Procedure for Development of Methodology

The T-VER methodology may be developed by TGO officers or external individuals/entities. The development process follows the steps outlined below.

1) TGO officers or external individuals/entities prepare a draft T-VER methodology in accordance with the structure and format specified by TGO.

2) TGO, in its capacity as the secretariat, reviews the calculation principles, accuracy, and completeness of the draft T-VER methodology. If the document does not meet the required standards, TGO will notify the developer to revise and resubmit the draft T-VER methodology.

3) TGO conducts a stakeholder consultation on the draft T-VER methodology that has completed the review in Step 2 through focus group discussions and public hearing on the Premium T-VER’s website.

4) TGO revises the draft T-VER methodology based on comments and recommendations received from the stakeholder consultation in Step 3.

5) TGO proposes the draft T-VER methodology to the sub-committee on GHG Mitigation Projects and Activities for approval, in accordance with the meeting schedule set by TGO1. In cases where the sub-committee recommends revisions to the draft T-VER methodology, TGO may invite experts to provide additional comment and may request the developer of the draft T-VER Methodology to provide explanations or clarifications as necessary.

6) TGO submits the T-VER methodology approved by the sub-committee to the TGO board for acknowledgment, upon which the T-VER methodology takes effect on the day following the board’s resolution for acknowledgment.

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Further details are available in the Guideline for the Development of Premium T-VER Methodology below.

Guideline_for_Premium_T-VER_Meth_V.01_ENG.pdf