Procedural
Last updated
Last updated
A methodology approval is the process of approving a new methodology for application for a specific project.
The process involves a detailed assessment of the proposed methodology to ensure that it is scientifically sound, transparent, and robust enough to accurately quantify GHG emissions reductions or removals. The assessment is carried out by a validation and verification body, who may also consult with technical experts to assess the methodology.
The approval process typically involves several stages, including the submission of a project design document (PDD) outlining the application of the proposed methodology, a review and assessment of the PDD by the validation body, a public comment period to allow stakeholders to provide feedback on the methodology and final approval by the ICR.
Once the methodology has been approved, it can be used at the project level for registration and issuance of carbon credits to be used by organizations to offset their emissions or meet their emissions reduction targets and may simplify the documentation of each project. The application of approved methodologies helps to ensure the consistency and integrity of climate projects by ensuring that emissions reductions are accurately quantified and verified.
