Podcast
Questions and Answers
What should a project demonstrate if its area overlaps with another standard programme?
What should a project demonstrate if its area overlaps with another standard programme?
- No double counting of impacts (correct)
- Unique ownership of technology
- Compliance with more advanced technology
- A higher impact potential than the other project
What is a requirement for projects regarding Host Country regulations?
What is a requirement for projects regarding Host Country regulations?
- Projects must document only environmental regulations
- There are no specific requirements for local compliance
- Projects should comply with all local legal, environmental, ecological and social regulations (correct)
- Projects must adhere only to international standards
Which documentation must a Project Developer provide as part of Project Documentation?
Which documentation must a Project Developer provide as part of Project Documentation?
- Only the names of project beneficiaries
- Only the project's financial audit report
- Contact details of all Project Participants and their legal registration (correct)
- A detailed marketing plan for the project
What might Gold Standard do with projects identified as having reputational concerns?
What might Gold Standard do with projects identified as having reputational concerns?
How must ownership of products generated under Gold Standard Certification be demonstrated?
How must ownership of products generated under Gold Standard Certification be demonstrated?
What does FPIC stand for in the context of ownership transfer of products?
What does FPIC stand for in the context of ownership transfer of products?
What action must projects take immediately if a land title dispute arises?
What action must projects take immediately if a land title dispute arises?
What must Project Developers declare if they are applying for project activities in an ODA-recipient country?
What must Project Developers declare if they are applying for project activities in an ODA-recipient country?
What is required for project types that need to demonstrate full legal land title or tenure?
What is required for project types that need to demonstrate full legal land title or tenure?
Which principle requires projects to positively impact Climate Security and Sustainable Development?
Which principle requires projects to positively impact Climate Security and Sustainable Development?
What must Project Developers do regarding any known disputes over rights?
What must Project Developers do regarding any known disputes over rights?
What is required to achieve Certification with Gold Standard?
What is required to achieve Certification with Gold Standard?
Which scenario must projects define for certification under Gold Standard?
Which scenario must projects define for certification under Gold Standard?
What must a Project Developer demonstrate regarding resource changes for the project?
What must a Project Developer demonstrate regarding resource changes for the project?
What must a project do to be considered eligible under Gold Standard?
What must a project do to be considered eligible under Gold Standard?
Which of the following is NOT a requirement for Gold Standard certification?
Which of the following is NOT a requirement for Gold Standard certification?
What is meant by 'additionality' in the context of Gold Standard Projects?
What is meant by 'additionality' in the context of Gold Standard Projects?
What is the purpose of the Preliminary Review?
What is the purpose of the Preliminary Review?
What outcome of the Preliminary Review allows a project to proceed to Listing?
What outcome of the Preliminary Review allows a project to proceed to Listing?
Which of the following tools can Gold Standard Projects use to demonstrate additionality?
Which of the following tools can Gold Standard Projects use to demonstrate additionality?
When should the latest version of the additionality tool be applied?
When should the latest version of the additionality tool be applied?
What does Listed status allow the Project Developer to do?
What does Listed status allow the Project Developer to do?
Which of the following is NOT mentioned as a possible outcome of the Preliminary Review?
Which of the following is NOT mentioned as a possible outcome of the Preliminary Review?
What right does Gold Standard reserve regarding proposed additionality tools?
What right does Gold Standard reserve regarding proposed additionality tools?
What can small-scale Gold Standard Projects use under specific Activity Requirements?
What can small-scale Gold Standard Projects use under specific Activity Requirements?
What does Listed status imply for the documentation of the Project?
What does Listed status imply for the documentation of the Project?
What happens after a project completes its Design Certification regarding the additionality tool?
What happens after a project completes its Design Certification regarding the additionality tool?
What is a key limitation of the Preliminary Review process?
What is a key limitation of the Preliminary Review process?
After a successful Preliminary Review, what status does a project achieve?
After a successful Preliminary Review, what status does a project achieve?
What is required for the approval of new additionality tools by Gold Standard?
What is required for the approval of new additionality tools by Gold Standard?
Which of the following statements is correct regarding the nature of CARs, OBs, and FARs?
Which of the following statements is correct regarding the nature of CARs, OBs, and FARs?
What is a potential outcome for projects proposing changes to additionality tools?
What is a potential outcome for projects proposing changes to additionality tools?
What is a mandatory requirement for the submission regarding the project's finance under Gold Standard Certification?
What is a mandatory requirement for the submission regarding the project's finance under Gold Standard Certification?
Which aspect of project income is highlighted in the qualitative narrative for Gold Standard Certification?
Which aspect of project income is highlighted in the qualitative narrative for Gold Standard Certification?
What will happen if no revenue is realized from Gold Standard certification during a specified period?
What will happen if no revenue is realized from Gold Standard certification during a specified period?
What is 'stacking' in relation to Gold Standard Certified projects?
What is 'stacking' in relation to Gold Standard Certified projects?
What must projects demonstrate for each additional revenue stream when seeking to stack certified impact statements?
What must projects demonstrate for each additional revenue stream when seeking to stack certified impact statements?
What type of information may remain confidential during the submission process?
What type of information may remain confidential during the submission process?
Which statement correctly describes the use of information submitted for OFN requirements?
Which statement correctly describes the use of information submitted for OFN requirements?
What must projects provide alongside their financial information when submitting for Gold Standard Certification?
What must projects provide alongside their financial information when submitting for Gold Standard Certification?
What is necessary for a project to begin verification?
What is necessary for a project to begin verification?
What role does a VVB play in the verification process?
What role does a VVB play in the verification process?
How frequently must verification occur during the certification cycle?
How frequently must verification occur during the certification cycle?
Who appoints the VVB for a project?
Who appoints the VVB for a project?
When must the first verification be completed after a project’s implementation date?
When must the first verification be completed after a project’s implementation date?
What must the Project Developer notify Gold Standard about?
What must the Project Developer notify Gold Standard about?
What is a requirement for a VVB when appointed by the Project Developer?
What is a requirement for a VVB when appointed by the Project Developer?
What happens during the verification process?
What happens during the verification process?
Flashcards
Host Country Requirements
Host Country Requirements
Ensuring that project activities are properly documented and meet the legal, environmental, and social standards of the host country.
No Double Counting
No Double Counting
Demonstrating that a project's environmental and social impacts are not counted twice in different programs or certifications.
Reputational Concerns
Reputational Concerns
Gold Standard reserves the right to deny a project's use of the standard if there are concerns about the project's reputation or potential negative impacts.
Legal Ownership
Legal Ownership
Projects must clearly demonstrate ownership of any products generated under Gold Standard certification, such as carbon credits.
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Full and uncontested Legal Ownership
Full and uncontested Legal Ownership
Projects must demonstrate full and transparent ownership of any products generated, ensuring that beneficiaries have given informed consent.
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Reporting Land Title Disputes
Reporting Land Title Disputes
Projects must report any land title or ownership disputes to Gold Standard promptly.
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Activity or Product Requirements
Activity or Product Requirements
Specific project activities, such as carbon sequestration or renewable energy, may have their own requirements, which include demonstrating legal land title or tenure.
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Climate Security and Sustainable Development
Climate Security and Sustainable Development
Ensuring that projects are developed and managed in a way that respects and integrates both climate security and sustainable development goals.
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Full Legal Ownership
Full Legal Ownership
Projects must demonstrate ownership of any products generated through Gold Standard certification, ensuring that beneficiaries have given informed consent.
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Land Title Disputes
Land Title Disputes
Projects must report any land title or ownership disputes to Gold Standard without delay.
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Uncontested Legal Rights
Uncontested Legal Rights
Projects must demonstrate not only legal title but also uncontested legal rights and/or permissions to use resources necessary for the project.
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ODA Declaration
ODA Declaration
Projects seeking funding from Official Development Assistance (ODA) must declare this support during the Gold Standard Certification process.
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Project Eligibility
Project Eligibility
Projects must fall within a pre-identified category of eligible projects or be approved by Gold Standard as a new type.
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Baseline and Project Scenarios
Baseline and Project Scenarios
Projects must outline the environmental, social, and economic conditions without the project (baseline) and with the project (project scenario).
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Positive Impacts
Positive Impacts
Projects must demonstrate positive impacts on climate and sustainable development, aligned with the Sustainable Development Goals (SDGs).
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Project Additionality
Project Additionality
A Gold Standard project must prove that its positive impacts on climate change and sustainable development wouldn't happen without the project itself.
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Additionality Tools
Additionality Tools
These tools are used to demonstrate that a project is truly 'additional' and meets the Gold Standard criteria.
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Additionality Tool Approval
Additionality Tool Approval
Projects can use either a UNFCCC-approved tool or a Gold Standard-approved tool, unless specific requirements state otherwise.
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Latest Additionality Tool Version
Latest Additionality Tool Version
The latest version of a tool must be used when submitting the project for Gold Standard approval.
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New Additionality Tools
New Additionality Tools
Gold Standard allows for proposals of new additionality tools, but they may need adjustments or be rejected.
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New Approaches for Additionality Demonstration
New Approaches for Additionality Demonstration
New ways to demonstrate additionality can be submitted to Gold Standard for approval as part of a new SDG Impact Quantification Methodology.
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Gold Standard's Authority on New Tools
Gold Standard's Authority on New Tools
The Gold Standard reserves the right to make changes, request clarification, or reject proposed additionality tools if necessary.
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The Significance of Additionality
The Significance of Additionality
The Gold Standard ensures projects make a real difference by going beyond what would normally happen.
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Preliminary Review
Preliminary Review
A formal review conducted by Gold Standard to assess a project's compliance with their standards before it can proceed to Validation.
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CARs, FARs, and OBs
CARs, FARs, and OBs
Identified potential issues or concerns raised during a Preliminary Review that require attention and correction.
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Successful Preliminary Review
Successful Preliminary Review
A formal outcome of the Preliminary Review where no significant issues are found and the project can proceed to 'Listing' status.
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Listed Status
Listed Status
A status achieved after a successful Preliminary Review where a project is formally recognized by the Gold Standard but is not yet certified.
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Validation
Validation
A formal process where an independent party assesses a project’s design and documentation to verify its compliance with Gold Standard criteria.
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Unsuccessful Preliminary Review
Unsuccessful Preliminary Review
An outcome of the Preliminary Review where significant issues are identified, requiring further attention before the project can be listed.
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Performance Review
Performance Review
A final stage of the Gold Standard certification process, where a project undergoes ongoing monitoring and verification to ensure it continues to meet the standards.
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Certified Project
Certified Project
A project that has been successfully reviewed, validated, and certified by the Gold Standard.
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Financial Sustainability
Financial Sustainability
The ongoing financial viability of a project, demonstrating how Gold Standard certification contributes to its sustainablity.
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Financial Overview
Financial Overview
A project's income and expenses are broken down by category and amount, showing the impact of certification costs and revenue.
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Certification Impact
Certification Impact
The project's description of how Gold Standard certification contributes to or enhances its sustainability by using the income generated from certification.
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Financial Additionality
Financial Additionality
The project's demonstration of financial benefits, such as income generated, from Gold Standard certification.
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Stacking and Additionality
Stacking and Additionality
When a project issues multiple Gold Standard Certified Impact Statements or products, it must demonstrate that each additional revenue stream offers a unique benefit and value-add to the project.
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Value Justification
Value Justification
Projects must provide evidence-based justification for the need and benefits of each additional revenue stream if they are using stacking.
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Financial Additionality Review (FAR)
Financial Additionality Review (FAR)
A period when no revenue is realized from Gold Standard certification.
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Verification Body (VVB)
Verification Body (VVB)
Verification body (VVB) validates information provided by projects to ensure accuracy.
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What are the steps to initiate Verification?
What are the steps to initiate Verification?
The project achieves Gold Standard Certified Design status, contracts a Verification and Validation Body (VVB), submits a Monitoring Report to the VVB, and officially notifies Gold Standard about the verification process.
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What does the Verification process involve?
What does the Verification process involve?
During Verification, a VVB conducts an on-site assessment to evaluate the project's compliance with Gold Standard requirements, including Activity Requirements, Methodology, and Product Requirements.
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How is the Verification and Validation Body (VVB) selected?
How is the Verification and Validation Body (VVB) selected?
The VVB is chosen by the project developer from a list of approved VVBs specifically qualified for the project type and pathway.
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Can a single VVB handle both Validation and Verification?
Can a single VVB handle both Validation and Verification?
The same VVB can conduct both Validation and Verification, unless specific requirements in the Methodology or Product Requirements state otherwise.
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How often does Verification need to happen?
How often does Verification need to happen?
Verification needs to take place once during the five-year certification cycle, within two years of either the project implementation date or Design Certification, whichever occurs later.
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What defines a project's 'Implementation Date'?
What defines a project's 'Implementation Date'?
The project implementation date is the date when the physical activity first becomes operational.
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What is the purpose of demonstrating Project Additionality?
What is the purpose of demonstrating Project Additionality?
It ensures that the project's positive impacts on climate change and sustainable development are truly 'additional' and wouldn't be achieved without the project itself.
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What does it mean for a project to be 'Additional'?
What does it mean for a project to be 'Additional'?
Projects must demonstrate that their positive impacts on climate change and sustainable development are not a result of other initiatives and wouldn't occur without their direct intervention.
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Core Document Principles & Requirements
- Publication Date: 12.11.2024
- Version: v.2.0 – Effective 5.12.2024
- Next Planned Update: 5.12.2025
- Contact Details:
- Gold Standard Foundation
- International Environment House 2
- Chemin de Balexert 7-9
- 1219 Châtelaine Geneva, Switzerland
- Tel +41 22 788 70 80
- Email help@goldstandard.org
- Summary: This document outlines the mandatory Principles & Requirements for all Gold Standard projects.
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