Verification process

VVB Verification objectives

Once the project has undergone validation, it transitions to the verification phase with a designated Validation and Verification Body (VVB). The primary objectives of VVB verification are to ascertain the project's ongoing integrity, eligibility, and alignment with the initial projections. Verification is done for each year of the crediting period.

This involves a thorough:

• review of the validity and proof of indicators presented in the Monitoring Plan.

• evaluation of any major reported changes to the project, such as changes in operations or production output. Ensure that the project still meets the eligibility criteria.

• validation of updated LCA calculations (using indicators from the Monitoring Plan), and the corresponding amount of RCCs to issue.

The output of this verification will be used to verify and issue the expected amount of RCCs, cancel (in case of underachievement) or issue additional RCCs (in case of overachievement).

The VVB team must follow the procedures outlined in the “Annual monitoring & verification” section of the Riverse Procedures Manual.

Verification output

Following the comprehensive audit work, the derived results are as follows:

• Consistency: The answers and evidence furnished for each criterion of the Monitoring Plan of the project have been verified and found to be consistent and valid.

• Model: The model employed for CO2 calculation is the same as in the validation process, or is the latest version of related framework

• Data authenticity and estimates: inputs include actual data and where appropriate estimates, and are supported by technical data from reliable and recognised sources;

• Project/Process change: All major project/process change are duly reported and documented

• LCA update: The LCA calculations have been accurately updated to reflect the indicators measured in the Monitoring Plan, and any major project/process changes if any)

• RCCs verification: The annual quantity of removal/avoidance RCCs, based on real ex-ante carbon reductions/sequestration, has been verified.