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Validation and VerificationManualPage 1 /120Version 2 December 2006
The purpose of the Validation and verification manual (VVM) is to represent an independent state-of-the-art manual describing approaches and practices to be applied jointly by Designated Operational Entities (DOEs) and Independent Entities (IEs). The VVM has developed into a well-established tool to support the DOEs’/IE’s important role as partners of the UNFCCC and other regulatory bodies in ensuring a credible market for emission credits. The new ISO 14064 Standards have been developed on the basis of the earlier version of this VVM and the principles contained in the World Business Council for Sustainable Development’s GHG protocol in a process oriented manner. The VVM builds on existing UNFCCC requirements and is not intended to add any newrequirements to the validation and verification process.The VVM must not be used without due consideration of its limitations. In particular, it is the responsibility of the individual DOE to adapt the VVM guidelines, procedures and templates to ensure that they fit perfectly with:the policies and procedures for validation and verification that the respective DOE is likely to have. the specific circumstances of each project in relation to the relevant CDM or JI requirements as provided and interpreted by the competent Kyoto Protocol bodies. Such adaptation can include eliminating or adding items to the VVM validation protocols and verification checklistsSpecific rulings or guidance given by the CDM executive Board or the JI Supervisory Committee. .The VVM is expected to evolve and be updated over time in line with a growing body of project experience.Det Norske Veritas (DNV) has lead the development of this Validation and Verification Manual (VVM), with support of the World Bank, IETA and the DOE Forum. Input to this revision is also provided by IETA, TüV SüdDeutschland, TüV Rheinland, TüV Nord, SGS, PwC South Africa, Perry Johnson, JQA, JCI, JACO, BVQI and AE
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