The Climate Forward Program Manual summarizes the overarching principles, general project accounting guidelines, and rules and procedures for approving methodologies, registering projects, and creating FMUs.
The Climate Forward Confirmation Manual details the requirements of its confirmation program and provides approved confirmation bodies with a standardized approach to the independent and rigorous confirmation of project implementation and estimates of GHG emissions reductions and removals. Confirmation refers to an independent third party (“Confirmation Body”) conducting a site visit and desk audit to confirm the mitigation project has been implemented in accordance with the requirements in the relevant approved forecast methodology and the Climate Forward Program Manual.
Climate Forward Program Fee Schedule
The Reserve imposes required fees that are charged to account holders during the project submittal and registration process. A summary of those fees is below:
|Account and Credit Issuance Fees|
|Account Setup Fee Fee charged upon application for an account||$500|
|Project Submittal Fee (per project) Fee charged upon submission of a project under a Reserve-approved forecast methodology||$500|
|Issuance Fee (per credit) Fee charged per credit issued after a project has received final approval from the Reserve||$0.25|
|Transfer Fee (per credit, paid by transferor) Fee charged for the transfer of credits between account holders||$0.05|
|Retirement (per credit retired) Fee charged to move credits to a locked retirement account and issue retirement certificate||No charge|
|Methodology Approval Fees|
|Screening fee for new methodologies and modifications to Reserve-approved forecast methodologies||$7,500|
|Peer review fee for new methodologies and methodology revisions||Variable|