.GlobalCarbonCouncilProjectStandard33of34VersionDateCommentV3.131/12/2020▪ThenameofGCCProgram’semissionunitshasbeenchangedfrom“ApprovedCarbonReductions”orACRsto“ApprovedCarbonCredits”orACCs.V3.005/07/2020▪RevisedversionreleasedonapprovalbytheSteeringCommitteeaspertheGCCProgramProcess;▪Revisedversioncontainsfollowingchanges:oChangeofnamefromGlobalCarbonTrust(GCT)toGlobalCarbonCouncil(GCC);oConsideredandaddressedcommentsraisedbytheSteeringCommittee:➢duringphysicalmeeting(SCM01,dated29Oct2019,DohaQatar);and➢electronicconsultationsEC01-Round01(15.09.2019–25.09.2019),EC01-Round02(27.03.2020–27.06.2020).▪FeedbackfromTechnicalAdvisoryBoard(TAB)ofICAOonGCCsubmissionforapprovalunderCORSIA28;V2.025/06/2019▪RevisedversionreleasedforapprovalbytheGCCSteeringCommittee.▪Thisversioncontainsdetailsandinformationtobeprovided,consequenttothelatestworld-widedevelopments(e.g.,CORSIA,EUC).v1.001/11/2016▪InitialversionreleasedforapprovalbytheGCCSteeringCommitteeundertheGCCProgramVersion128SeeICAOrecommendationforconditionalapprovalofGCCathttps://www.icao.int/environmental-protection/CORSIA/Documents/TAB/Excerpt_TAB_Report_Jan_2020_final.pdfDOCUMENTHISTORYGCCProgramFrameworkError!Referencesourcenotfound.Error!Referencesourcenotfound.34of34
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