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The project cycle at a glance

A CR-I project moves from design and listing, through public consultation and validation, to registration. Each monitoring period is then verified before MCUs are issued.

ProjectsLast reviewed 23 October 2026

Steps

StepWhoWhat happens
1. DesignIPPDesign the project with an approved methodology, consult local stakeholders, and prepare the DPD and SCR.
2. ListingIPP, NCCFSubmit the listing form with the DPD and SCR and pay the listing fee. NCCF checks completeness.
3. Public consultationNCCFThe DPD and SCR are published for 30 days of extended stakeholder consultation.
4. ValidationVVBAn empanelled VVB validates the design and issues a Validation Report.
5. RegistrationVVB, NCCFThe VVB submits the request for registration. NCCF reviews within 21 working days; the Governing Council gives final approval.
6. MonitoringIPPThe IPP implements and monitors the project and prepares a Monitoring Report.
7. VerificationVVB, NCCFThe Monitoring Report is published for 21 days of consultation, and a VVB verifies it.
8. IssuanceVVB, NCCFThe VVB submits the request for issuance. After approval and payment of the issuance fee, NCCF issues MCUs.

Steps 6 to 8 repeat for every monitoring period. Along the way a project may need permanent design changes or a renewal of its crediting period.

See the Procedures page for a diagram of the cycle.

Sources

The 17 UN Sustainable Development Goals, with SDG 13 Climate Action highlighted. Every CR-I project contributes to at least four SDGs, including SDG 13.