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Double Approval Process
Definition:
The VCS approval process which requires any project methodology to undergo two independent assessments by different auditors. The first assessment shall be carried out by an auditor accredited for the Verified Carbon Standard Program and appointed by the project proponent. The Verified Carbon Standard Secretariat, acting on behalf of the Verified Carbon Standard Board, shall choose a different Verified Carbon Standard Program accredited auditor to carry out a second assessment. Both assessments shall cover all relevant Verified Carbon Standard Program requirements.
Source:
Verified Carbon Standard
Category:
Regulatory and Accounting Vocabulary
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Carbon Finance Lexicon
The text is derived from the Finance and Carbon Markets Lexicon prepared by the Forest Carbon, Markets and Communities (FCMC) Program and Tetra Tech ARD and reviewed by the United States Agency for International Development (USAID).
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CARBON FINANCE LEXICON
Afforestation, Reforestation and Revegetation Methodology Vocabulary
Agriculture Land Management Methodology Vocabulary
Avoided Conversion of Grasslands and Shrublands Methodology Vocabulary
Carbon Pools Vocabulary
General Carbon Accounting Methodology Vocabulary
Improved Forest Management Methodology Vocabulary
Peat Rewetting and Conservation Methodology Vocabulary
Performance Vocabulary
Reducing Emissions from Deforestation and Degradation Methodology Vocabulary
Regulatory and Accounting Vocabulary
Risk Management Vocabulary
Valuation Vocabulary
Acronyms and Abbreviations
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