Background

ICR aligns registration requirements with the globally recognized and rigorous ISO 14064-2 standard. This allows project proponents to concentrate on developing their projects following ICR's requirements and ISO 14064-2, as well as any essential tools, without encountering constraints caused by a slow approval process. Our conviction is founded on the fact that ISO standards are industry-accepted best practices created by experts in the field, and represent the most effective way to conduct business. The ISO 14064 standards ensure clarity and consistency in measuring, monitoring, reporting, validating, and verifying emissions reductions, promoting sustainable development through a low-carbon economy, and benefiting organizations, project proponents, and interested parties globally. We have incorporated the ISO 14064-2 standard into our requirements. This standard is GHG program neutral and offers a comprehensive approach to quantifying, monitoring, and reporting GHG emissions at the project level with the aim of reducing or removing emissions. ISO 14064-2 includes essential elements such as planning a GHG project, identifying relevant GHG sources, sinks, and reservoirs, monitoring, quantifying, documenting, reporting project performance, and managing data quality. Climate projects worldwide may be registered under ICR, and carbon credits may be issued. The registered projects may be of two types: emission reduction/avoidance or sequestration/removal, and innovation and new climate solutions are highly encouraged. The registered projects issue International Carbon Credits (ICCs), which are transferable carbon credits that organizations may use to fulfill their climate goals as part of their compensation strategies and targets.