Under Kyoto Protocol, developed countries are to reduce their greenhouse gas (GHG) emissions and this can also be done by purchasing certified emission reductions (CERs) from developing countries such as India. These can be bought either from financial exchanges or from projects in developing countries which reduce emissions. This arrangement is known as Clean Development Mechanism (CDM).
United Nations Framework Convention on Climate Change (UNFCCC) has accredited some bodies as a “Designated Operational Entity” (DOE) to validate and verify projects before they earn CERs. TÜV SÜD is the first DOE to get an accreditation for validating and verifying CDM projects under all the scopes.
TÜV SÜD South Asia is amongst the leading DOEs in world, with over 1000 validation and verification projects, and was the first DOE to register a project and subsequently issue CERs in the country.
TÜV SÜD has also developed its own VER+ standard for the assessment of ‘Verified Emission Reduction’ credits (VER) for the climate change projects in the unregulated and voluntary market.