Program
Program Manual
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.
Program Manual revision
The Program Manual was most recently revised in 2021. A public comment period was held from July 19 – August 16, 2021.
- Summary of Changes (December 2021)
Confirmation Manual
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 Confirmation Manual
- Confirmation Training Requirements (April 19, 2023)
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 |
The Reserve imposes required fees that are charged to methodology developers during the methodology submittal and review process. For scenarios that are not clearly described in the below table, the Reserve maintains the right to make a case by case determination on the appropriate fee to be charged. A summary of fees related to methodology submittal and review is below:
Methodology Approval Fees | |
---|---|
Review fee for new methodologies and modifications to Reserve-approved forecast methodologies [1] | $7,500 |
Peer review fee for new methodologies and methodology revisions [2] | Variable |
Review fee per new default value for an existing parameter within relevant methodology parameters document | $500 |
Reforestation – Review fee for new projection (quantification parameter, per projection)[3] | $1,500 |