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.

.

Accordingly, once TGO announces the revised T-VER methodology (which takes effect on the day following the board’s resolution for acknowledgment), the previous version of the T-VER methodology may be valid to be used for no more than 180 days from the date of publication. This means that project developers must submit the project documents for registration or renewal crediting period to TGO within the period in which the methodology with previous version remains effective.

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

Guideline_for_Premium_T-VER_Meth_V.02_ENG.pdf