Project Development Process

Premium T-VER project cycle

Project participant: 

A person who carries out the T-VER project development and is responsible for the T-VER project development process. The project participant may be the owner of the project

Project Owner:

A person who has ownership of the property of the project who shall have ownership of the carbon credits. The project owner may enter into an agreement with the project participant concerning ownership of the carbon credits in case where the project participant and the project owner are different persons.

Validation and verification body for voluntary projects: VVB

A juristic person registered by the Board of Directors as the validation and verification body for voluntary projects in accordance with the regulation prescribed by the Board of Directors and perform validation of voluntary projects and verification of the amounts of greenhouse gases from voluntary projects in accordance with rules, procedures, and conditions prescribed by the Board of Directors.