Validation and verification

All projects are subject to validation of projects and mitigations subject to 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.

Validation and verification cycle

Validation

Validation is the process of evaluating the reasonableness of the assumption, limitations, and methods that support the statement of the outcome of the implementation of the project and its activities and a project's conformity to the ICR requirements and ISO 14064-2. All projects are subject to validation. Validation involves determining the project methodology and a project's eligibility to generate GHG emission mitigation outcomes on an ex-ante basis. Validation shall be conducted according to ISO 14064-3 and ISO 14065. The validation report shall be made public.

Verification

Verification is the process of evaluating and independently determining if the outcome of the implementation of the project ex-post and its activities and conformity to the ICR requirements and ISO 14064-2 based on historical data and information. All projects are subject to verification of the implementation of projects and mitigation outcomes. The same VVB shall be contracted to carry out validation and the first verification unless the VVB does not fulfill the requirements for conducting the verification.

Validation and Verification bodies

Validation and verification bodies are eligible to provide validation and verification services under the ICR if they have signed an agreement with ICR and are accredited under an ICR approved GHG program and/or accredited under ISO 14065 by an accreditation body that is a member of the International Accreditation Forum (IAF).