Project Design
National Approval
National Approval
Project Participant prepares a project design document, making use of approved emissions baselines and monitoring methodology.
National Approval
National Approval
National Approval
A national authority must approve the project and its contribution to national sustainable development.
Validation
National Approval
Registration
An accredited, third-party auditor, validates the project design.
Registration
Registration
Registration
The FLFCO Executive Board assesses the validated project for registration
Monitoring
Registration
Verification
Project participant monitors the actual emissions according to the approved methodology.
Verification
Registration
Verification
There is much to be determined upon Verifying a project has stayed within its baseline. The Verification body is there to assess whether the project is within, below or over its baseline and whether corrective actions need to be taken. Did the emission reductions in your project take place, in the amount claimed, according to the approved Monitoring Plan?
Issuance
Offsetting
Offsetting
The FLFCO Executive Board assesses achieved emission reductions for issuance to the project owner.
Offsetting
Offsetting
Offsetting
When a company or individual pays for the cancelation of Offset Credits to compensate for their emissions the project generates revenue to operate.