1. INTRODUCTION

1.1. Background

SavePlanetEarth (SPE) is a global organisation with a presence across various regions, committed to mitigating the effects of climate change. SPE's focus is on sequestering carbon through accelerated initiatives in the Energy Sector, which accounts for over a third of global emissions. Given the pressing need to reduce the impact of Global Warming, it is critical to prioritize projects in the Energy Sector that can make a significant contribution to emission reductions. SPE recognizes the value of a "Simplified Standard" to promote carbon-based projects, especially those related to the Energy Sector, drawing on its extensive practical experience in the carbon field.

To this end, SPE has undertaken the development of a new standard for Energy Sector carbon-based projects that address all requirements. A highly skilled, multidisciplinary technical team has been tasked with developing a simplified version of the carbon standard for the Energy Sector, resulting in the "Planetary Carbon Standard- PCS." (PCS) believes that this standard will facilitate emission reduction, particularly for small to large-scale projects within the Energy Sector.

1.2. The Purpose.

The "Planetary Carbon Standard" (PCS) serves the purpose of outlining the prerequisites for quantification, monitoring, and reporting of emissions reductions and removals in energy projects, as well as verification and issuance of "Verified Emission Reductions" (VERs). Any Energy Sector project seeking registration under the PCS must satisfy the conditions stipulated in the standard. Registration marks the initial step in the project kick-off cycle, facilitating verification for the potential issuance of VERs that may be tradable on voluntary and pre-compliance carbon markets.

Additionally, the standard utilizes plain and comprehensible language to elucidate each requirement, enabling interested parties to develop high-quality energy-based projects that identify emission reduction and offsetting projects aimed at reducing atmospheric carbon dioxide levels, with a broad scope for minimizing the impact of global warming.

Since the standard delineates generic requirements, it can be applied to any energy sector project, irrespective of size, technology, or location, making it adaptable to the particular needs of the project in question.