The first step in carbon project development is to assess the project methods and prepare documentation that will be used to evaluate whether it qualifies as an emission reduction activity within a particular greenhouse gas (GHG) reduction program or standard. The project design document details emissions quantification methodologies and provides a scoping document of the costs and benefits of a proposed project.
If initial estimates show that a project is likely to create carbon credits, developers can then estimate the project's cost and financial return. Developers may also use the project design document to compare multiple project scenarios. Once the project design document is complete, it is submitted to a third-party certification program for verification. Upon verification by a certification program, credits are issued and reported to a GHG registry.
Click here for a closer look at how Federal regulations and registry standards may affect your project.