ICVCM Standards

The Integrity Council for the Voluntary Carbon Market (ICVCM) is founded on 10 core carbon principles that ensure the issuance of high-integrity carbon credits. The more a project activity is capable to justify the adherence to each standard, the higher the value of the carbon credits will be. Below is an outline of the principles, accompanied by an explanation as to why Project Flux' activity is in line with each of them.

Effective Governance

The carbon-crediting program shall have effective program governance to ensure transparency, accountability, continuous improvement and the overall quality of carbon credits.

Project Flux demonstrates a strong commitment to effective governance by establishing a comprehensive protocol for monitoring and maintaining its water recovery systems. Beyond being a carbon project, it is a high-end, technology-based solution offering clients an innovative alternative for reusing wastewater. To ensure optimal performance and longevity, the project has implemented robust monitoring procedures, including regular maintenance schedules and independent verifications.

Tracking

The carbon-crediting program shall operate or make use of a registry to uniquely identify, record and track mitigation activities and carbon credits issued to ensure credits can be identified securely and unambiguously.

Project Flux employs a real-time quantification and monitoring system capable of accurately tracking both the performance metrics of the technology and the carbon credit generation associated with its operations. This system ensures precise measurement and transparency in carbon credit issuance, aligning with internationally recognised methodologies.

The carbon credits generated by Project Flux have been independently verified by Earthood, an accredited auditor under the UNFCCC and CDM frameworks. These credits are securely issued and traded through the UK Carbon Registry, a state-of-the-art platform designed to ensure transparency and traceability in carbon trading. The registry integrates robust tracking mechanisms in line with leading financial and banking systems, providing a secure and reliable trading environment.

Transparency

The carbon-crediting program shall provide comprehensive and transparent information on all credited mitigation activities. The information shall be publicly available in electronic format and shall be accessible to non-specialised audiences, to enable scrutiny of mitigation activities.

Project Flux ensures full transparency by making all relevant information about the project accessible to the public via its official website. This includes details about the technology, its performance metrics, and carbon credit generation processes, enabling stakeholders and the general public to verify the project’s claims.

Additionally, the UK Carbon Registry, through which the project’s credits are issued and traded, upholds transparency by publishing all its standards, protocols, and operating procedures on its website. This dual commitment by both Project Flux and the UK Carbon Registry ensures that all processes are openly documented and accessible, fostering trust and accountability within the carbon market.

Independent Validation and Verification

Requires third-party validation for ensuring the credibility of carbon credits.

Project Flux is verified by Earthood, one of the most reputable carbon auditors in the world.

Additionality

The greenhouse gas (GHG) emission reductions or removals from the mitigation activity shall be additional, i.e., they would not have occurred in the absence of the incentive created by carbon credit revenues.

The GHG emissions mitigations satisfies additionality as the emissions mitigations wouldn’t occur if Project Flux wasn’t implemented. Without this project being implemented, the facility would not be able to achieve GHG emissions mitigations as they would not be able to reduce the emissions from producing city water they consume, reduce emissions from the amount of energy used to heat the water, and reduce emissions from the treatment of wastewater the facility discharges to the sewer.

Permanence

The GHG emission reductions or removals from the mitigation activity shall be permanent or, where there is a risk of reversal, there shall be measures in place to address those risks and compensate reversals.

The UK Carbon Registry as well as Project Flux have identified all risks related to the reversal of the project’s mitigation and have put in place all necessary protocols to compensate and resolve them.

Quantification

The GHG emission reductions or removals from the mitigation activity shall be robustly quantified, based on conservative approaches, completeness and scientific methods.

Project Flux employs high-end real-time monitoring systems to record the performance of its technology and ensure precise and consistent data collection. These monitoring methods are designed to track key performance indicators and provide accurate inputs for carbon credit quantification, adhering to ISO 14064-2 standards. The quantification of carbon avoidance is grounded in rigorous scientific methodologies. All values used in the calculations are derived from validated scientific testing and are periodically reviewed to ensure their continued relevance and accuracy. Furthermore, the data used for quantification is sourced from credible and authoritative sources, including government records and datasets verified by reputable research organisations. This ensures that the underlying data and assumptions are reliable and reflect the highest standards of scientific integrity.

No Double Counting

Prevents multiple claims on the same emission reductions.

This is ensured through the UK Carbon Registry.

Safeguards

The carbon-crediting program shall have clear guidance, tools and compliance procedures to ensure mitigation activities conform with or go beyond widely established industry best practices on social and environmental safeguards while delivering positive sustainable development impacts.

Project Flux not only recycles wastewater, addressing critical issues of water scarcity, but also reinvests the capital generated through carbon credit trading into expanding its impact. The funds are used to scale the implementation and rollout of its technology, train more individuals in the use and maintenance of these systems, and conduct further research to enhance the efficiency of the technology while also developing new innovative solutions.

Additionally, Project Flux actively collaborates with various educational institutions to inspire and educate young students about sustainable practices and the importance of resource conservation. Through workshops and educational outreach, the project fosters awareness and encourages the next generation to engage in sustainability and innovation.

Net Zero Transition

Supports activities that do not lock in carbon-intensive practices, enabling the achievement of net-zero goals by mid-century.

As a technology-driven initiative, Project Flux supports the transition to net zero by enabling significant carbon avoidance through efficient water recovery processes. The project avoids locking in carbon-intensive practices and is designed to integrate seamlessly into broader decarbonisation strategies, contributing meaningfully to long-term climate goals.