V2: Validation/verification bodies to maintain the integrity of ERCs generated by local projects, especially if the country is intending to roll out its own crediting system.
S1: This criterion assesses whether existing country policies provide clear and unambiguous legal definitions of ERCs, along with the transactions that may be conducted with them.
I2: The successful implementation of policies relating to ERCs is highly dependent on well-resourced executing institutions with a clear legal mandate.
I1: A critical factor for the successful implementation of policies related to ERCs is the level of mandate provided to the executing body and core institutions responsible for their implementation.
Each component in the Country System Assessment Framework is discussed in-depth in this section to enable users to develop the Assessment for the target country. Each Component deep-dive will include:
The Country System Assessment Framework was developed to address the overall objective of enabling international ERC-based financing from the generation, monitoring, and monetization of local ERCs.