Re Carbon Gözetim Denetim ve Belgelendirme Ltd. Şti. performed the project verification of the “Kubilay Geothermal Power Plant Project” in “Türkiye” between 21/09/2022 and 13/07/2023. The project verification was performed on the basis of UNFCCC criteria for the Clean Development Mechanism (CDM), requirements of GCC project framework v3.0, GCC program manual v4.0, GCC program processes v4.0, GCC project standard v3.1, GCC project sustainability standard v3.1, GCC project verification standard v3.1, GCC Environment and Social safeguards standard v3.0, GCC Program definitions v3.1, ISO 14064-2 & ISO 14064-3, applicable approved CDM Methodology “ACM0002: Grid-connected electricity generation from renewable sources, version 21”, relevant UNFCCC criteria for the Clean Development Mechanism (CDM), Host Party Criteria and CORSIA criteria, as well as criteria given to provide for consistent project operations, monitoring and reporting.

The project verification was performed by a validation team consisting of “Fikriye Seda Atabek as the GCC Project Auditors’ Team Leader, Öykü Yakupoğlu as GCC Project Auditors’ Team Leader Trainee, Selen Cilasun as the GCC Project Auditor Trainee, Dr. Seza Danışoğlu as the Financial Expert and Rohit Badaya as the ITR” and the project activity was checked against the applicable rules and requirements of GCC which are indicated in the above paragraph. In summary, Re Carbon Gözetim Denetim ve Belgelendirme Ltd. Şti.  applied the following verification process and methodology using a competent verification team

·        the desk review of documents and evidences submitted by the project participant in context of the reference GCC rules and guidelines issued.

·        undertaking/conducting remote audit, interviews or interactions with the representative of the project owner,

·        reporting audit findings with respect to clarifications and non-conformities and the closure of the findings, as appropriate.

·        preparing a draft project verification opinion based on the audit findings and conclusions.

·        technical review of the draft verification opinion along with other documents as appropriate by an independent competent technical review team.

·        finalization of the project verification opinion (this report).   

Re Carbon Gözetim Denetim ve Belgelendirme Ltd. Şti. hereby confirm that the proposed project activity “Kubilay Geothermal Power Plant Project” in Türkiye, applied all relevant EB-guidance as the selected baseline and monitoring methodologies and the associated methodological tools have been applied correctly. The total emission reductions from the project are estimated to be on the average of 99,936 tCO₂e per annum over the selected 10 year crediting period. The emission reduction forecast was checked and it is deemed likely that the stated amount will be achieved, given that the underlying assumptions do not change.

Re Carbon Gözetim Denetim ve Belgelendirme Ltd. Şti. has informed the project owners of the verification outcome through draft project verification report and final project verification report. The final project verification report contains the information with regard to fulfilment of the requirements for verification, as appropriate.

As a result, the project verification team assigned by Re Carbon Gözetim Denetim ve Belgelendirme Ltd. Şti. has verified and hereby certifies that the proposed GCC Project Activity “Kubilay Geothermal Power Plant Project” in Türkiye

·        has correctly described the Project Activity in the Project Submission Form (version 10, dated 16/11/2023) including the applicability of the approved methodology ACM0002 v21 and meets the methodology applicability conditions, is additional and is expected to achieve the forecasted real and additional GHG emission reductions, complies with the monitoring methodology, has appropriately conducted local and global stakeholder consultation processes and has calculated emission reduction estimates correctly and conservatively

·        meets all relevant Host Country criteria;

·        meets all relevant requirements of the UNFCCC criteria for the Clean Development Mechanism (CDM), requirements of GCC project framework v3.0, GCC program manual v4.0, GCC program processes v4.0, GCC project standard v3.1, GCC project sustainability standard v3.1, GCC project verification standard v3.1, GCC Environment and Social safeguards standard v3.0, GCC Program definitions v3.1, ISO 14064-2 & ISO 14064-3, applicable approved CDM Methodology “ACM0002: Grid-connected electricity generation from renewable sources, version 21”, relevant UNFCCC criteria for the Clean Development Mechanism (CDM), Host Party Criteria and CORSIA criteria, as well as criteria given to provide for consistent project operations, monitoring and reporting. It’s additionality is sufficiently justified in the PSF;

·        is likely to generate GHG emission reductions amounting to the estimated 99,936 tCO₂e as indicated in the PSF, which are additional to the reductions that are likely to occur in absence of the Project Activity and complies with all applicable GCC rules, including ISO 14064-2 and ISO 14064-3, and therefore requests the GCC Program to register the Project Activity;

·        is not likely to cause any net-harm to the environment and/or society and complies with the Environmental and Social Safeguards Standard, and therefore requests the GCC Program to register the Project Activity, which is likely to achieve the requirements of the Environmental No-net-harm Label (E+) and the Social No-net-harm Label (S+); and

·        is likely to contribute to the achievement of United Nations Sustainability Development Goals (SDGs), comply with the Project Sustainability Standard, and contribute to achieving a total of 5 SDGs, which is likely to achieve the Platinum SDG certification label (SDG+)

·        is likely to contribute to CORSIA Eligible Emission Units and has CORSIA Label (C+) certification valid till 31 December 2020. A written attestation from the Host country on double counting is not required until 31 December 2020 and the project was found meeting the applicable requirements prescribed by ICAO. The Project Activity complies with all the applicable requirements of the GCC Program and ICAO’s requirements on CORSIA Emissions Unit Eligibility Criteria and CORSIA Eligible Emissions Units, as per Clarification No 1., v1.3 paragraph 21-23, and the ACCs expected to be issued during the crediting period is likely to be CORSIA eligible and can be used by International Airlines for offsetting their emissions during all phases of CORSIA and therefore requests GCC Steering Committee to append CORSIA Certification label (C+) to this project.

Therefore, Re Carbon Gözetim Denetim ve Belgelendirme Ltd. Şti. requests the registration of the proposed project activity as a GCC project activity.