Fees

Any stakeholder can register and log in to GCC Projects Portal¹

• Project Owner Account: The Focal Point for the project submission must open a Project Owner account, which will provide opportunity to access online interface of GCC Projects Portal, to upload documents and monitor the project submission from the initial² stage until registration (the stage after completion of project Verification) of the project.
• GCC Verifiers Account: GCC Verifiers are required to create a verifier account to access GCC Projects Portal to upload the ‘Request for Registration’ and Verification reports and other verified documents online. The Project Owner notifies the GCC Operations Team via email (operations@globalcarboncouncil.com) of the verifier contracted for its project.

• For project submissions made to GCC after 15 February 2022, USD 3000 is payable at the time of initial submission of the project to GCC Program.
• For submissions made to GCC on or before 15 February 2022, USD 1000 is payable at the time of submission of a request for registration (the stage after completion of project Verification) of the project to the GCC Program.
• For projects submitted to the GCC Program on or before 15 February 2022 and for which a project registration fee of USD 1,000 was paid, if such project is resubmitted to repeat the Global Stakeholder Consultation (GSC) as may be required by the program process, an additional fee of USD 2,000 shall be billed to the Project Owner to complete the new applicable fee of USD 3,000.

Payable at the time of account opening on the IHS Markit registry³.

The IHS Markit registry facilitates the management of Approved Carbon Credits (ACCs) generated from the GCC project. Opening account⁴ on IHS Markit registry will provide opportunity to accountholder to access both public⁵ as well as internal⁶ online interface of IHS Markit (login with ID and password required). An active registry account depending on the category facilitates the following activities:

• Post-registration submission of monitoring report and ‘Request for Issuance ACCs and/or certification labels;
• Repository and banking of the issued ACCs;
• Portfolio management via IHS Markit dashboard; and
• Initiating ACC transactions (issuance, transfer, retirement).

There are four board categories of accounts:

• Project Owner Account: This account shall be created by the Focal point of the Project owner who has ownership over the ACCs after the project has completed verification and submitted the Request for Registration through the GCC project portal. Opening this type of account allows all four services (a), (b), (c), (d) as stated above.
• Trading Account: This account is designed for buyers of ACCs to be used primarily for trading but not for purposes of a Project Owner account and can be created anytime. Opening this type of account allows only the services stated in (b), (c) and (d) as stated above.
• Other Accounts: This account is to be used primarily by corporates for retiring ACCs for carbon neutrality and for purposes other than meant for a Project Owner account and shall be created anytime. Opening this type of account allows only the services stated in (b), (c) and (d) above.
• GCC Verifiers will be provided free of cost access to this registry after the Project Owner chooses and assigns them to the IHS Markit registry for Emission Reduction Verification services. GCC Verifiers can submit documents online such as verified monitoring reports, Verification reports as well as requests for issuance of ACCs/labels for specific monitoring periods.

Payable annually before the expiry of the account’s validity date.

Issuance Fees per Project Owner per Year Depending on Quantity and Project Type *Example of fees calculation given below

Payable before transfer of ACCs.

Payable before retirement of ACCs

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.

Payable at the time of approval & for each re-approval, valid for 2 years.

Payable directly to the Accreditation body with which the GCC Program has signed a MOU.