International Standards

Greenhouse gas (GHG) emission reduction projects must be certified-validated against an international standard to ensure their integrity, quality, credibility and transparency at an international level.

There are different international standards, each one with specific requirements (sector, GHG type, etc.), protocols and scientific methodologies; but all of them looking to demonstrate that the GHG reductions from the project are real, that they would not otherwise occur in a business-as-usual scenario, and that they have been counted only once towards a mitigation obligation, having a clear and transparent chain of custody from issuance to sale/cancellation (prevents risk of double counting).

Certification, validation and verification against an international standard not only guarantee the integrity of the project worldwide, but also provides the project with a financial mechanism: tradable emissions credits.

REDD + projects develop activities to avoid Carbon Dioxide (CO2) emissions. Thus, after strict certification, validation and verification processes completed by independent audit firms against an international standard, the project is granted a quantity of carbon credits/offsets. Every ton of CO2 emission that is not released into the atmosphere results in the creation of a carbon offset.

1 Carbon Offset
=
1 Ton of CO2 emission not released into the atmosphere
Our Mataven REDD+ Project is
certified against the international
Verified Carbon Standard - VCS
for 30 years (2013-2042)
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VCS is administered by Verra, a not-for-profit organization that started in 2005, when the Climate Group, the International Emissions Trading Association (IETA), the World Economic Forum, the World Business Council for Sustainable Development (WBCSD), among others, created a team of global carbon market experts to develop, manage and update VCS requirements.

**The VCS is the most widely used carbon standard with over 1500 certified projects.

We completed the certification-validation process with the Colombian Institute of Technical Standards and Certification - ICONTEC: an independent auditor, internationally recognized and approved by VCS.
VCS certifies carbon emissions reductions from Projects:
  • Are based on realistic, credible, transparent & scientific methodologies, protocols and development processes
  • Are additional, would not otherwise occur in a business-as-usual scenario
  • Are permanent, do not cause emissions to materially increase elsewhere (leakage)
  • Do no net harm, do not violate local, state/provincial, national or international regulations or obligations
  • Are only counted once towards a mitigation obligation, have a clear and transparent chain of custody

***GHG emissions reductions from certified-validated projects must be periodically quantified, monitored, reported, and verified by an accredited independent audit - against an international standard - so that they can be turned into tradable emissions credits.

Contact
Cumaribo, Vichada, Colombia

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