Robust MRV Approaches

V1: Robust Monitoring, Reporting, Verification (MRV) approaches can provide the necessary support to ensure high-quality ERCs. 

Adequate VVB capabilities

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.

Streamlined Project Permitting

S2: Streamlined permitting processes for ERC projects are essential for project developers to deploy capacity and resources to any market.

Well-Defined Asset Rights

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.

Capabilities Developed

I2: The successful implementation of policies relating to ERCs is highly dependent on well-resourced executing institutions with a clear legal mandate.

Appropriate Institutional Mandates

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.