History of the General Rules
Document Library Archive
4.1 Changelog
- Chapter 3.2: Removal of the optional Method 2 for issuance. The Ongoing Issuance option (method 2) with annual balance as defined in General rules 4.0 Appendix A is removed due to CORSIA not considering it eligible. The Model 1 issuance option will be used for all issuances. Please see the Increased Audit Frequency section below for details on a service that replaces our Ongoing Issuance Rights.
- Chapters 2.2 and 2.3 Amendments to the language related to publicly available information after Production Facility Audit and Output Audit. The information is disseminated as sections in a project description document.
- Rule 6.4.3.iii inclusion of Environmental and Social Monitoring Plan requirement.
- Rule 6.7.4 assurances on the responsibility of the supplier to meet its monitoring obligations.
- Rule 6.7.4.1 (previous § 6.7.5.1) clarification on time the CO2 removal supplier must report a reversal event.
- Definitions: clarified Removal, added Monitoring Plan.
4.0 Changelog
- Certification with external methodologies process.
- Aligning with ISO/CCP terminology for design validation and performance verification.
- Additional procedures to avoid double counting.
- Aligning trading of CORCS with Article 6 of the Paris Agreement and CORSIA requirements.
- Amending Registry requirements to include carbon removal year of production (vintage).
- Clarifying use of the Platform Agreement.
- Enhance additionality and leakage requirements.
- Rules for reversal events and uncertainty assessment.
- Requirements social safeguards: human rights, Indigenous People, labor rights, gender.
- Requirements for positive Sustainable Development Goals (SDGs) impacts description.
- Ongoing Issuance and Digital Monitoring, Reporting, and Verification.
Document
Issued
Version
-
Puro General Rules
January 2022
2.3
-
Puro General Rules
February 2022
2.4
-
Puro General Rules
February 2022
2.41
-
Puro General Rules
March 2022
2.5
-
Puro General Rules
May 2022
2.51
-
Puro General Rules
May 2022
2.6
-
Puro General Rules
May 2022
2.61
-
Puro General Rules
October 2022
2.7
-
Puro General Rules
December 2022
3.0
3.0 Changelog
- CORC minimum durability set to 100 years
- Annex C discontinued: CORC issuance on Bio-based Building
- Materials methodology (storage durability of 50 years) ceased from January 2023.
- Chapter 1.2.3 added: reference to normative documents
- Chapter 2.1.4 added: reference to leakage
- Chapter 4 revised: description of “transfer of ownership” of a CORC instructed with a trade report
- Chapter 5 revised to allow publishing of Audit Reports and project description
- Enhanced Rock Weathering added as a valid Methodology.
- All Methodologies and templates published as separate documents in Puro.earth website. Annex A-H removed from this document
2.7 Changelog
- Annex B: Carbonated Building Material update from 2019 to 2022 to reflect the latest science
- Chapter 1.3: Governance rules updated
2.6.1 Changelog
- Page numbers corrected in Table of Contents
2.6 Changelog
- Annex H: Woody Biomass Burial
2.5.1 Changelog
- Minor spelling mistakes corrected
2.5 Changelog
- Renaming of “Direct Purchase” to “Service Provider Trade” to align to Appendix 1 Terms and Conditions.
- 4.2 Clarification of conditions related to Service Provider Trade.
2.4.1 Changelog
- Annex A: Biochar chapter 4.2 – Spelling correction of 𝐶𝑜𝑟𝑔
2.4 Changelog
- Terminology change: replace “cancel/retirement” with “retire/retirement”
- 5.1 Reporting: Added possibility for beneficiary to delay (embargo) the publishing of the retirement for maximum 12 months
2.3 Changelog
- 2.1.2 Environmental and social safeguards
- 2.1.3 Additionality and Baseline
- Annex A: Biochar methodology update from 2019 to 2022 to reflect the latest science
2.2 Changelog
- Chapter 1.3: Governance by Advisory Board
- Chapter 3.8: Expiry extended
- Chapter 5: Issuance and cancellation reports from the Registry
2.1 Changelog
- Re-structuring: Separate chapters to describe rules for trading (Marketplace) and carbon removal crediting (Registry and Standard)
- Annex G: Geologically stored Carbon methodology
2.0 Changelog
- Chapter 3.1: Settlement is no longer tied to auctions
- Chapter 3.4: Purchase through Certificate Listing Service enabled
- Chapter 3.4: Pre-Purchase transactions enabled outside auctions
- Chapter 3.4.3: Transfer Request added to Pre-purchase agreement process
- Chapter 4.3: Sale of CORCs enabled in external marketplaces
- Annex A, 1.1.12: requirements for safe handling of biochar
1.4 Changelog
- Chapter 3.7 and 6.2: Extension of the expiry date by 6 months
- Chapter 3.5.6: Online shop closed for 3 hours before and after the auction
- Chapter 3.5: Possibility to select removal method in online shop
- Numbering of subparagraphs in Chapter 1.5. and Annex A,B,C
1.3 Changelog
- Chapter 3.3: Certificate auctioning (changes from 48h blind to 96h half-blind)
- Chapter 3.4: Pre-purchase of Certificates (changes due to action mechanism update)
- Chapter 3.5 Certificate online purchase (added)
- Chapter 6.2: CORCs issued in Experiment phase will expire normally 12 months after Issuance date.
1.2 Changelog
- Chapter 3.2.4: CORCs may be issued for 18 months old production (previously 12 months)
- Chapter 3.3: editorial changes
- Chapter 3.4: Pre-purchase of Certificates (CORCs)
- Chapter 6.4: Aim to use CORC income for growth
1.1 Changelog
- Annex C. Wooden Building element methodology modified to incorporate also biomass-based insulation materials.
- Annex F. List of signatories included confidentially (not changed)
1.0 Changelog
- Initial version elaborated with List of Signatories and published on puro.earth website on the launch date of Puro CO2 removal marketplace.
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