DNV GL was through DNV Climate Change Services AS accredited by the UNFCCC (the United Nations Framework Convention for Climate Change) as a Designated Operational Entity (DOE) under the Clean Development Mechanism (CDM). We were the first DOE accredited for the verification of all major CDM sectoral scopes.
We were involved in the validation of 2901 CDM projects which represent almost a quarter of all CDM projects submitted for validation. Out of these projects, 1807 were successfully registered and represent an estimated annual emission reduction of approximately 3200 million tonnes CO2 equivalents (accumulated until 2020).
Several times DNV GL was voted as the Best Verification Company by the readers of Environmental Finance.
Due to the current downturn in international carbon markets, without signs of a recovery in the foreseeable future, DNV GL decided in February 2014 to cease providing validation and verification services for CDM and JI projects and has later on voluntarily withdrawn its CDM accreditation.