From start to finish, designing and monitoring a project takes teams of accredited 3rd party auditors called Validation and Verification Bodies. These auditors are responsible for keeping the projects accountable and substantiating the project's Environmental Integrity.
Project Participant prepares a project design document, making use of approved emissions baselines and monitoring methodology.
A national authority must approve the project and its contribution to national sustainable development.
An accredited, third-party auditor, validates the project design.
The FLFCO Executive Board assesses the validated project for registration
Project participant monitors the actual emissions according to the approved methodology.
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?
The FLFCO Executive Board assesses achieved emission reductions for issuance to the project owner.
When a company or individual pays for the cancelation of Offset Credits to compensate for their emissions the project generates revenue to operate.
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