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GCC Fees

GCC Fee Schedule

(USD, Exclusive of VAT)

TYPE OF FEE AMOUNT STAGE OF PAYMENT
GCC Registry Account Opening Fee (one time), USD 1000 Payable at the time of account opening
Project Registration Fee (one time, per project), USD 3000
  • For project submissions made to GCC after 15 February 2022, USD 3000 is payable at the time of initial submission of project to GCC
  • For submissions made to GCC on or before 15 February 2022, USD 1000 is payable at the time of submission of request for registration (the stage after completion of project Verification) of the project to GCC Program.
Annual Registry Account Maintenance Fee
(per year, per account)
1000 Every year
Issuance Fees (USD / ACC) Issuance Fees per Project Owner per Year Depending on Quantity and Project Type
*Example of fees calculation given below
Issuance Quantity Start (ACCs) Issuance Quantity End (ACCs) USD/ACC There are two options available to pay the issuance fees:

Option-1: Payable before issuance of ACCs. Although as per paragraph 72(d) of Program Process document ( GCC Program Processes V4) the issuance and label fees is payable at the time of submission of request for issuance, in view of COVID19 Pandemic GCC Program relaxes the requirement for all the projects that submit requests for registration before 4 July 2022. The issuance fees and label fees for such projects are payable immediately upon communication of Steering Committee’s decision to Project Owners approving issuance of ACCs and SDG+, and/or E+ and/ or S+ labels for the respective monitoring period. The GCC Program and its Carbon Registry Operator IHS Markit will issue the ACCs and labels only upon receiving evidence of the transfer of Fees to GCC account.

Option-2: Project owners can make payment of issuance fees just before the stage of transfer of ACCs. For exercising this option project owners must inform GCC Operation Team about their selection of this option at the time of submission of each request for issuance. Along with submission of the request for Issuance, the Project Owner shall deposit the administrative fees of 10,000 USD for exercising this option. The 50% of this money (5000 USD) shall be refundable and adjusted by Project Owner against future payments to GCC.

Project Type-A1 Project Types-A2, B1, B2
1 1,000,000 0.12 0.15
1,000,001 2,000,000 0.10 0.12
2,000,001 6,000,000 0.09 0.11
6,000,001 8,000,000 0.05 0.07
8,000,001 10,000,000 0.04 0.05
10,000,001           + 0.03 0.04
Transfer Fees (USD / ACC) for all project types (A1, A2, B1, B2) 0.04 Payable before transfer of ACCs.
Retirement Fees (USD / ACC) for all project types (A1, A2, B1, B2) 0.04 Payable before retirement of ACCs
Fees (USD/ACC) for issuance of each label (Social Safeguard Label (S+) or Environment Safeguard Label (E+) or SDG Label (SDG+Bronze/ SDG+Silver/SDG+Gold/ SDG+Platinum/ SDG+Diamond) 0.02 Payable as per option-1 and option-2 stated above. If all the three labels are issued, a fee of USD 0.06/ACC is required to be paid.
Annual GCC Verifier Registration fee (USD/Verifier/Annum) Payable before approval and re-approval
Organizational verifier fee for each 2-year approval 2000

* Example for calculation of ACC issuance fees for issuance of 15 Million ACCs issued to type A1 project in one year for one project owner

Issuance fees (in USD) = 1000000 x 0.12 + (2000000 – 1000000) x 0.10 + (6000000 – 2000000) x 0.09 + (8000000

– 6000000) x 0.05 + (10000000 – 8000000) x 0.04 + (15000000 – 10000000) x 0.03 = USD 9,10,000

A1 type projects: This type includes new futuristic projects, not submitted to any GHG Program, which shall start operations after submission of a complete GCC registration request (the stage after completing project Verification by GCC Verifier and clearing of completeness check by GCC Operations Team). The start date of the crediting period of such GCC Project Activity shall be after registration with the GCC Program, but not more than one year after the Operations Start date. ACCs with or without certification labels (E+, S+, SDG+, C+), can only be issued by GCC Program, for 10 years. A fresh Project Verification shall be conducted for the scope covering GHG and certification labels (E+, S+, SDG+, C+) as required by GCC Program Process.

A2 type projects: These project types shall make the initial submission (for starting Global stakeholder consultation) to the GCC Program before 5 July 2022. A fresh Project Verification shall be conducted for the scope covering GHG and certification labels (E+, S+, SDG+, C+) as required by GCC Program Process. Note that CDM or any other Validation Report is not valid and cannot be used for these project types.

Sub-type 1: This type includes existing operational projects, not submitted to any GHG Program, which have started operations after 1 January 2016. The start date of the crediting period of such GCC Project Activity shall be after 1 Jan 2016 but not more than one year after the Operations Start Date and ACCs can only be issued by GCC Program, for 10 years.

Sub-type 2: This includes those projects, which have been registered with CDM or any Program[3] before 1 Jan 2016 but did not start operations at all on the start date of GSC with the GCC program (i.e., CERs/units have not been issued). These types of projects shall either be deregistered from CDM/under article 6.4/any Program or submit a public undertaking which states that the Project Owner will never submit any request for Issuance or request for renewal of crediting period to CDM-EB/under article 6.4/any authority (if and when applicable) after submission to GCC Program. The start date of the crediting period of such GCC Project Activity shall be after 1 Jan 2016 but not more than one year after the Operations Start Date. ACCs, with or without certification labels, can only be issued by GCC Program, for the remaining crediting period for which CERs/units have not been issued by CDM Executive Board of the UNFCCC or any authority, subject to a ceiling of 10 years under GCC Program.

Sub-type 3: This type includes those projects, which have been registered with CDM or any Program before 1 Jan 2016 but started operations only after 1 Jan 2016 (and CERs/units have not been issued). These types of projects shall either be deregistered from CDM/under article 6.4/any Program or submit a public undertaking which states that the Project Owner will never submit any request for Issuance or request for renewal of crediting period to CDM-EB/under article 6.4/any authority (if and when applicable) after submission to GCC Program. The start date of the crediting period of such GCC Project Activity shall be after 1 Jan 2016 but not more than one year after the Operations Start Date. ACCs, with or without certification labels, can only be issued by GCC Program, for the remaining crediting period for which CERs/units have not been issued by CDM Executive Board of the UNFCCC or any authority, subject to a ceiling of 10 years under GCC Program.

Sub-type 4: This type of projects includes those CDM excluded CPAs, which have been included in CDM registered PoAs after 1 Jan 2016. Such types of projects shall, have started operations after 1 Jan 2016 (CERs may have been issued). Exclusion of CPA from the registered CDM-PoA is required prior to submission to the GCC Program. The start date of the crediting period of such GCC Project Activity shall be after 1 Jan 2016 and same as that stipulated in the included CDM-CPA Project Design Document (as uploaded on the UNFCCC website) of the registered CDM-PoA. ACCs, with or without certification labels, can only be issued by GCC Program, for the remaining crediting period for which CERs have not been issued, by CDM Executive Board of the UNFCCC, which shall not extend beyond end date of the 28 years life of the PoA and subject to a ceiling of 10 years under GCC Program.

 

B-type projects: These types of projects shall either be deregistered from CDM or submit a public undertaking which states that the Project Owner will never submit any request for Issuance or request for renewal of crediting period to CDM-EB or under article 6.4 (if and when applicable) after submission to GCC Program. ACCs, can only be issued, for the remaining crediting period for which CERs have not been issued by CDM Executive Board of the UNFCCC, subject to a ceiling of 10 years under GCC Program. The start date of the crediting period of such GCC Project Activity shall be after 1 Jan 2016 and same as that stipulated in the registered CDM Project Design Document (as uploaded on the UNFCCC website).

B1 type projects: This type includes those CDM projects, which have been registered with CDM after 1 Jan 2016, have started operations after 1 Jan 2016 (CERs may have been issued), and wish to register them with GCC Program, but also wish to claim additional GCC labels (related to contribution to SDGs, Do-No-Net-Harm to Environment and Society, Host Country Attestation on Double Counting). Project Verification is only required for verifying the gaps and part of the additional information in the PSF regarding additional labels and any other information not covered by the CDM Validation Report. For sections related to GHG emission reductions, the CDM Validation Report can be referred.

B2 type projects: These types of projects are similar to type B1 projects but do not not wish to apply for additional certification Labels (related to contribution to SDGs, Do-No-Net-Harm to Environment and Society, Host Country Attestation on Double Counting) and are not eligible for the CORSIA label (C+). Project Verification is not required to be conducted as there is no additional information in the PSF regarding GHG emission reductions that is not covered by the CDM Validation Report. For these projects, the CDM Validation Report may be used instead of the PSF and GCC Project Verification Report and can be directly registered under GCC Program.

 

For exact and detailed requirements of the project types, please refer to paragraph 27 of Clarification No. 1, which shall override and supersede the contents of this this document: https://www.globalcarboncouncil.com/wp-content/uploads/2022/01/Clarification-No.-01.pdf