The climate crisis is a global challenge, which does not understand borders and requires a coordinated effort between countries, the private sector, and society in general. It is characterized by a high degree of heterogeneity in the origins of emissions, climatic impacts and the capacity to mitigate greenhouse gases.
In ALLCOT we consider it is necessary to decarbonize society and carbon markets are one of the most efficient long-term alternatives to achieve it. To this end, we participate by developing our own GHG mitigation projects (or programs of activities) that generate marketable carbon credits in international markets. But we also advise public and private entities that want to generate their own carbon credits. We work in all sectors approved by the Executive Board of the Clean Development Mechanism, VERRA and Gold Standard.
For a project to participate in the carbon market, it is necessary that it meets the requirements of the standard. At ALLCOT we work with CDM projects certified by the United Nations Framework Convention on Climate Change as well as VCS, Gold Standard and American Carbon Registry. All our projects must pass a rigorous process in order to verify that the reduction of GHG emissions is additional to those that would occur in the absence of the project activity that is proposed to be registered and that produce benefits that are real, quantifiable and contribute to Climate change mitigation.
Likewise, it must be assessed that the project activity meets the eligibility criteria of the standard chosen during the entire project credit period.
In ALLCOT we apply a 6-step approach:
- Step 1. Determine the needs of the project. Our team of technicians studies the documentation and identifies the standard and methodology that best suits the needs of the project.
- Step 2. Development of a project plan. Taking into account the standard, technology, and location of the project, the assigned technical team will prepare a project plan that includes from the elaboration of the project idea document to the final registration. The team responsible for each project accompanies the promoter in all phases ensuring that the communication flow is maintained in a fluid and efficient way that guarantees the final success of the process.
- Step 3. Preparation of the necessary technical documentation. The ALLCOT technical team develops the technical documentation required by each standard:
- Project Design Document: The cornerstone of the entire project cycle that describes in detail the project to be developed including technical description, environmental assessment, and social activities. It also includes the monitoring plan and methodology, the description of the formulas used to calculate and estimate the associated reductions/absorptions and leaks.
- Tool for calculating the absorption/reduction of emissions generated by the project.
- Risk analysis of non-permanence in forestry projects.
- Any other necessary supporting documentation such as sustainability documentation: Sustainability Report Design for the identification, implementation and reporting of the SDGs to which the project contributes.
- Step 4. Field work. The field work is adapted to the needs of the client and is carried out both during the preparation of the documentation and during the subsequent audit process.
- Step 5. Validation Audit. The validation audit processes are performed by internationally accredited entities. ALLCOT accompanies the project promoters throughout the process resolving any nonconformity or issue that arises from the audited entity.
- Step 6. Project registry management. Once the auditing entity issues the validation opinion, ALLCOT assists project promoters during the registration process with the standard and manages any additional requirements that arise during the final review processes by the Board of Directors of the Standards.
The main benefit of this validation process is to ensure in an independent manner that the requirements of the GHG emission mitigation standard, environmental impact assessment, consultation with stakeholders, and national sustainable development requirements are met. An independent auditing process ensures the final quality of the project and ensures that the standards, requirements and methodologies established in each standard regarding GHG emission mitigation and sustainable development are met.