What is the process?
1. Identify suitable renewable energy/energy efficient project (open/close)
Assess project eligibility for The Gold Standard as only projects focusing on renewable energy, end-use energy efficiency and/or waste management can apply for Gold Standard certification.
2. Open Registry Account (open/close)
Go to The Gold Standard Registry and open an account. The Gold Standard Registry is a web-based software application that serves as the tracking tool and administration tool for both Gold Standard UNFCCC and VER projects.
3. Local stakeholder consultation (open/close)
Start writing your Gold Standard Passport, which is the document that presents all required information using The Gold Standard’s fixed template. Draft a non-technical summary explaining the project in laymen’s terms, which must be used when sending out invitations for the Local Stakeholder Consultation.
Start planning the Local Stakeholder Consultation (LSC) process, assessing the potential environmental and socials impacts of the project with relevant (local) stakeholders including NGOs, policymakers and local residents. The consultation sessions takes place in two rounds. The first round is a face-to-face meeting to introduce and explain the project to the local community and collect feedback, comments and concerns. For those who are unable to attend the physical meeting, feedback can also be submitted online. The second round is a follow-up from the first consultation; it does not have to include a physical meeting if everyone has access to, and is able to read, the documentation.
4. Final Project Design Documentation (open/close)
Write up the Local Stakeholder Consultation Report using The Gold Standard template and submit to The Gold Standard via the registry. Once the GS Secretariat deems the report acceptable, the project will be made publicly available in the registry and referred to as an official ‘listed’ GS applicant. For further information regarding project review timelines please click here.
Write up the Project Design Document (PDD), which provides information focusing on the project design and the application of the selected baseline and monitoring methodology to calculate emission reductions. It is the primary means to communicate about the emission reductions for the host country approval (if required), validation and registration process. Also, revise The Gold Standard Passport based on feedback and comments received during the Local Stakeholder Consultation.
5. Stakeholder feedback and project implementation (open/close)
Carry out the second round of consultation, called the Stakeholder Feedback Round (SFR), in order to show stakeholders how their comments from the first consultation were taken into account, as well as offering a second chance to make additional comments. During the Stakeholder Feedback Round, the LSC Report, the PDD and The Gold Standard Passport must be made publicly available for comments for a 60-day period.
6. Independant auditor (DOE) reviews & validates project (open/close)
Contact an independent UN-accredited auditor (e.g. DOE) to review and to validate the project activity. The validation may start in parallel with the Stakeholder Feedback Round, as long as all comments from the Stakeholder Feedback Round are incorporated into the final validated project documentation and the feedback rounds end before validation completion.
7. GS Reviews audit before project registration (open/close)
Following the project validation, the validated PDD, Passport and other relevant project documents plus the validation report must be uploaded into the registry. The Gold Standard Secretariat, the Technical Advisory Committee, and The Gold Standard NGO Supporters then conduct a final document review before the project becomes registered. For more information regarding The Gold Standard project review timelines click here.
8. GS External (DOE) verification (open/close)
An independent UN-accredited auditor (DOE/AIE) verifies the project’s emission reductions and sustainable development monitoring activities.
9. GS reviews verification before issuance of credits (open/close)
Following the project verification, the verified PDD, Passport and other relevant project documents plus the verification report must be uploaded into the registry. The Gold Standard Secretariat, the Technical Advisory Committee, and The Gold Standard NGO Supporters then conduct a final document review before the project may issue credits. Information regarding the project review timelines can be located here.