![]() ![]() The duration of the monitoring phase varies from project to project, it can cover two years, but documentation over five or seven years is also possible. Here, the project developers monitor and document the data of the project activities and progress. Monitoring (6)Īfter the climate project has been registered, the monitoring phase begins. More information about project standards. Once validated, the project can be registered with a standard such as the Verified Carbon Standard or the Gold Standard. TÜV Nord/Süd, S&A Carbon LLC., and SCS Global Services are just some examples of validation and verification bodies. Auditors are accredited, impartial assessors who have to be approved as a validation and verification body (VVB) by the standards body. This phase often also involves field visits with on-site interviews and analyses. In this phase, independent auditors examine the PDD and the information it contains. Then, the so-called Project Design Document (PDD) is prepared, which contains all the basic information about the project, such as the project objective, the location, when the project is to be implemented, and the project duration. In the first two steps, the project developer reviews the general feasibility of the project, the project design and the financing. What is the life cycle of a climate project?Ī climate project has a defined life cycle. ![]()
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