Gold Standard has published clarifications and minor revisions to its standards documentation, to align with requirements set out by the International Civil Aviation Organisation (ICAO) for approval to supply credits for Phase 1 of CORSIA.
Under these revisions, Gold Standard:
- Clarified its policy for managing any reversals of emission reductions or removals that are eligible for CORSIA
- Updated its procedures for verifying reports by host countries on their Article 6 authorisations and their application of corresponding adjustments, as well as managing double claiming
- Introduced new requirements to ensure the avoidance of double claiming between Nationally Determined Contributions and credits used towards CORSIA compliance obligations
- Implemented new procedures for labelling CORSIA Eligible Units in the Gold Standard Impact Registry
In addition, Gold Standard made several updates in November 2024 to reflect new developments in Article 6, including to recognise a template Letter of Authorisation published by the Multilateral Investment Guarantee Agency.
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