- Project Boundary: The project boundary should be clearly defined, including the physical extent of the project and the GHG sources and sinks that are included or excluded.
- Additionality: The project should demonstrate that the GHG emissions reductions are additional to what would have occurred in the absence of the project.
- Baseline Emissions: A baseline for the project should be established that represents the most likely scenario of GHG emissions in the absence of the project.
- Monitoring: The project should establish a monitoring plan to ensure that the project is implemented as intended, and to quantify the GHG emissions reductions achieved.
- Reporting: The project should report annually on the GHG emissions reductions achieved, and undergo third-party verification to ensure the accuracy of the reported emissions reductions.
- Permanence: The project should demonstrate that the GHG emissions reductions achieved will be permanent, or will last for a specified period of time.
- Leakage: The project should assess and address the potential for leakage, or the displacement of emissions to other locations or sectors as a result of the project.
- Stakeholder Engagement: The project should engage with stakeholders throughout the project cycle, including local communities, Indigenous peoples, and other relevant groups.
- Social and Environmental Safeguards: The project should identify and address any potential social and environmental risks associated with the project, and implement appropriate safeguards to minimize or mitigate those risks.
- Registry: The project should be registered with an approved GHG registry to ensure transparency and accountability in the accounting and reporting of GHG emissions reductions.
