Oslo: The Clean Development Mechanism (CDM) Executive Board has reinstated DNV’s accreditation for the validation and verification of CDM projects. DNV took swift action to comply after a spot check in November, and is now well prepared to resume CDM validation and verification tasks.
DNV was one of the first organisations to be accredited according to the CDM, and has so far validated close to 50% of the registered projects worldwide. Following the findings of the spot check in early November, the CDM Executive Board decided to temporarily suspend DNV’s accreditation for the validation and verification of CDM projects.
“We took the spot check findings very seriously, and we have allocated our best resources to correct them. Through these actions we have now further formalised and thus improved the documentation of our processes for validation and verification of CDM projects. Today we are better able than ever to carry out this work,” says DNV’s CEO Henrik O. Madsen.
During the suspension period, validation and verification work relating to ongoing projects continued as usual. No projects could, however, be submitted to UNFCCC for registration or requested for issuance of certified emissions reductions. Due to the fact that the on-going projects were progressing normally during the suspension period, only a limited number of projects experienced a delay in their validation and verification processes.
“We have been in close contact with our customers all the way and are grateful that our customers have shown patience with us during this time,” says Mr Madsen.
The reinstatement also means that DNV again is allowed to do Joint Implementation (JI) and Voluntary Carbon Standard (VCS) work.