To qualify as a BVC investment, a project should meet these general criteria:
Beyond value chain - the project occurs outside of the certifying entity’s value chain (operations or supply chain) and will not affect the annual GHG inventory
Quantifiable - the BVC instrument is a contract for a specific and quantified climate outcome, such as a tonne of carbon dioxide removed, a megawatt-hour of clean electricity generated, or a tonne-mile of zero-emissions shipping
Retired - the BVC instrument is retired by or on behalf of the certifying entity and no longer tradable
In addition, a BVC instrument must meet the core requirements of the Certification Standard. See Section 3.3a and b for details.
If you have questions about any of the requirements, reach out to certify@changeclimate.org to confirm the details BEFORE you purchase anything.