The Willamette Partnership’s Verification Protocol is meant to provide standardized, specific guidance on the review and assessment of credit and debit projects under the approved currencies described in Version 1.0 of the General Crediting Protocol in the Willamette Basin Ecosystem Marketplace.
The ecosystem credit accounting system requires third party verification of all projects. The Willamette Partnership’s Verification Protocol provides guidance on the verification process. Third party verification is defined as an independent expert assessment of the accuracy and conformity of a Project Developer’s Credit Estimate with agreed upon criteria, free of material misstatements and conforming to accounting and credit generation standards. To do this, information should be complete (project eligibility, baseline information, proposed actions, credit calculations, and protections of credit quality), consistent (comparable data over time), accurate (findings should be repeatable), and transparent.