Additional Environmental Integrity Safeguards
Please note the following requirements for the following specific project types:
Renewable Energy Projects
Only carbon credits from the following renewable energy projects will be allowed:
-
Projects that use offshore wind technology, or waste-to-energy technology
-
Projects that are linked with energy storage systems
-
Projects outside of (1) and (2), but come from (i) Least Developed Countries (LDC), (ii) micro-grids that are not linked to national grids, or (iii) lower middle income countries with less than 5% of the said renewable technology deployed in national grid at the point of registration or renewal
*Renewable energy projects refer to projects that (i) generate and deliver energy services (e.g. mechanical, work, electricity, heat) from non-fossil fuel and renewable energy sources, or (ii) comprise of renewable energy generation units (e.g. solar PV, tidal/wave, wind, hydro, geothermal, waste-to-energy, renewable biomass) that are supplying energy or electricity.
** Definition of LDC is based on United Nations’ definition; Definition of lower middle income countries is based on World Bank’s definition
Forestry Conservation (i.e., REDD+)
All forestry projects are required to:
-
Use nested baseline or be part of a jurisdictional programme to address concerns over leakage and non-additionality due to policy; and
-
Not use baseline that incorporates High Forest-Low Deforestation-related incentive factor