Key aspects include:
Alignment with Paris Agreement: Ensures compatibility with Article 6.4 mechanism rules and Article 6.2 guidance
Broad Scope: Applies to all new and revised methodologies submitted for GS4GG approval
Guiding Principles: Outlines 15 core principles based on Article 6.4 Rules, Modalities and Procedures (RMPs)
The standard covers crucial areas for ensuring credible and effective carbon credit generation. It emphasizes encouraging increased ambition over time, ensuring environmental integrity, and promoting sustainable development. Additionally, the standard addresses key aspects such as uncertainty and data quality, incorporation of relevant policies and contexts, demonstration of additionality, and management of non-permanence and reversals. These comprehensive guidelines aim to establish a robust framework for developing and implementing carbon credit methodologies that are both effective and credible.
It provides guidance on key methodological approaches, including baseline setting, additionality demonstration, and monitoring requirements. The standard also allows flexibility for adapting requirements to policy, jurisdictional, or sectoral program crediting approaches.
This document serves as an essential reference for stakeholders involved in methodology development and evaluation, including developers, the GS4GG Secretariat, Methodologies Working Groups, and the Technical Advisory Committee.
