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Community guidelines for accessing forestry voluntary carbon ... - FAO

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Chapter 2: VCM project types and standards<br />

2.9 Comparing standards of the <strong>for</strong>estry VCM<br />

Not all project types are eligible under all standards. Table 3 indicates<br />

which standards accept which project type.<br />

Ex-ante refers to an estimate of <strong>carbon</strong> credits that will be accrued by<br />

the project in future. Ex-post means that <strong>carbon</strong> credits are only certified<br />

once they have been accrued.<br />

In practice this means that the CarbonFix standard registers <strong>carbon</strong><br />

credits that have not yet materialized. The advantage of this is that<br />

potential investors have assurance from the standard that these <strong>carbon</strong><br />

credits will eventually be accrued. The credits have a specific identifier<br />

attached to their serial number that identifies them as ‘futures’. These<br />

are <strong>carbon</strong> benefits that may occur in future if the project is implemented<br />

according to the validated Project Description.<br />

Table 4 shows the numbers and types of projects that have been<br />

certified against the various standards.<br />

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