Crown Standard for Thai CDM Projects: What is Crown Standard ?
Thailand Greenhouse Gas Management Organization (Public Organization) (TGO) launches its own Crown Standard for Thai CDM Projects. TGO expects the Crown Standard to become an incentive for Thai CDM projects to contribute more to the environment and to society. In addition, the Thai CERs will be internationally recognized and gaining more value added.
Since early 2009, TGO has been consulting with the Gold Standard Foundation to increase recognition of the issuance of Crown Standard. The CDM approval process, criteria for the standard, and monitoring program were reviewed. This approach corresponds well with the initiative of the Gold Standard DNA program. Therefore, the Crown Standard will not only receive recognition, but TGO will also be the first DNA to be formally recognized in the Gold Standard’s DNA Programme.
The project which receives the Crown Standard will have a greater chance of obtaining the Gold Standard in a shorter period of time and probably less approval fee.