What is the crediting period for labelling emission reductions after registration with Gold Standard for the Global Goals (GS4GG)?
The labelling of emission reductions after registration with GS4GG is allowed up to the maximum crediting period as per relevant GS4GG activity requirements, or the end of the crediting period with Standard X, whichever occurs first.
For example, if a given project applies for labelling of emission reductions and is registered with Standard X with:
- Fixed crediting period (10 years): The project can seek labelling under GS4GG for maximum up to 10 years but shall not be extended beyond the end date of crediting period with Standard X.
- Renewable crediting period (7 * 3 years): The project can seek labelling up to the maximum crediting period allowed under relevant GS4GG activity requirements. For example, under GS4GG, the maximum crediting period allowed for renewable energy project is 15 years.
- A renewable energy project that has already claimed 5 years under Standard X can claim labelling for 15 years [A1] of the remaining crediting period after transitioning to GS4GG.
- A renewable energy project that has already claimed 10 years under Standard X can claim labelling for 11 years of the remaining crediting period after transitioning to GS4GG (i.e., the end date of crediting period with Standard X).
[A1]Is that right? Shouldn’t it be 16? This is from the RU document