PCC FAQ's - Voluntary Carbon Standard (VCS)
 
Fundamentals of the Voluntary Carbon Standard (VCS):

 

  • What are the additionality requirements for VCS projects?


All projects approved under the VCS must be additional, and the additionality requirements are those set out in the methodology that the project uses (e.g., the CDM Tool for demonstration and assessment of additionality or another tool).

  • What is the earliest Project Start Date under the VCS Program?


The project start date is the date on which the project began generating GHG emission reductions or removals (see VCS document AFOLU Requirements for further specification for AFOLU projects). The rules and requirements on project start date, as well as validation and verification dates, are set out in the sections below. For projects registered under both the VCS Program and an approved GHG program, further specification with respect to the validation deadline is set out in Section 3.12
Note – The rules and requirements in relation to project start date (as well as validation and verification dates) under VCS Version 1 are different from VCS 2007, 2007.1 and VCS Version 3, and are provided in VCS document Registration and Issuance Process.

Non-AFOLU projects shall complete validation within two years of the project start date. Additional time is granted for non-AFOLU projects to complete validation where they are applying a new VCS methodology. Specifically, projects using a new VCS methodology and completing validation within one year of the approval of the methodology by the VCSA may complete validation within three years of the project start date.

  • What is the Project Crediting Period under the VCS Program?


The VCS Program makes a distinction between two groups:

  1. For non-AFOLU projects and ALM projects focusing exclusively on reducing N and/or fossil-derived CO emissions, the project crediting period shall be a maximum of ten years which may be renewed at most twice.

  2. For all other AFOLU projects other than such ALM projects, the project crediting period shall be a minimum of 20 years up to a maximum of 100 years, which may be renewed at most four times with a total project crediting period not to exceed 100 years. Where projects fail to renew the project crediting period, the project crediting period shall end and the project shall be ineligible for further crediting.