All GHG emission reductions and removals shall be converted to CO2e using GWP values.
100-year Global Warming Potential
3.22.1 - 3.22.4 AFOLU Projects: 3.22.5
FIX: one possible way to handle VCS Requirements. Another relevant question is perhaps if it is even necessary to incorporate these specific requirements into the vocabulary.
The instances of this class illustrate the types of WRC activities that may be combined with other AFOLU project categories.
ACoGS
Avoided Conversion of Grasslands and Shrublands
Agriculture, Forestry, and Other Land Use Projects
ALM
Agricultural Land Management
ARR
Afforestation, Reforestation and Revegetation
Methane
Carbon dioxide
Greenhouse gas
IFM
Improved Forest Management
NOTE: a Project may be stated to deviate from a Methodology, with valid reason (3.19.1 - 3.19.3). Providing justification that these Requirements are met will be the verification for these Claims.
A methodology grace period is the amount of time in which projects may apply a methodology, module or tool that has been revised, newly excluded or becomes inactive. The grace period deadline corresponds with the date the validation report (for registration and crediting period renewal) or verification report (for baseline reassessment) is issued.
The impacts of project activities on relevant emission sources, sinks, and reservoirs must be monitored in order to determine the net GHG benefit. Projects must be monitored in accordance with the applied methodology(s)
Nitrous oxide
Ozone-Depleting Substances Project
The project boundary includes the GHG sources, sinks, and reservoirs that are relevant to the project and baseline scenarios. The relevant GHG sources, sinks, and reservoirs that must be included or excluded, or are optional, are set out in the methodology(s) applied by the project.
The project crediting period is the time period for which GHG emission reductions or removals generated by the project are eligible for issuance as VCUs. Project crediting periods must be renewed periodically in order to ensure that changes to a project’s baseline scenario and regulatory surplus are taken into consideration throughout the lifetime of the project.
Project Crediting Period
Projects are categorized by size according to their estimated average annual GHG emission reductions or removals. Materiality thresholds differ for projects of different sizes. 1) Projects: Less than or equal to 300,000 tonnes of CO2e per year. 2) Large projects: Greater than 300,000 tonnes of CO2e per year.
The project start date of a non-AFOLU project is the date on which the project began generating GHG emission reductions or removals. The project start date of an AFOLU project is the date on which activities that led to the generation of GHG emission reductions or removals are implemented (e.g., preparing land for seeding, planting, changing agricultural or forestry practices, rewetting, restoring hydrological functions, or implementing management or protection plans). Projects must complete validation within specific timeframes from the project start date.
FIX: how to capture that a Requirement is not met until Proof is provided?
Requirements require proof (evidence) as to their veracity.
Evidence
Proof
REDD
Reduced Emissions from Deforestation and Degradation (REDD)
Projects rejected by other GHG programs due to procedural or eligibility requirements can be considered under the VCS Program
NOTE: Agents can now Claim that they have complied with these specific Safeguards.
Project activities must not negatively impact the natural environment or local communities. Project proponents must identify and address any negative environmental and socio-economic impacts of project activities, and must engage with local stakeholders during the project development and implementation processes.
WRC
Wetlands Restoration and Conservation
Degraded wetland (including, drained, impounded, and with interrupted sediment supply)
Degraded wetland
Intact wetland
Non-wetland or open water
Energy (renewable/non-renewable)
Fugitive emissions - from fuels (solid, oil, and gas)
Fugitive emissions - from Industrial gases (halocarbons and sulphur hexafluoride)
Solvents use
Waste handling and disposal
Agriculture, forestry and other land use
AFOLU
Livestock and manure management
Carbon capture and storage
Energy distribution
Energy demand
Manufacturing industries
Chemical industry
Construction
Transport
Mining/Mineral production
Metal production
FIX: this document contains many Requirements. Some, but far from all, have been captured here. More can and should be added later.