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.
The EU ETS is the largest multi-national regulated emissions trading scheme in the world applicable to more than 14,000 installations and operators throughout Europe.
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.
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.