Gold Standard for the Global Goals Fee Schedule
The following Fee Schedule is effective as of 14 August 2017 for all Gold Standard for the Global Goals Projects. Until existing projects transition to Gold Standard for the Global Goals, the Version 2.2 Fee Schedule will apply. Below please find a summary of the key changes and the rationale behind them:
Separating certification fees from standard fees. As Gold Standard works toward full ISEAL compliance, an important step is to separate certification fees from standard fees. Here, the certification fees are listed under “Certification Review Fees” and the standard fees are listed under “Fees for First Year of Issuance” and “Subsequent Issuances.”
Timing of payments. In 2017, Gold Standard changed the architecture of its certification review system to rely primarily on independent external reviewers for certification reviews rather than an internal review team. As a result, a certification review fee before each review was needed to ensure that external reviewers are properly and fairly compensated for their time.
Fee deductions. It was important to us that there would be no net increase in fees for our current portfolio as a result of the change in the timing of fee payments. To ensure that there would be no fee increase for existing carbon projects, we have structured the schedule such that fees paid for Preliminary Review are deducted from the Project Design Review Fee; likewise, Performance Review Fees deducted from Issuance Fees.
Please note that this Fee Schedule only covers products and services available as of 14 August 2017 when Gold Standard for the Global Goals enters into force. New products and services will be priced when they become available. In addition, there may be cases not contemplated by this fee schedule. Please contact email@example.com if you have a question about the fee schedule.
- All fees quoted are in US dollars (USD).
- All applicable fees must be paid before any review will commence.
- Gold Standard reserves the right to suspend any Registry account due to non-payment of fees for more than 60 days. All suspended Registry accounts must pay the Registry reactivation fee to terminate a suspension.
- Any fee charged by SustainCERT may be subject to an additional 17% VAT in accordance with Luxembourg law.
|Project Types/Party||Fee Type||Fee|
|All||Annual Registry Account Fee||$1,000 per account|
|All||Account Reactivation Fee||$2,500 per suspension|
|Certification Review Fees|
|Microscale Carbon||Preliminary Review||$500 per project|
|LUF Carbon||Preliminary Review||$3,500 per project|
|All other||Preliminary Review||$900 per project|
|VER Carbon||Project Design Review||$0.15 per credit minus Preliminary Review Fee|
|GS CER Carbon||Project Design Review||$0.05 per credit minus Preliminary Review Fee|
|Renewable Energy Labels||Project Design Review||$1,500 per project|
|LUF Carbon||Project Design Review||$1,500 per project|
|ADALYs, Black Carbon||Project Design Review||$4,500 per project|
|Microscale Carbon||Performance Review||$650 per project|
|LUF Carbon||Performance Review||$1,500 per project|
|ADALYs, Black Carbon||Performance Review||$4,500 per project|
|All other||Performance Review||$1,000 per project|
|Fees for First Year of Issuance|
|Carbon||Gold Standard VER (Cash Fee and SOP)||$0.15 per credit minus Performance Review fee paid|
|Carbon||Gold Standard CERs (Cash Fee and SOP)||$0.05 per credit minus Performance Review Fee|
|ADALYs||—||To be determined|
|RECs||—||$0.10 per certificate|
|Carbon||Gold Standard VER Cash Fee Structure||$0.30 per credit minus Performance Review fee paid|
|Carbon||Gold Standard CER Cash Fee Structure||$0.10 per credit minus Performance Review fee paid|
|Carbon||Gold Standard VER SOP Fee Structure||$0.10 per credit + 2% of issuance minus Performance Review fee paid|
|Carbon||Gold Standard CER SOP Fee Structure||$0.02 per credit plus 1.5% of issuance minus Performance Review fee paid|
|ADALYs||—||To be determined|
|RECs||—||$0.10 per certificate|
|Microscale Validation and Verification Fund Fees (Standalone & Programme)|
|Carbon||Standalone – Validation Fee||$5,000 per project|
|Carbon||Standalone – Annual Verification Fee||$2,500 per project per year|
|Carbon||Programme – Validation||$20,000 per programme|
|Carbon||Programme – 1st VPA Validation Fee||$2,500|
|Carbon||Programme – Inclusion/Validation Fee||$2,500 per additional VPA|
|Carbon||Programme – Annual Verification Fee||$1,500 per VPA|
|Carbon||Additional Rounds of Review||$50 per hour|
|Carbon||Crediting Renewal Period Fee||$0.15 per credit (annual average)|
|Carbon||Design Change Fee||The greater of $500 or $0.10 per credit, plus any applicable issuance fee|
|Carbon||Expedited Review Fee||$2,500|
|Carbon||Methodology Approval Fee||Please contact Gold Standard|
|LUF Carbon||Soil Review Fee||$500|
|LUF Carbon||New Area Certification||$1500|
|Carbon||Gold Standard CER to Gold Standard VER||
Dependent upon any required certification reviews (please contact Gold Standard)
|Carbon||Projects transitioning from CDM to Gold Standard for the Global Goals||More information on the fee model can be found on the featured requirements for CDM transition>>|
|Renewable Energy Labels (for RECs)||Gold Standard VER/CER to Renewable Energy Label||$750 per project|
Fee Schedule FAQs
- What is an Annual Registry Account Fee?
This is the annual fee paid to Gold Standard for the maintenance and improvement of the Gold Standard Registry. It is paid by every account holder except account holders whose sole relationship to Gold Standard is as a NGO Supporter. (NGO Supporters who are also project developers must pay this fee.)
- What is an Account Reactivation Fee?
The Account Reactivation Fee must be paid to lift an account out of suspension. An account may be suspended for reasons including, but not limited to, non-payment of fees.
Certification Review Fees
- What is a Preliminary Review? Project Design Review? Performance Review?
For new project developers, please see the Gold Standard for Global Goals Requirements, which explain these steps in the certification process.
For our existing project developers, the Preliminary Review is taking the place of the Local Stakeholder Consultation Review; the Project Design Review is the former Registration Review; and the Performance Review is the former Issuance Review.
- Why are Preliminary Review Fees credited against Project Design Review Fees?
We have changed the timing of our fees in order to accommodate a new certification review structure, which largely relies on independent external reviewers. To avoid a fee increase as a result of this change, we will credit Preliminary Review fees against the Project Design Review Fees.
- Why are Performance Review Fees credited against Issuance Fees?
We have changed the timing of our fees in order to accommodate a new certification review structure, which largely relies on independent external reviewers. To avoid a fee increase as a results of this change, we will credit Performance Review Fees against the Issuance Fees.
- Which Project Design Review Fee do I pay if I am developing a Gold Standard VER & ADALY project?
You would pay the Project Design Fee for Gold Standard VERs and the Project Design Fee for ADALYs.
- What is the difference between a cash fee project and Share of Proceeds (SOP) project?
In its second year, a carbon project can choose the Cash-Per-Credit Fee Structure or the Share of Proceeds Fee Structure. In the former, the project pays all of its fees in cash. In the latter, a project can pay a portion of its fees in carbon credits (VERs or CERs): 2% of the total issuance for VER projects and 1.5% of the total issuance for CER projects. This option is only available for carbon projects in the Energy & Waste sectors.
- When will I be charged for an additional round of review?
Generally, every project is accorded the following review rounds:
|Type of project review||Round 1||Round 2||Round 3|
|Project Design Review||X||X||X|
|Crediting Period Renewal||X||X||X|
|POA DCR Review||X||X|
If your project, for whatever reason, requires review rounds that exceed this allocation, you will be charged $50 per hour for the additional review time. Gold Standard will provide you with a quote for the additional time required before it is incurred. Quotes are non-binding and non-negotiable.
- Why is the Crediting Period Renewal Fee a per-credit fee?
We conduct the equivalent of a Project Design Review (formerly the Registration Review) for crediting renewal periods. Therefore, the fee is the same as the Project Design Review.
- When can I request an Expedited Review and how fast will it be done?
You can request an Expedited Review at any time and Gold Standard will work with you to meet your deadlines.