ICBE> Registration> Accreditation Level 3
Cost effective for large Renewable Energy (RE) systems and projects
Available for monitored systems only
System production values discounted for location specific distribution losses,
spill factor, curtailment provisions, fuel powered back up and other factors.
US $5000 + a per MW charge for distributed projects
15%* of ERC's generated
RE System Level 3 Registration Requirements:
Review of all documents an dlegal agreements establishinging system ownership,
rights to credits, system composition, project boundaries, and usage profile
Current photographs, equipment purchase and/or installation receipts
Emission Reduction Certification Requirements:
Historical production profile or energy generaton estimates provided by independent
engineering or consulting reports
System Verification by RE Professional,
Independent Third Party (ITP), or ICBE Agent
Verification of the tamper-proof production monitor at buyers receiving facility
Buyer side metering qualifies as production verification (PPA needs to be reviewed)
Listing Agreement for ICBE, ClimateSafe, and CarbonExchange
85%** of ERC's generated
Certificate of Registration
Weather-proof decals with ICBE RE system registration number
10 year group trading privileges for ICBE,
Full reporting of ERC's extended by ICBE to Host Country, UNFCCC, and
other bodies responsible for tracking GHG reductions
Personal representation of ERC's at national and international venues,
in print media, and on the Internet
Our commitment to deliver ERC's with the highest recognition and market value
* May vary with project size and other factors
** May vary with ERC insurance leve, applied discounts and other factors
About Data Collection
System output is one of the key factors in assigning ERC's. All Level 3 systems
need to be monitored by a dedicated tamper-proof meter, and system production is
compared to real-time emission rates of the local power pool. We commit towards
integrating production and resulting reducton values directly into that system owner's
account. This goal may be in reach in the coming years with new developments in telemetry,
expansion of wireless service areas, and increasing availability of emission data from
public and privately held utilities.
For the moment, though, we work with what is available. This means using benchmark emission
rates where they are available, developing our own fixed emission rates where necessary,
and discounting yearly production values to minimize the risk of over-crediting a system
with ERC's. Site visits and continual monitoring of participating systems will allow
us to fine tune the applied discount factor to where it most precisely intersects real
After registration, you can use the functions of your account ot update that month's
performace and send us the paper copies of output data by mail. We also accommodate
data collection by diskette. We expect that data gathering methods will change over
time to reach this goal and accommodate evolving requirements of UNFCCC and national laws.
About Anonymous Trading Privileges
Anonymous Trading Privileges means you can conduct negotiation directly with a buyer
on the CarbonExchange, without the details becoming public. This may be advantageous to
secure a buyer based on volume, credit time frame, nationality, or other criteria. Anonymous
Trading Privileges provide you with a great amount of flexibility and options. You can also
combine ERC's with others to form a batch. These are called Group Trading Privileges.
About Group Trading Privileges
Group Trading Privileges means you control the price, the amount, and the time
when ERC's are put up for sale, but there is no direct contact with the buyer.
To accommodate large entities who seek many ERC's across several vintage years,
ERC's from Level 1 and Level 2 systems are pooled into batches.
Meanwhile, we keep track of what happens to ERC's on ClimateSafe, CarbonExchange,
and throughout the ICBE Banking environment.
About Site Visits
The extensive paperwork and the availability of production data involved in the
Level 3 accreditation process nearly makes the site visits unnecessary. However,
after initial verification, a random number of site visits are performed each
year, enabling us to revalidate system set up, production, availability,
and usage. This approach enables the ICBE to maintain a high level of
Site visit locations are chosen at random. By registering, participating system
owners give the ICBE the right to inspect a system at any pre-determined time.
A visit may be conducted by a local RE Professional, an Independent Third Party
(ITP) under contract with the ICBE, or one of our own staff.
Site visits are an important part of the process and allow us to stand behind
the credits we issue. Site visits increase our ability to accurately compensate
systems with ERC's and enhance buyer confidence in our product.