Transition projects & CPAs seeking issuance of GS-VERs or conversion of GS-CERs to GS-VERs shall issue GS-VERs for a maximum crediting period stipulated in the relevant GS4GG activity requirements

 

The maximum crediting period includes the time that a project or CPA has been issued emission reductions for under the other standard. For example, the Renewable Energy Activity Requirements allows issuance of GS-VERs for maximum 15 years. An eligible renewable energy project that has already issued CERs for 5 years under CDM, can issue GS-VERs for 10 more years under GS4GG.