{"id":322,"date":"2021-10-19T10:39:20","date_gmt":"2021-10-19T10:39:20","guid":{"rendered":"https:\/\/wordpress.circularactionhub.org\/?page_id=322"},"modified":"2022-01-19T16:56:13","modified_gmt":"2022-01-19T16:56:13","slug":"project-cycle","status":"publish","type":"page","link":"https:\/\/www.circularactionhub.org\/certification\/circular-credits-mechanism\/project-cycle\/","title":{"rendered":"Project Cycle"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"322\" class=\"elementor elementor-322\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2e0bb9e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2e0bb9e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4303418\" data-id=\"4303418\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-088730e elementor-widget elementor-widget-spacer\" data-id=\"088730e\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b835c96 elementor-widget elementor-widget-text-editor\" data-id=\"b835c96\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"CDt4Ke zfr3Q\" dir=\"ltr\">Projects must follow the process described below to create and sell credits under&nbsp;<span style=\"color: var( --e-global-color-secondary );\">the Circular Credits Mechanism:<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c1f03ea dce_masking-none elementor-widget elementor-widget-image\" data-id=\"c1f03ea\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"393\" src=\"https:\/\/www.circularactionhub.org\/wp-content\/uploads\/2022\/01\/Project-Cycle-EN.png\" class=\"attachment-large size-large wp-image-5517\" alt=\"\" srcset=\"https:\/\/www.circularactionhub.org\/wp-content\/uploads\/2022\/01\/Project-Cycle-EN.png 937w, https:\/\/www.circularactionhub.org\/wp-content\/uploads\/2022\/01\/Project-Cycle-EN-300x147.png 300w, https:\/\/www.circularactionhub.org\/wp-content\/uploads\/2022\/01\/Project-Cycle-EN-768x377.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-839b172 elementor-widget elementor-widget-spacer\" data-id=\"839b172\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e1cf363 elementor-widget elementor-widget-text-editor\" data-id=\"e1cf363\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ol class=\"n8H08c BKnRcf\"><li class=\"TYR86d wXCUfe zfr3Q\" dir=\"ltr\"><p class=\"CDt4Ke zfr3Q\" dir=\"ltr\"><strong>Project registration form (PRF) completion <\/strong>describing the project activities, the situation prior to the project, the expected project benefits, and the monitoring plan.\u00a0<a href=\"https:\/\/projects.circularactionhub.org\/projects\/\">Click here<\/a>\u00a0to start the process.<\/p><\/li><\/ol><ol class=\"n8H08c BKnRcf\" start=\"2\"><li class=\"TYR86d wXCUfe zfr3Q\" dir=\"ltr\"><p class=\"CDt4Ke zfr3Q\" dir=\"ltr\"><strong>Analysis and registration of the PRF<\/strong>,\u00a0done by\u00a0<a class=\"XqQF9c rXJpyf\" href=\"https:\/\/www.bvrio.org\/\" target=\"_blank\" rel=\"noopener\">BVRio<\/a>\u2019s technical team, to ensure data completeness. The project proponent makes a self-declaration about the project\u2019s expected environmental impact and its compliance with the CCS\u2019s Principles and Criteria. After this:<\/p><ul class=\"n8H08c UVNKR\"><li class=\"TYR86d wXCUfe zfr3Q\" dir=\"ltr\"><p class=\"CDt4Ke zfr3Q\" dir=\"ltr\">The project is registered<\/p><\/li><li class=\"TYR86d wXCUfe zfr3Q\" dir=\"ltr\"><p class=\"CDt4Ke zfr3Q\" dir=\"ltr\">An Estimated Amount of Circular Credits is allocated to the Project<\/p><\/li><\/ul><\/li><\/ol><ol class=\"n8H08c BKnRcf\" start=\"3\"><li class=\"TYR86d wXCUfe zfr3Q\" dir=\"ltr\"><p class=\"CDt4Ke zfr3Q\" dir=\"ltr\"><strong>Implementation of project activities and monitoring of results<\/strong>,\u00a0updating the Estimating Amount reported to the Hub.<\/p><\/li><\/ol><ol class=\"n8H08c BKnRcf\" start=\"4\"><li class=\"TYR86d wXCUfe zfr3Q\" dir=\"ltr\"><p class=\"CDt4Ke zfr3Q\" dir=\"ltr\"><strong>Negotiation and transaction of credits<\/strong><strong>\u00a0<\/strong>&#8211; Once a potential buyer or investor expresses interest in the project, the Hub will help parties negotiate and conclude a transaction, which could result in financial support to the project.<\/p><\/li><\/ol><ol class=\"n8H08c BKnRcf\" start=\"5\"><li class=\"TYR86d wXCUfe zfr3Q\" dir=\"ltr\"><p class=\"CDt4Ke zfr3Q\" dir=\"ltr\"><strong>Verification of the results of the project<\/strong><strong>\u00a0<\/strong>\u2013 at this stage, the buyer will need to contract for verification of the project\u2019s impact and its compliance with the Circular Action Standard&#8217;s Principles and Criteria. Once verification is concluded, the Verified Amount of Circular Credits is allocated to the Project and transferred to the Buyer.<\/p><\/li><\/ol><ol class=\"n8H08c BKnRcf\" start=\"6\"><li class=\"TYR86d wXCUfe zfr3Q\" dir=\"ltr\"><p class=\"CDt4Ke zfr3Q\" dir=\"ltr\"><strong>Retirement of circular credits<\/strong><strong>\u00a0<\/strong>&#8211; once credits are used for any specific claim, the party must inform the Circular Action Hub in order to have these credits retired from the Project\u2019s Registry.<\/p><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Projects must follow the process described below to create and sell credits under\u00a0the Circular Credits Mechanism: Project registration form (PRF) completion describing the project activities, the situation prior to the project, the expected project benefits, and the monitoring plan.\u00a0Click here\u00a0to start the process. Analysis and registration of the PRF,\u00a0done by\u00a0BVRio\u2019s technical team, to ensure data [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":317,"parent":316,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-322","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Project Cycle - Circular Action Hub<\/title>\n<meta name=\"description\" content=\"Projects must follow a process to create and sell credits under the Circular Credits Mechanism.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.circularactionhub.org\/certification\/circular-credits-mechanism\/project-cycle\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Project Cycle - 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