CDM Activity Cycle under the Marrakech Accords

1. Project Design A document with the information needed about the proposed CDM project. Project participants

2. Validation and Registration Validation is the process of independent evaluation of a CDM project. Registration is the formal acceptance of a validated project. Operational entity Executive Board

3. Monitoring The collection and archiving of all relevant data necessary for establishing GHG emissions by sources occurring within the project boundary during the crediting period. Project participants

4. Verification and certification Verification is the periodic independent review and determination that GHG reductions have occurred as a result of a registered CDM project activity during the verification period. Operational entity

Certification is the written assurance that a project activity achieved the GHG reductions stated during the specified time period. Operational entity