Endorsed Programs are independent third-party greenhouse gas (GHG)
Project Certification Programs that ensure specific GHG reduction
projects result in real, verified, enforceable, permanent, and additional
reductions. The specific principles and criteria that Endorsed
Programs should meet are outlined in the Green-e
Climate Standard. Sellers who seek Green-e Climate certification
for the sales of GHG emission reduction products (offsets) must
source from projects that are certified by one of the Endorsed Programs.
Currently, there are five Endorsed Programs under Green-e Climate.
The Endorsed Programs and any specific restrictions are the following:
1. The Gold Standard
The Gold Standard Foundation offers a quality label to CDM/JI
and voluntary offset projects. Renewable energy and energy
efficiency projects with sustainable development benefits are
eligible. The Gold Standard is endorsed by over 50 non-governmental
organizations worldwide. The Gold Standard is a non-profit
foundation under Swiss Law and funded by public and private
donors.
All Gold Standard VERs are eligible with the following exceptions:
• Projects registered under methodologies that do not meet the additionality criteria in Section 5.1.c(g) of the Green-e Climate Standard are not eligible. Substantiation from Seller is required that additionality requirements under the Green-e Climate Standard have been met.
• Outside of the United States and Canada, hydropower projects must be under 10 MW in capacity in order to be eligible. For a “grouped” project, consisting of more than one instance of the project activity at multiple locations within a defined geographic boundary, which is certified as a group or program of activities, the total capacity of the grouped project may exceed 10 MW capacity; however, no single instance of the project within the group shall exceed the 10 MW capacity limit.
• In the United States or Canada, only GHG emissions reductions from new hydropower generation capacity on a non-impoundment or new generation capacity on an existing impoundment that meets one or more of the following conditions is eligible:
a) The hydropower facility is certified by the Low Impact Hydropower Institute (LIHI);For facilities falling under a. or b. above, only output generated during the period of LIHI certification or EcoLogo certification is eligible for Green-e Climate Certified sale. In the United States and Canada, the Green-e Governance Board will consider on a case-by-case basis GHG emissions reductions resulting from new incremental capacity on an existing dam, where the “new” output is equal to or less than 5 MW. The Program will not certify products sourcing GHG emissions reductions from new impoundments of water.
b) For Canadian hydropower facilities only, the facility is EcoLogoM certified; or
c) The hydropower facility consists of a turbine in a pipeline or a turbine in an irrigation canal.
2. The Verified Carbon Standard
(VCS)
The
VCS provides
a robust global standard for voluntary GHG emissions reduction
and removal projects and their validation and verification.
It ensures that carbon offsets that businesses and consumers
buy can be trusted and have real environmental benefits. The
VCS program is managed by the VCS Association which is an independent,
non-profit organization registered under Swiss law. The founding
partners of the VCS are The Climate Group, the International
Emissions Trading Association (IETA) and the World Business
Council for Sustainable Development.
All Verified Carbon Units (VCUs) are eligible as long as they are certified
according to VCS 2007 or VCS version 3.0, with the following exceptions:
• Agriculture, Forestry and Other Land Uses (AFOLU) projects are eligible as long as the Seller provides proof that the native species requirements under the Green-e Climate Standard are met.
• Projects validated under VCS 2007 that have qualified as additional using the VCS "Test 2 – Performance Test" are not eligible, unless the performance standard used explicitly lists the eligible technologies.
• Projects certified according to previous versions of the VCS that are grandfathered in under VCS 2007 are not eligible under Green-e Climate.
• The period of time for which GHG reductions/removals are verified (verification period) shall not exceed three years for non-sequestration projects, and shall not exceed seven years for sequestration projects.
• Outside of the United States and Canada, hydropower projects must be under 10 MW in capacity in order to be eligible. For a “grouped” project, consisting of more than one instance of the project activity at multiple locations within a defined geographic boundary, which is certified as a group or program of activities, the total capacity of the grouped project may exceed 10 MW capacity;
however, no single instance of the project within the group shall exceed the 10 MW capacity limit.
• In the United States or Canada, only GHG emissions reductions from new hydropower generation capacity on a non-impoundment or new generation capacity on an existing impoundment that meets one or more of the following conditions is eligible:
a) The hydropower facility is certified by the Low Impact Hydropower Institute (LIHI);For facilities falling under a. or b. above, only output generated during the period of LIHI certification or EcoLogo certification is eligible for Green-e Climate Certified sale. In the United States and Canada, the Green-e Governance Board will consider on a case-by-case basis GHG emissions reductions resulting from new incremental capacity on an existing dam, where the “new” output is equal to or less than 5 MW. The Program will not certify products sourcing GHG emissions reductions from new impoundments of water.
b) For Canadian hydropower facilities only, the facility is EcoLogoM certified; or
c) The hydropower facility consists of a turbine in a pipeline or a turbine in an irrigation canal.
3. The Clean Development Mechanism
(CDM)
The Clean Development Mechanism is a mechanism under the Kyoto Protocol
through which developed countries may finance GHG emission reduction
or removal projects in developing countries, and receive credits
for doing so which they may apply towards meeting mandatory limits
on their own emissions. CDM credits not used in the compliance market
can be sold in voluntary markets. The CDM is supervised by the CDM
Executive Board and is under the guidance of the Conference of the
Parties of the United Nations Framework Convention on Climate Change
(UNFCCC).
Clean Development Mechanism Certified Emission Reductions (CERs) are eligible with the following exceptions:
• Due to permanence issues, no CDM Land-Use, Land-Use Change and Forestry (LULUCF) projects are eligible.
• No hydropower projects with a capacity over 10 MW are eligible. For a “grouped” project, consisting of more than one instance of the project activity at multiple locations within a defined geographic boundary, which is certified as a group or program of activities, the total capacity of the grouped project may exceed 10 MW capacity; however, no single instance of the project within the group shall exceed the 10 MW capacity limit.
With the exceptions listed above, the following CDM project types
are eligible:
• Renewable Energy
• Energy Efficiency
• Methane Capture
• SF6 Destruction
4. The Climate
Action Reserve
The Climate Action Reserve is a national
offsets program working to ensure integrity, transparency and financial
value in the U.S. carbon market. It does this by establishing regulatory-quality
standards for the development, quantification and verification of
greenhouse gas emissions reduction projects in North America; issuing
carbon offset credits known as Climate Reserve Tonnes (CRTs) generated
from such projects; and tracking the transaction of credits over
time in a transparent, publicly accessible system.
The following Climate Action Reserve project types are eligible:
• Livestock - U.S.
• Landfill - U.S.
• Urban Forest
• Livestock - Mexico
• Landfill - Mexico
• Coal Mine Methane
• Organic Waste Digestion
• Nitric Acid Production
• Ozone Depleting Substances
• Forestry (Forest Protocol version
3.0 or later)