Account types

The four account types

Account	Who it is for	What it can do
IPP	Independent Project Proponents and Delegate Entities	Register projects, request post-registration changes, verification, certification and issuance of MCUs, renew crediting periods, and hold, transfer, retire or cancel MCUs.
VVB	Empanelled Validation and Verification Bodies	Carry out validation, verification and methodology assessment, and submit the related requests to NCCF.
IMD	Independent Methodology Developers	Submit methodologies and tools, and their revisions, for approval.
TO	Transactional Organisations	Trade, transfer and manage MCUs, including retirement and cancellation. A TO account cannot submit projects or methodologies.

Projects with several proponents

Projects are proposed and registered from the account of the Delegate Entity. For a project cluster, the Delegate Entity must hold an IPP account, and MCUs are issued into it.

The CR-I Buffer Pool account

NCCF manages a separate Buffer Pool account that holds MCUs contributed by land-based projects to cover reversal risk. MCUs in it cannot be transferred or traded. See Reversal risk and the buffer pool.

Sources

• Programme Guide v1.0, sections 11.1.1 and 11.1.4
• Carbon Standard v1.1, section 9.3
• Guidelines for Clustering of Individual Projects v1.0, section 4.1.6