1. CDM Activity Cycle under the Marrakech Accords

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

3. 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

4. 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

5. 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

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