Introduction to the VVM

The International Emissions Trading Association (IETA) and the World Bank Carbon Finance Group / Prototype Carbon Fund (WB PCF) initiated in 2002 the process to establish a common CDM and JI Validation & Verification Manual that could be used by a wide range of stakeholders who were involved in developing, financing, validating and verifying CDM and JI projects.

Det Norske Veritas Certification (DNV) has lead the development of this Validation & Verification Manual, which replaces the World Bank’s Prototype Carbon Fund’s (PCF) earlier Preliminary Validation Manual, issued in November 2000.  Input to this revision is also provided by TÜV Süddeutschland and KPMG, and comments are provided by other certification bodies applying for CDM accreditation.

This first draft was published on the IETA website in May 2003 and subsequently made available for road testing the fall of 2003. All leading validators & verifiers have used the manual subsequently and in March 2004 the final draft was made available.  The formal launch of the manual occurred during the CarboExpo in Cologne July 2004.

The complete Validation & Verification Manual can be downloaded from our Library Section of the website or by visiting the respective webpage above.

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VVManual

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