A CDM project/CPA shall undergo renewal of its crediting period under Gold Standard for the Global Goals (GS4GG) following a 5 year crediting cycle. This is further explained using the examples below: 

 

The maximum crediting period for a Community Services Activity (CSA) project under GS4GG is 15 years. A CSA transitioning to GS4GG, shall follow crediting period cycle as below – 

 

EXAMPLE 1: RENEWABLE CREDITING PERIOD

A CDM CSA project registered with 7X3 = 21 year crediting period.


If the start date of the 1st crediting period is 01/01/2018, the first crediting cycle under GS4GG will end after 5 years, the 2nd crediting period starts on 31/12/2022 and the 3rd crediting period on 30/12/2027 -- see table below.

 

 


 CP start date

1st CP

2nd CP

3rd CP

CP end date

CDM

7 Yr CP cycle 

01/01/2018

30/12/2024

29/12/2031

27/12/2038

GS4GG

5 yr CP cycle

01/01/2018

31/12/2022

30/12/2027

28/12/2032

 


EXAMPLE 2: FIXED CREDITING PERIOD

A CSA project registered with 10-year fixed crediting period under CDM.


If the start date of crediting period is 01/01/2018. This project must convert to a renewable cycle under GS4GG; the first crediting cycle will end after 5 years and the 2nd crediting period starts on 12/31/2022. The project will be able to claim a maximum crediting period of 10 years across both Standard -- see table below.

 


 CP start date

1st CP

2nd CP

CP end date

CDM

10 yr fixed

1/1/2018

NA

30/12/2027

GS4GG

5 yr cycle

1/1/2018

31/12/2022

30/12/2027