Rules for Project Registration and Carbon Credit Issuance

            Any project that intends to be developed as a "Premium T-VER project" shall be an activity that is situated in Thailand and can measure real, permanent, and additional greenhouse gas reduction without double counting, contribute to sustainable development, and has a measure in place to prevent negative impacts (safeguards) and does not cause negative impacts (do-no-net harm) according to guidelines prescribed by the Board of Directors.

Projects that intend to be developed as Premium T-VER projects must start the Premium T-VER project development process prior to the project start date and comply with following rules:

(1) Projects in the category (1) to (12) shall apply for registration within three years from the project start date.

(2) Projects in the category (13) and (14) shall apply for registration within five years from the project start date.

(3) Projects in the category (15) shall be in accordance with the notification prescribed by the Board of Directors.

Rules for consideration of registration of Premium T-VER projects:

(1) Be a project that conducts activities in compliance with applicable law and regulations and in accordance with the guideline for Premium T-VER project development;

(2) Holds a stakeholder consultation meeting and a public hearing in a transparent manner;

(3) Project activity does not cause negative impacts or has in place a mitigation plan to avoid negative impacts (do-no-net harm) and support more than two Sustainable Development Goals (SDGs);

(4) The project activity reduces greenhouse gas emissions below business-as-usual (Additionality) according to the rules prescribed by the Board of Directors;

(5) The project activity complies with the T-VER Methodologies;

(6) Estimates the potential greenhouse gas reduction or removal of the project according to the T-VER Methodologies referred to in (5);

(7) Be validated from a validation and verification body for voluntary projects registered by the Board of Directors, with the exception of the Component Project Activities from the second CPA onwards; and

(8) Applies measurement and reporting methods according to the T-VER Methodologies referred to in (5).

Rules for consideration of certifying carbon credits of Premium T-VER projects:

(1) Be a project that conducts activities in compliance with applicable law and regulations and in accordance with the guideline for T-VER project development;

(2) Monitors greenhouse gas reduction or removal and collect data of the T-VER project as indicated in the Project Design Document (PDD) submitted for T-VER project registration;

(3) The amounts of greenhouse gases requested to be certified as carbon credits are calculated according to the T-VER Methodologies as proposed in the Project Design Document (PDD);

(4) the Monitoring Report and the Non-permanence Risk Report (if any) have been verified by a validation and verification body for voluntary projects registered by the Board of Directors;