Global Carbon Council

GCC Fees

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GCC Fee Schedule

(USD, Exclusive of VAT)

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TYPE OF FEE AMOUNT STAGE OF PAYMENT
GCC Registry Account Opening Fee (one time), USD 1000 Payable after registration of project by GCC Program.
Project Registration Fee (one time, per project), USD 1000 Payable at the time of submission of project to GCC Program
Annual Registry Account Maintenance Fee
(per year, per project)
1000 Every year before first issuance.
Issuance Fees (USD / ACC) Issuance Fees per Project Owner per Year Depending on Quantity and Project Type
*Example of fees calculation given below
Issuance Quantity Start (ACCs) Issuance Quantity End (ACCs) USD/ACC Payable before issuance of ACCs. Although as per paragraph 72(d) of Program Process document ( GCC Program Processes V4) the issuance and label fees is payable at the time of submission of request for issuance, in view of COVID19 Pandemic GCC Program relaxes the requirement for all the projects that submit requests for registration before 4 July 2022. The issuance fees and label fees for such projects are payable immediately upon communication of Steering Committee’s decision to Project Owners approving issuance of ACCs and SDG+, and/or E+ and/or S+ labels for the respective monitoring period. The GCC Program and its Carbon Registry Operator IHS Markit will issue the ACCs and labels only upon receiving evidence of the transfer of Fees to GCC account
Project Type-A1 Project Types-A2, B1, B2
1 1,000,000 0.12 0.15
1,000,001 2,000,000 0.10 0.12
2,000,001 6,000,000 0.09 0.11
6,000,001 8,000,000 0.05 0.07
8,000,001 10,000,000 0.04 0.05
10,000,001 + 0.03 0.04
Transfer Fees (USD / ACC) for all project types (A1, A2, B1, B2) 0.04 Payable before transfer of ACCs.
Retirement Fees (USD / ACC) for all project types (A1, A2, B1, B2) 0.04 Payable before retirement of ACCs
Fees (USD/ACC) for issuance of each label (Social Safeguard Label (S+), Environment Safeguard Label (E+), SDG Label (SDG+Bronze/ SDG+Silver/SDG+Gold/SDG+Platinum/SDG+Dimond) 0.02 Payable before issuance of ACCs. Although as per paragraph 72(d) of Program Process document ( GCC Program Processes V4) the issuance and label fees is payable at the time of submission of request for issuance, in view of COVID19 Pandemic GCC Program relaxes the requirement for all the projects that submit requests for registration before 4 July 2022. The issuance fees and label fees for such projects are payable immediately upon communication of Steering Committee’s decision to Project Owners approving issuance of ACCs and SDG+, and/or E+ and/or S+ labels for the respective monitoring period. The GCC Program and its Carbon Registry Operator IHS Markit will issue the ACCs and labels only upon receiving evidence of the transfer of Fees to GCC account.
Annual GCC Verifier Registration fee (USD/Verifier/Annum) Payable before approval and re-approval
Organizational verifier fee 1000
Individual verifier fees 500

* Example for calculation of ACC issuance fees for issuance of 15 Million ACCs issued to type A1 project in one year for one project owner
Issuance fees (in USD) = 1000000 x 0.12 + (2000000 – 1000000) x 0.10 + (6000000 – 2000000) x 0.09 + (8000000 – 6000000) x 0.05 + (10000000 – 8000000) x 0.04 + (15000000 – 10000000) x 0.03 = 9,10,000 USD

A1 type projects: The start date of the operations for such GCC projects shall be on or after 5 July 2020 and after the date of submission of a ‘complete’ request of registration to GCC Program. The start date of the Crediting Period of such GCC Project Activity shall be on or after 5 July 2020 but not more than one year after the start date of the operations of the GCC Project Activity.

A2 type projects: These types of projects are prompt-start and have already started their operations on or after 5 July 2020 and their start date of operations shall be after 1 January 2016 but before two years on or after 5 July 2020. These types of projects shall submit complete request for registration to GCC Program not later than 4 July 2022. The start date of the Crediting Period of such GCC Project Activity shall be on or after 1 Jan 2016 but not more than one year after the start date of the operations of the GCC Project Activity.

B1 type projects: These types of projects include all de-registered CDM projects whose Project Owners (or Project Participants as per CDM Glossary of Terms) wish to register them with GCC, but also wish to claim additional GCC labels of E+, S+ and SDG+. The start date of the Crediting Period of such GCC projects shall be after 1 Jan 2016 and same as that stipulated in CDM Project Design Document (as uploaded on UNFCCC website).

B2 type projects: These types of projects include all de-registered CDM projects whose Project Owners (or Project Participants as per CDM Glossary of Terms) wish to register them with GCC, but do not wish to claim additional GCC labels. The start date of the Crediting Period of such GCC projects shall be after 1 Jan 2016 and same as that stipulated in CDM Project Design Document (as uploaded on UNFCCC website).