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What is the crediting period for a VCS version 1 project?

April 26, 2017crediting period project vcs version

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What is the crediting period for a VCS version 1 project?

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Section 5.2.1 sets out that ‘The Project Crediting Period for the VCS v1 shall be the same as for the VCS 2007.1 commencing at the specific Project Crediting Period Start Date’. This means that the crediting period for a VCS version 1 project is ten years, twice renewable, starting at the beginning of the original project crediting period.