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IV. Application Procedure

4_1. Submitting an Application

Any project meeting the forest type and technical model criteria can apply.

NCIx adopts internationally recognized methodologies (especially IPCC modules and data), but its parameters should:
· Adopt parameters from conducted research or similar regions.
· Ultimately establish project-specific parameters for the application area.

Applicants can also propose their own methodologies, but they must be reviewed and approved by the committee before entering the formal review process.

NCIX methodologies adopt a "Framework Solution":
· Provides a core structure and common modules.
· Allows flexible adjustments within the established framework.
· Aims to shorten application time and reduce costs.

The application must be prepared by the applicant and verified by an NCIX-approved third-party validation body before submission.

4_2. Review Principles and Quality Requirements

Review is based on the fundamental requirement of "High Quality," with core aspects including:

· Reality
· Effectiveness

And must conform to:
· Transparency
· Science-based
· Measurability
· Traceability

Additionally, it must not cause significant negative impacts on any party.

Main principles include:
· Principle of Conservatism
· Principle of Materiality
· Baseline
· Additionality
· Permanence
· No Double Counting

4_3. Required Application Documents

The application must include the following content:

1. Boundary Delineation

Requires a clear description of:

· Geographical location

· Area (can be determined via satellite positioning, error margin approx. 2 meters)

· Rights ownership (including ownership, lease, or other usage rights)

This aspect not only affects eligibility for issuance but also relates to the determination of project permanence.

2. Forest History and Background

Since NCIx does not use the year 2000 as a cut-off, applicants must:

· Provide a detailed explanation of the land's history.

· Provide relevant supporting documents.

Also describe:

· Existing flora, fauna, and micro-ecosystems.

· Ecological value and rarity (e.g., indicator species).

· Traditional cultural or local significance.

3. Action Measures and Costs

Must specify:

· Deforestation prevention measures.

· Biodiversity enhancement strategies.

· Enhanced action plans.

· Cost estimates.

4. MRV and Third-Party Report

MRV (Monitoring, Reporting, Verification) and a third-party verification report are mandatory attachments.

4_4. Review and Carbon Credit Issuance (VCU)

The NCIx expert team will review the application and conduct a field inspection to confirm the authenticity of the application content.

A core task of the review is calculating the carbon sink volume, based on which the following is issued:

VCU (Verified Carbon Unit)
· Adjustments made every 5 years.
· Qualification will be revoked if fraud or major violations are found.

Furthermore, NCIx adopts a high-integration assessment. In addition to carbon sinks, it also examines:
· Environmental impact
· Social justice
· Economic development
· Cultural and traditional values

Ensuring no significant negative impacts on other aspects.

4_5. Management and Listing Mechanism

The core management focus for VCUs is avoiding:
· Double issuance
· Double usage

Management methods include:

1. Dual Registration
· Local Registry
· Blockchain System

To ensure data:
· I'm mutability
· Transparency
· Traceability

2. Trading and Globalization

Through blockchain mechanisms:
· Support digital currency transactions.
· Provide global, 24/7 trading capability.

3. Risk Control
· Dual-track: Manual and Systemu

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