Project Crediting Period definition

Project Crediting Period means the time period for which Reductions generated by the Project are eligible for issuance as VCUs, the rules with respect to the length of such time period and the renewal of the project crediting period being set out in the VCS Standard;

Project Crediting Period means the time period for which plastic waste collected and/or recycled by the Project is eligible for issuance of Plastic Credits. The Plastic Standard sets out rules for the length of the crediting period and its renewal;

Project Crediting Period means for non-AFOLU (Agriculture, Forestry and Other Land Use) Projects and Agricultural Land Management projects focusing exclusively on emissions reductions of N2O, CH4 and/or fossil-derived CO2, a maximum of 10 years which may be renewed at most two times, and for AFOLU Projects other than such Agricultural Land Management projects, a minimum of 20 years up to a maximum of 100 years;

Examples of Project Crediting Period in a sentence

• Project Duration OR Project Crediting Period: Defines the time period for which a project’s GHG reductions or removals are valid and eligible to be verified for credits.

• The earliest Project Crediting Period Start Date under the VCS 2007.1 shall be 28 March 2006 for non-AFOLU projects with 10 years as the crediting period.

• Other terms – including those related to deviations, revisions, stands, factors, project tests for additionality, monitoring and records – were found to be consistent.Conformance: Yes No N/ANon‐Conformity Reports:Finding: Part II, Section 2 and various references to the “start of the IFM VCS project activity” within Part II, Sections 4 though 8: The VSC Standard differentiates between Project Start Date and Project Crediting Period Start Date.

• Identified Agent is the known entity that is planning to convert a particular parcel of grassland or shrubland to cropland (e.g., a particular local landowner).Land Conservation Agreement is an easement, covenant, deed restrictions, or other legal agreement that may be employed to maintain the project land cover during the Project Crediting Period.

• It is unlikely that the FA would grantaccession to more than one entity.2. Why is there a need for more than one VCU account holder?Under a previous agreement between TGC and FA, TGC is guaranteed a percent of the credits in return for their carbon development work, so itneeds a separate account for this transfer.3. How is the Project Crediting Period defined?The period of 30 years is specified in the ProjectDocument.

• VCS definitions are as follows: Project Start Date: Date on which the project began reducing or removing GHG emissions Project Crediting Period Start Date: The date on which the first monitoring period commences An applicability condition has been added.Validator Response: The added applicability condition satisfactorily clarifies the Project Start Date and Project Crediting Period Start Date.

• DNV has confirmed that Wildlife Works Carbon LLC has the right to all and any reductions generated by the project during the Project Crediting Period.

• The earliest Project Crediting Period start date for AFOLU projects shall be 1 January 2002 or as defined in most recent version of the VCS Standard.

• Specifically, the methodology referred to the “start of the IFM VCS project activity” without reference to the Project Start Date and Project Crediting Period Start Date (see NIR 1of 6 for July 23, 2009).

• The dates and time frames for the following project events must be defined in the project description: • Project Crediting Period start date• Length of the Project Crediting Period, including end date• Dates and intervals of project baseline revaluation (baseline revaluation every 10 years, unless catastrophic or other structural shifts occur to justify a revaluation at time of next verification).• Time of enrollment for new Participant Fields included in the project.