The International Emissions Trading Association (IETA) and the World Bank Carbon Finance Group / Prototype Carbon Fund (WB PCF) initiated in 2002 the process to establish a common CDM and JI Validation & Verification Manual that could be used by a wide range of stakeholders who were involved in developing, financing, validating and verifying CDM and JI projects. Det Norske Veritas Certification (DNV) has lead the development of this Validation & Verification Manual, which replaces the World Bank’s Prototype Carbon Fund’s (PCF) earlier Preliminary Validation Manual, issued in November 2000. All leading validators & verifiers have used the manual subsequently and in March 2004 the final draft was made publicly available.
