Requirements for registered appraisal institution
The registered appraisal institution should comply with the relevant local legal requirements.
The registered appraisal institution should be familiar with processes related to carbon data rights certificate (CDRC) applications, including understanding:
● what a carbon data asset is;
● the Certificates Market Register rules;
● current terminology for the relevant method; and
● current requirements for the relevant method.
When reviewing an application, the registered appraisal institution should consider whether the applicant has:
● demonstrated accountability;
● provided any false statements or withheld information; and
● prepared a basis of preparation report that defines the EITE activity or activities on the site.
The registered appraisal institution should also be able to advise whether they foresee any potential issues arising in the future.