Clean Development Mechanism validation is the independent evaluation of a project activity against the requirements of CDM. It is based on the project's design documentation, in particular the project's baseline, monitoring plan and compliance with relevant UNFCCC and host party criteria, to establish whether tradable credits are generated. In order to register for this scheme, all CDM projects must undergo a validation.
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The Gold Standard (GS) is an independent certification standard for carbon credits generated from Clean Development Mechanism (CDM) projects or Voluntary Emissions Reduction (VER) projects.
Increasing numbers of organisations are voluntarily monitoring their greenhouse gas emissions. ISO 14064 is an international standard that provides a framework for greenhouse gas accounting and verification.
ISO 50001 is the international energy management system (EnMS) standard. It is the first global EnMS following from a range of national and regional standards such as EN 16001.
The objective of the MRV Regulation is to develop a better understanding of fuel consumption and CO2 emissions from shipping activities within the EU which could then be used to shape and inform any future GHG monitoring or reduction initiatives. The MRV Regulation is viewed as the first step of a staged approach for the inclusion of maritime transport emissions into the EU’s GHG reduction commitment, alongside the other sectors that are already contributing to that commitment.