Premium T-VER Single and Bundle Project Registration Procedure

The project developer must conduct a Project Design Document (PDD) containing the project details, GHG reduction methodology, calculation of removal/reduction of GHG emissions, project monitoring plan including organizing a meeting with relevant stakeholders

Project Design Document (PDD) includes:

• Part 1 Project description
• Part 2 Greenhouse Gas Reduction Methodology
• Part 3 Calculation of removal/reduction of GHG emissions
• Part 4 Project monitoring plan
• Part 5 Stakeholders’ points of view
• Appendix Relevant document/evidence

• Part 1 Project description

            Project details and activities must illustrate an overview of the project activities and the benefits received from the project, such as project activities’ objectives, brief information of the company's operations in relation to project activities, project’s characteristics, operations prior to the implementation of the T-VER project, project’s emission reduction activities, project’s sources and required amount, number of days in operation and the expected amount of GHG emission reduction within the project’s crediting period, double counting, prove of additionality from usual operation (Additionality), right to use the land of the project (only forest and green areas and agricultural projects), risk of emission reduction impermanence (non-permanence risk) (only forest and green areas and agriculture projects).

• Part 2 Greenhouse Gas Reduction Methodology

            The project developer must specify the T-VER Methodology and the tool(s) selected, which must be the latest version. Moreover, the developer must specify the reasons for choosing such methodology. In this case, the methodology must be consistent with project's GHG emission reduction activities.

            For project’s conditions, several components must be identified and described. There are, the nature of the project activities in accordance with the chosen GHG emission reduction methodology, the rationale for the project which is appropriate and consistent with the project activities conditions as stipulated in the selected GHG emission reduction methodology (if any), supporting attachment and/or completely specify documents/evidence in the appendix, in case of more than one selected methodologies, must specify the project activities that fall into the scope of each methodology.

            The project developer must specify the information of baseline scenario and describe the nature of operations before the project implementation and related details that affect the calculation of the amount of GHG emissions from the baseline scenario.

• Part 3 Calculation of removal/reduction of greenhouse gas emissions

The project developer must demonstrate the project's GHG emission reduction calculation which must be in accordance with the regulations and selected tools. 

The expected amount of GHG emission reduction that is specified in the Project Design Document (PDD) and the amount of GHG emission reduction indicated in the monitoring and evaluation report must be identified in an integer number. If it is found that the resulting value has fraction, it must be calculate using 2 digits of the decimal. When the final results which are the expected amount of GHG emission reduction and the actual amount of GHG emission reduction are achieved, the result must eliminate all decimal numbers and must be presented as an integer, as shown below;

An example of a numerical display of the reduced/stored GHG emissions.

• Part 4 Project monitoring plan

For project monitoring, the project developer must provide details of the project monitoring plan, visualization of parameters that are required to be monitored (reference values) and parameters that are not required to be monitored according to methodology and selected tool, including the details of the measurement, measuring method, obtaining information, measurement frequency and calculations to estimate the amount of GHG emission reductions.

Project monitoring should be developed into a monitoring plan to enable project developers or project owners to monitor the implementation GHG emission reductions, ensuring that the amount of GHG emission reductions can be measured and verified fully and accurately.

Monitoring Plan contains details of the measurement of parameters, method of measurement or on how to obtain the correct information, measurement frequency including calculation to assess the amount of GHG emission reductions. The monitoring plan must be consistent with the project's GHG reduction protocol and will be reviewed by validation and verification body (VVB).

• Part 5 Stakeholders’ points of view

            There must be description of the process for collecting feedback from local stakeholders or those who are affected by the project implementation, summarize the received comments, and explain how all the received feedback is taken into consideration. For example, if it can be improved or added to other areas to mitigate environmental impacts or generate environmental, social and economic benefits.

• Appendix Relevant document/evidence

                        Project developers can attach documents or relevant supporting evidence such as license for factory operation and factory expansion in Bangkok (Ror Ngor 4), land title, reference research, design costs, equipment or technology certificates from manufacturers, supporting document for calculation, documents supporting the public hearing, etc

Project developers must prepare documents for registration of Premium T-VER project correctly and completely. The Project Design Document (PDD) must be reviewed for validity by Validation and Verification Body (VVB) and the project developer must receive a validation report by Validation and Verification Body (VVB) for further application for registration of the T-VER project. In addition, the project developer must prepare a Sustainable Development Assessment and Safeguards Assessment Report for the TGO to inspect and use for consideration of project registration.

Premium T-VER project registration process

The Premium T-VER project registration process is as shown in Figure 8 and details are as follows:

• The project developer has verified that the project activities fall within the project category specified by the TGO and comply with the T-VER project registration requirements.
• Project developers organize a meeting to listen to stakeholders' opinions in accordance with the guidelines set by the TGO.
• Project developers send documents requesting the development of Premium T-VER project (Modality of communication: MoC) to TGO.
• Project developers draft project design documents (PDD), Draft Sustainable Development Assessment and Prevention of Negative Impacts Report (SD & Safeguards) and drafting a report assessing the risks of carbon loss from the project impermanence (non-permanence risk) (if any) and have Validation and Verification Body (VVB) verify the validity of the draft PDD and drafting a report assessing the risks of carbon loss from the project impermanence.
• The project developer submits a draft PDD, draft Sustainable Development Assessment and Prevention of Negative Impacts report and drafting a report assessing the risks of carbon loss from the project's impermanence (non-permanence risk) (if any) to the TGO and pay the fee.
• TGO publishes the documents received in item 5) on the TGO's website for 30 days for public hearings.
• VVB use the feedback received to verify the validity of the PDD and the project's non-permanent carbon loss assessment report (if any) and send the validation report to the project developer.
• TGO takes the comments received to support the review of the Sustainable Development Assessment Report and for Prevention of Negative Impacts and let the project developer modify the report (if any).
• Project developers send requests and supporting documents for project registration to TGO.
• TGO receives supporting documents for registration from project developers / project owners and conducting a preliminary document check by considering the completeness and correctness of all documents. If found to be incomplete or inaccurate. TGO will notify the project developer to modify or submit additional documents. The project developer / project owner must modify or submit additional documents within 15 working days by the date of being notified from the TGO.
• TGO checks the correctness of the documents and the essence of the project by considering whether it meets the criteria for registration of the T-VER project or not. If there is a lack of information on the key issues used in the project analysis. TGO will notify the project developer to modify or submit additional information. TGO may inspect the project at the project place more
• TGO presents the details of the projects that have been reviewed to the Project Review and Greenhouse Gas Reduction Activities Sub-Committee for project consideration. and TGO presented to the Greenhouse Gas Management Organization Committee for approval to register the T-VER project.
• TGO informs the result of consideration for registration of T-VER project to project developers. and inform project developers to open a carbon credit account in accordance with the criteria prescribed by TGO.

Determine the time frame for project consideration within 60 working days from the date of receiving the project registration request. In this regard, the consideration for registration of the T-VER project shall be in accordance with the regulations of the Greenhouse Gas Management Organization on the criteria for considering the voluntary greenhouse gas reduction project according to the standards of Thailand. (T-VER) B.E.2565 (2022)