What does VB stand for?

Under the Regulation, an accredited verification body is defined as one that has been accredited to ISO 14065 by a member of the International Accreditation Forum.

In a little noticed statement, Pest Control, the verification body, warns on its website: [Banksy] would encourage anyone wanting to purchase one of his images to do so with extreme caution.

The registered status means a project was inspected by an independent, third-party verification body and found to adhere to the criteria established in the respective Climate Action Reserve protocol and this verification finding and project documentation were reviewed and accepted by the Reserve.

A verification body is qualified to conduct verification services for the WCI if: (i) it has demonstrated knowledge of WCI reporting requirements; and (ii) it is accredited to ISO 14065 (Greenhouse gases – Requirements for greenhouse gas validation and verification bodies for use in accreditation or other forms of recognition) through a program developed under ISO 17011 (Conformity assessment – General requirements for accreditation bodies accrediting conformity assessment bodies) by an accreditation body that is a member of the International Accreditation Forum.

The emission reduction or removal must be verifiable by an accredited third-party Verification Body ensuring that its quantification is accurate, transparent and replicable.

Claiming Offset Credits Offset credits will only be issued after an eligible verification body has verified the project proponent's GHG reduction claim.

According to the Verification Guidance, an accredited third-party verification body would then have to provide a "Verification Statement," which would include a reasonable assurance that the reductions claimed in the GHG Assertion actually occurred.

The Greenhouse Gas Assertion must also undergo certification by an eligible third-party Verification Body upon completion.