Principles and avoiding double counting

GHG accounting principles

Projects and methodologies follow six principles adopted from ISO 14064-2:

• Relevance: choose sources, sinks, reservoirs, data and methods suited to the intended user.
• Completeness: include all relevant emissions and removals and the information that supports them.
• Consistency: allow meaningful comparisons.
• Accuracy: reduce bias and uncertainty as far as practical.
• Transparency: disclose enough information for confident decisions.
• Conservativeness: use conservative assumptions so that reductions and removals are not overstated.

Working principles of the Registry

• Climate security: projects should support limiting global warming to 2°C, preferably 1.5°C.
• Confidentiality: NCCF does not disclose proprietary information without the owner’s written approval, unless the law requires it.
• Flexibility: new processes, technologies and methodologies are welcome if they fit the framework.
• Responsiveness: NCCF responds promptly, transparently and impartially to queries, complaints and feedback.
• Cyber security: safeguards against hacking, phishing, fraud and theft of MCUs.
• Legality: the Registry operates within India’s legal framework.

Avoiding double counting

NCCF:

• issues, retires, cancels and tracks MCUs through an electronic registry
• gives every project and methodology a unique serial number, and every request a unique reference number
• issues only one MCU per verified tonne, each with a unique serial number
• checks whether a project is registered under other programmes, and applies the rules for external projects
• does not convert a project from another programme until its withdrawal or cancellation there is proven
• does not transfer or convert credits from other programmes into MCUs

Sources

• Programme Guide v1.0, sections 1.7, 5.1 and 5.2
• Carbon Standard v1.1, section 7