In carbon markets, PDD stands for Project Design Document. It is a detailed document that outlines the specifics of a carbon offset project, including its objectives, methodology, baseline scenario, additionality, emission reductions, monitoring plan, and potential environmental and social impacts.
The PDD is a crucial step in the validation and verification process for carbon credit certification under standards like Verra (VCS), Gold Standard, and the Clean Development Mechanism (CDM). It serves as the foundation for third-party auditors to assess whether the project meets the required criteria for generating carbon credits.
