In accordance with ICAO’s Eligible Emissions Units, only GS VERs that meet the below criteria are eligible for use under the First Phase:
GS VERs that:
- Are issued to activities that started their first crediting period from 1 January 2016 and were issued in respect of emission reductions that occurred from 1 January 2021 through to 31 December 2026, and
- Have been authorised by the host country for use in CORSIA by way of an attestation to the avoidance of double claiming, and
- For which the programme has verified, in accordance with its procedures, that either:
- The host country has already applied a corresponding adjustment, and/or
- The GS-VERs are the subject of a guarantee approved by the programme that covers all units to which the host country Letter of Authorisation applies and have Eligible Unit Dates within the relevant CORSIA compliance period.
- Are not from any of the below excluded categories:
- Planned Emission Reductions (PERs).
- Units issued to microscale activities where an accredited entity has not carried out validation and verification.
- VERs issued to all activities that are developed in REDD+ (Reducing emissions from deforestation and forest degradation in developing countries) countries and utilise methodologies in the programme’s Land Use and Forestry & Agriculture categories and are estimated to generate greater than 7,000 Verified Emissions Reductions (VERs) / annum individually or grouped, with the allowable exception of activities that utilise methodologies in Gold Standard’s Soil Organic Carbon, Agriculture, and Livestock categories.
- VERs issued to activities involving grid-connected renewable electricity generation/supply that are estimated to have a maximum output capacity greater than 15 megawatt-hours of electricity, individually or grouped.
- VERs issued to all activities that utilize methodologies in the programme’s Engineered Removals category.
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