Explore the ICR program

On this site, you will find requirements, procedures, and templates for climate projects seeking to register with us, as well as templates and documentation for validation and verification. Everything you need to know about the principles a climate project must conform to, the required documentation, and the process of registering with ICR, is available on this site.


black and white birds on green grass

ICR Requirements and ISO 14064-2

Scroll down to read more about how ICRs framework, having its foundation in ISO 14064-2 and principles for credit issuance that arose under UNFCCC’s Clean Development Mechanism, enables project activities’ access to the voluntary carbon market more efficiently and ensures that ICCs are high-integrity carbon credits qualified for voluntary use across the globe.

…Or you can jump straight to the ICR requirement document to explore in detail what’s needed for your project to be registered with ICR!

ICR Templates

All projects need to provide information on their mitigation outcome using ICR templates.

Validation and Verification

Validation/verification bodies (VVBs) assess projects for conformity to ICRs Requirements, ISO 14064-2. VVBs are qualified, independent third parties which ICR approves to conduct validation and verification based on their accreditation.

Fundamental principles

Following the carbon principles ensures that projects generate real, additional, transparent, and verifiable climate impact with high environmental and social integrity.

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ICR Requirements and ISO 14064-2

There’s a need for a standardized, impartial, and neutral approach for prominent climate solutions in the voluntary carbon market space. This is where ICR wants to be a first mover by revoking the requirement of prior approval of a methodology and aligning registration requirements with the robustness of ISO 14064-2. In this way, project proponents are no longer restricted by the inefficiency of methodology approval prior to project implementation for participation in voluntary carbon markets. Instead, they are enabled to develop their project based on ICRs requirements and ISO 14064-2, utilizing any suitable tools necessary to do so.

Our argument lies in the fact that ISO standards are internationally agreed upon best practice guidelines, developed by sectoral experts where the standards represent a formula for the best way of practice. ISO 14064 standards provide clarity and consistency for quantifying, monitoring, reporting, validating, and verifying emission mitigations to support sustainable development through a low-carbon economy and to benefit organizations, project proponents, and interested parties worldwide.

ISO 14064-2
We have aligned the ISO 14064-2 standard to our requirements which is a GHG program neutral standard and provides an excellent approach to project level quantification, monitoring, and reporting activities intended to result in GHG emission reductions or removals. As an essential part, ISO 14064-2 includes requirements for planning a GHG project, identifying and selecting GHG sources, sinks, and reservoirs (SSRs) relevant to the project and baseline scenario, monitoring, quantifying, documenting, and reporting GHG project performance and managing data quality.

ICRs novel approach will increase the efficiency of the voluntary carbon market with credits coming online based on revolutionary methods, benefitting all actors. It will enable newcomers, innovation and most importantly, provide high-integrity credits from quality projects


Fundamental principles

Baseline

All climate projects and their outcomes are compared to an imaginary baseline.
The baseline is a hypothetical reference case that represents best what’s likely to occur in the absence of the project, often referred to as the „business-as-usual“ scenario. The effectiveness of the project outcome lies in the difference between the baseline to the results of the project.

Additionality

Additionality means that a project activity goes beyond the likeliest “business-as-usual” scenario in terms of climate change mitigation. In this way, additionality represents a net environmental benefit and mitigation of GHG emissions from projects across the board.

Projects registering with ICR need to demonstrate that they are additional through a multilevel principle of additionality.

Permanence

Permanence is essential when considering carbon dioxide removal (CDR) projects. Carbon Dioxide removal projects are crucial to enable a global Net-Zero. Both natural and technological CDR solutions are currently gaining traction and it’s essential to ensure that the result from an activity is permanent, as this determines the actual mitigation outcome.


Ex-ante issuance of ICCs

International Carbon Credits (ICCs) can be considered as either ex-ante or ex-post credits. Ex-post is Latin for “after the fact“ and ex-ante means „before the event“. Simply put, ex-post credits are issued after the implementation of the project and represent mitigation outcomes with verified impacts. Ex-ante on the other hand represents mitigations that have been issued based on validated estimates for future mitigation outcomes from the project with vintage in the future and haven’t been verified.

Note that ex-ante credits are not eligible for offsetting and cannot be used for offsetting claims until they’ve been verified and represent real mitigations as ex-post credit. 

Ex-ante issuance of carbon credits however allows organizations to support the implementation of climate projects that heavily rely on carbon revenues for their implementation, operation, and scaling. By definition, Ex-Ante becomes Ex-Post credits in time and can be used later for offsetting purposes when impacts have been proven through verification.


Approved VVBs

ICR RequirementsVersionDate of the newest versionOlder versions
ICR requirement document4.014. October 20223.0
ICR methodology requirements2.014. October 20221.0
ICR approved methodologies3.014. October 20221.0 2.0
ICR definitions1.014. October 2022
ICR ProceduresVersionDate of the newest versionOlder versions
ICR process requirement4.014. October 20222.0 3.0
ICR methodology approval process2.014. October 20221.0
ICR board procedures2.014. October 20221.0
ICR program advisory panel2.014. October 20221.0
TemplatesVersionDate of the newest versionOlder versions
ICR project design description3.014. October 20222.0
ICR monitoring report3.014. October 20222.0
ICR validation report3.014. October 20222.0
ICR verification report3.014. October 20222.0
ICR validation and verification report1.014. October 2022
ICR methodology description2.014. October 20221.0
ICR concept note1.019. February 2022
Validation and Verification BodiesVersionDate of the newest versionOlder versions
VVB application form2.011. August 2021
KYCVersionDate of the newest versionOlder versions
KYC form4.026. October 20213.0 2.0
Other DocumentationVersionDate of the newest versionOlder versions
ICR representation deed2.016. October 2022
Conflict of interest policy1.09. February 2022
Privacy policy2.011. August 2021
Terms and conditions3.04. October 20212.0
ICR registry user guide2.07. July 2022
ISO StandardsYear
ISO 14064-12018
ISO 14064-22019
ISO 14064-32019
ISO 140652020
ISO 140662011
ÍST TS 922022
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