The project developer presents the project or its plan to the CSG Working Group and submits the initial concept in a Project Datasheet, which describes how a contribution to global emission reductions will be achieved. Based on the type of the project, a methodology should be selected and utilized. The methodologies define the way the greenhouse gas emissions reductions will be calculated. If there is no ready-made methodology available for a specific project but the project idea is accepted, the CSG Working Group will start developing a new one in liaison with the project developer.
If the project idea is accepted by the CSG Working Group the project developer is asked to submit the project design document (PDD). The PDD is project-specific documentation that describes the business and technical plan of a project as well as the applied methodology, the monitoring plan and the environmental and social impacts related to the project activities in detail.
The Technical Advisory Panel (TAP) checks whether the final project design document (PDD) complies with all criteria set out by the CSG Standard. The PDD may be approved by the TAP right away, or it may propose amendments to be implemented by the project developer. Upon successful validation, the project, including its documentation, emission reductions and calculations, has to be verified by an independent third-party auditor also.
The verified project and the generated carbon credits are published in an online register where the credits can be tracked, transferred and retired. This is called project registration and credit issuance, respectively. CSG Standard carbon credits are called carbon reduction units (CRUs). The project developer becomes entitled to open an account in the register where the issued credits are placed. All CSG Standard projects and CRUs are shown in the Carbon Registry.
Monitoring takes place usually once in every year to sum up the new units generated during the previous period. Furthermore, the contribution to sustainable development by the project and other important technical parameters are also documented during the monitoring procedure based on the Monitoring Plan (as listed in the PDD). The project developer submits the monitoring report that has to be verified by an independent, third-party auditor. Upon successful verification the monitoring is followed by the issuance of the new credits.