Our data model determines the eligibility of credits for their use under various market instruments, schemes and frameworks. Currently, VAI shows the eligibility of specific projects and vintages for their use under the following:
- Article 6 of the Paris Agreement
- International Civil Aviation Organization’s (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA)
- ICVCM’s Core Carbon Principles
- CBL Market’s standardized contracts
- Climate Active
Please note that the summary description of these instruments, schemes or labels is not comprehensive of their eligibility rules. For more details on how this determination is made, please see the references below.
|
Category |
Code |
Name |
Summary |
|
Article 6 |
Article 6.2 - NDC |
Article 6.2 - For use toward a country’s Nationally Determined Contributions (NDCs) |
Credit will be correspondingly adjusted by the host country and may be used by a country to meet its NDCs including their use by companies to meet obligations under an emissions trading systems or carbon tax. |
|
Article 6.2 - International Mitigation |
Article 6.2 - For use toward international mitigation purposes |
Credit will be correspondingly adjusted by the host country and may be used toward international treaties other than the Paris Agreement (e.g. CORSIA). |
|
|
Article 6.2 - Other |
Article 6.2 - For use toward other international mitigation purposes |
Credit will be correspondingly adjusted by the host country and may be used for any other purposes, including fulfilling voluntary emissions pledges. |
|
|
Article 6.4 |
Article 6.4 Mechanism |
Credit meets the criteria to be transitioned to the Article 6.4 Mechanism |
|
|
CCP |
CCP |
ICVCM’s Core Carbon Principles |
Credit meets the criteria defined by the ICVCM’s Core Carbon Principles |
CORSIA |
CORSIA-1 |
Phase 1 of Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) |
Credit meets the criteria to be used to offset greenhouse gas emissions from international aviation under Phase 1 of CORSIA |
|
CORSIA-PILOT |
Pilot phase of Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) |
Credit meets the criteria to be used to offset greenhouse gas emissions from international aviation under the Pilot Phase of CORSIA |
|
|
CBL |
GEO |
Global Emissions Offset |
Credit meets the CORSIA eligibility rules |
|
N-GEO |
Nature-Based Global Emissions Offset |
Credit from a nature-based solution certified with the Climate, Community and Biodiversity (CCB) Standard for the specified vintages |
|
|
N-GEO-TR |
Nature-Based Global Emissions Offset Trailing |
Credit from a nature-based solution certified with the Climate, Community and Biodiversity (CCB) Standard for the specified vintages (earlier than those from N-GEO) |
|
|
C-GEO |
Core Global Emissions Offset (Spot and Futures Contract) |
Credit from a technology-based solution for the specified vintages |
|
|
C-GEO-TR |
Core Global Emissions Offset Trailing |
Credit from a technology-based solution for the specified vintages (earlier than those from C-GEO) |
|
|
SD-GEO |
Sustainable Development Global Emissions Offset |
Credit from a cookstove project with at least five SDGs reported by the project proponent |
|
|
Climate Active |
Climate Active |
Climate Active offset |
Credit eligible to be used toward Australia’s Climate Active certification |
Depending on the availability and completeness of the required data points to determine eligibilities for the schemes/instruments above, a vintage may be deemed:
- “Eligible” if all the data is available and sufficient to make the determination fr the vintage eligibility.
- “Undefined” if there is evidence that the vintage may be eligible but there are still some uncertainties, such as:
- There are data gaps to make the determination
- Issuance is not yet eligible for the instrument
- There are uncertainties given the discretion of the registries, exchanges or host countries
- Rules for eligibility are still pending (e.g. ICVCM’s CCPs or CORSIA Phase 1)
- “Not Eligible” if the vintage does not meet the criteria
- “Not Evaluated” if the eligibility has yet to be determined by VAI through the collection of additional data points.
VAI makes no express or implied representations or warranties as to a projects’ eligibility for any standardized instrument. VAI does not represent or warrant that the information displayed or accessed is accurate or complete and you must independently confirm or otherwise a projects' eligibility for any standardized instruments.
Official eligibility rules:
ICVCM’s Core Carbon Principles
Verra (CORSIA)
Gold Standard (CORSIA)