Can projects create offsets with an earlier vintage, or is it only possible to create credits from reductions in the current year?
We have updated our procedures to allow for back crediting of projects for a one year period after a new protocol is developed. Projects that began operating as far back as 24 months prior to the effective date of a new protocol are considered pre-existing projects. Pre-existing projects are eligible to become listed with the Reserve for a period of 12 months from the formal adoption date (“effective date”) of the new protocol. This is to ensure that the Reserve is providing “early actors” (those that implemented a GHG reduction project prior to a project protocol being available for their project activity) enough time to list their project. Pre-existing projects that fail to list within this 12-month period, however, will be considered non-additional and excluded from eligibility.
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