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This section is intended to be a living document and will be reviewed at regular intervals. The Guidelines have not been prepared with any specific transaction in mind and are meant to serve only as general guidance. It is therefore critical that the Guidelines be reviewed and adapted for specific transactions. Unless expressly stated otherwise, the findings, interpretations, and conclusions expressed in the Materials in this Site are those of the various authors of the Materials and are not necessarily those of The World Bank Group, its member institutions, or their respective Boards of Executive Directors or member countries. For feedback on the content of this section of the website or suggestions for links or materials that could be included, please contact the PPPLRC at ppp@worldbank.org.

 

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Emission Reduction Program
Guidance in Assessing ERC Projects
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Watch this space. Unlocking Global Emission Reduction Credit is intended to be a living document and will be reviewed at regular intervals. Check the page below or download the following reports: Strategic Guidance for Country System Assessments and Guidance for Countries in Assessing ERC Projects, or the Mobilizing ERC Finance. Let us know what you think by taking a Quick Survey.

 

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Initial Profiling and Preliminary Decision

Initial Profiling and Preliminary Decision provides a deep dive on Step One and Step Two of the assessment process, covering each of the assessable criterion in the initial profiling step, and how these should be evaluated to inform a preliminary decision and high-level recommendations for improvement. The first step aims to provide a high-level understanding of the project’s context, estimate its potential value, and ascertain that its fundamentals for generating ERCs are in accordance with VCM standards. It will also take the inputs from Step Zero to assess the project’s alignment with any specific country objectives that may be in place, based on its project type or sector. The Project Profile Template in Appendix A provides a guide to conducting initial profiling as laid out in Step Two.

The sections below will describe each criterion and its method for the evaluation, following either a checklist or rating indicated in Introduction to the Project Assessment Framework, where the list of criteria is as follows:

  • F1: Project ERC value

  • F2: Additional value enabled by project

  • C1, C2, and C3: Carbon integrity and environmental and social risk management

  • S2: Socioeconomic value

Sections

Project ERC Value (Initial Profiling and… F1: How to assess the project’s high-level potential for value maximization, or the potential value that the project… more
Additional Value Enabled by Project (Initial… F2: Products or services that generate additional non-ERC revenue.
Carbon Integrity and Environmental and Social… C1, C2, and C3: The project’s technical eligibility for generating ERCs that would meet the standard for quality and… more
Socioeconomic Value (Initial Profiling and… S2: Determining the wider contributions to the environment and community.
Note/s:

This section is intended to be a living document and will be reviewed at regular intervals. The Guidelines have not been prepared with any specific transaction in mind and are meant to serve only as general guidance. It is therefore critical that the Guidelines be reviewed and adapted for specific transactions. Unless expressly stated otherwise, the findings, interpretations, and conclusions expressed in the Materials in this Site are those of the various authors of the Materials and are not necessarily those of The World Bank Group, its member institutions, or their respective Boards of Executive Directors or member countries. For feedback on the content of this section of the website or suggestions for links or materials that could be included, please contact the PPPLRC at ppp@worldbank.org.