VCS & CCB Program Updates...What we’ll cover today 1) VCS Program update 2) CCB Program update...

VCS & CCB Program Updates

Sam Hoffer, VCS & CCB Program Manager

Christopher Chapman, Program Officer

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

Program update catalogues

database.v-c-s.org/version-3

http://www.v-c-s.org/project/ccb-program/rules-requirements-and-guidance/updates-to-the-ccb-standards-version-3/

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

VCS Program Updates

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)

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

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

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

• Overview

• New program document structure

• Key technical updates

• Mandatory templates

• Summary of project benefits

CCB Program Updates

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

New program document structure

CCB Program Definitions

Requirements Documents

Climate, Community & Biodiversity Standards

CCB Program Fee Schedule

CCB Program Rules

Templates

Project Description Template

Monitoring Report Template

Validation Report Template

Validation Statement Template

Verification Report Template

Verification Statement Template

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

Key technical update: VVB rotation

Key technical update: Document submission & review

14 July 2017

• Project proponents submit all documentation though their registry

• The registry performs a completeness check

• VCS performs a completeness review and possible accuracy review

CCB + VCS Projects

• Project proponents

submit all documentation

directly to VCS, instead of

through the VVB (as

currently) or registry

• Everything else is the

same

CCB Projects

• VVBs download the project

documentation from the VCS

project database

• Accuracy review process is

same as current VCS

process:

Validation & verification

process for all projects

VCS does the review

Findings are reported to

VVB

VVB responds to findings

and resubmits to VCS

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

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

Mandatory templates, what to look for

Mandatory templates, what to look for

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 • http://www.v-c-s.org/wp-content/uploads/2016/11/Summary_Project_Benefits_3NOV2016.pdf

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

Questions?

Verified Carbon Standard

1 Thomas Circle NW

Suite 1050

Washington, DC 20005

www.v-c-s.org

Thank You!

Sam Hoffer

VCS & CCB Program Manager

Christopher Chapman

Program Officer

secretariat@v-c-s.org

CCBStandards@v-c-s.org