VCS & CCB Program Updates. Sam Hoffer, VCS & CCB Program Manager Christopher Chapman, Program Officer

Transcription

1 VCS & CCB Program Updates Sam Hoffer, VCS & CCB Program Manager Christopher Chapman, Program Officer

2 What we ll cover today 1) VCS Program update 2) CCB Program update 3) Q/A Please type in your questions during the presentation We ll consolidate questions and answer them at the end

3 Program update catalogues database.v-c-s.org/version-3

4 VCS Program Updates Main updates: Introduced VCS completeness review Updated global warming potentials (GWPs) Clarifications to VVB rotation requirements New rules for projects using non-vcs simplified additionality procedure Other updates include: New procedure for issuing errata and clarifications Updated CDM + new CAR gap validation process Clarified definition of loss event Clarified process for calculating long-term average

5 VCS completeness review Pipeline listing: Ensure sufficiency of information for public comment VCS may require project proponent to update docs Registration/issuance request: Completeness review follows registry review Review of specific items (baseline, additionality) Informs whether accuracy review is conducted Completed in 5 business days (accuracy review timeline shortened by 5 business days, so overall timeframe remains the same)

6 Updated global warming potentials Updated required source of global warming potentials from the IPCC s Second Assessment Report to the IPCC s Fourth Assessment Report Projects may optionally transition to the updated GWPs immediately via a project description deviation Projects shall transition to the updated GWPs at their project crediting period renewal

7 Clarifications to VVB rotation requirements Gap validation of a project registered under an approved GHG program may be disregarded when assessing adherence to VVB rotation requirements Validations and verifications performed under other GHG programs shall be counted when assessing adherence to VVB rotation requirements

8 Simplified additionality procedures Where the project applies a methodology that: Was developed under an approved GHG program and Uses an activity method or other simplified procedure for demonstrating additionality... The project proponent shall demonstrate that the simplified procedure is appropriate to apply to the project considering the project characteristics Failing this demonstration, the project proponent shall not use the simplified procedure for demonstrating additionality

9 CCB Program Updates Overview New program document structure Key technical updates Mandatory templates Summary of project benefits

10 Overview Harmonize the CCB Program with the VCS Program Clarified or changed terms Aligned validation and verification procedures Mandatory templates Formatting and minor edits Improved stakeholder experience Less disconnect between the VCS and CCB Programs Improved guidance Greater consistency

11 New program document structure CCB Program Rules Requirements Documents Templates Climate, Community & Biodiversity Standards Project Description Template Monitoring Report Template CCB Program Fee Schedule Validation Report Template Verification Report Template CCB Program Definitions Validation Statement Template Verification Statement Template

12 Key technical update: Updated terms New CCB Program Monitoring period Clarified Public comment period Project lifetime Replaced Auditor VVB Programmatic approach Grouped project Right of Use project ownership Reporting document names

13 Key technical update: VVB rotation

14 Key technical update: Document submission & review CCB + VCS Projects Project proponents submit all documentation though their registry The registry performs a completeness check VCS performs a completeness review and possible accuracy review CCB Projects Project proponents submit all documentation directly to VCS, instead of through the VVB (as currently) or registry Everything else is the same 14 July 2017

15 Validation & verification process for all projects VVBs download the project documentation from the VCS project database Accuracy review process is same as current VCS process: VCS does the review Findings are reported to VVB VVB responds to findings and resubmits to VCS

16 Mandatory templates, overview For PPs: structure and guidance For VVBs: more efficient reviews For other stakeholders: easier comparison For VCS: enables more efficient completeness reviews & allows accuracy reviews

17 Mandatory templates, what to look for The templates generally follow the order of the CCB Standards Gold or green references Cumbersome indicators have been broken out into multiple sections Indicators with similar reporting requirements have been combined into one section Monitoring reports should only contain information on changes that have occurred VVB templates mirror the PP templates Incorporate changes to project design

18 Mandatory templates, what to look for

19 Mandatory templates, what to look for

20 Summary of project benefits, overview New mechanism to report project benefits Will replace the summary of benefits on the cover page Its purpose is to provide: a streamlined way to present the project benefits, an effective way to communicate those benefits. A powerful tool for: PPs to communicate benefits to relevant stakeholders VCS to amalgamate data for communicating impact and designing future program improvements For more information

21 Summary of project benefits, what to look for Completion of the SPB is mandatory, but only report on metrics that are applicable to the project Two main sections Standardized Benefits Metrics Unique Project Benefits All claims must be substantiated in the PD or MR and assessed by the VVB

22 Questions?

23 Thank You! Sam Hoffer VCS & CCB Program Manager Christopher Chapman Program Officer Verified Carbon Standard 1 Thomas Circle NW Suite 1050 Washington, DC