The monitoring,Evaluation, reporting,verification, and certification of energy-efficiency projects

In this paper, we present an overview of guidelinesdeveloped for the monitoring, evaluation, reporting,verification, and certification (MERVC) ofenergy-efficiency projects for climate changemitigation. The monitoring and evaluation ofenergy-efficiency projects is needed to determine moreaccurately their impact on greenhouse gas (GHG)emissions and other attributes, and to ensure that theglobal climate is protected and that countryobligations are met. Reporting, verification andcertification will be needed for addressing therequirements of the Kyoto Protocol. While the cost ofmonitoring and evaluation of energy-efficiencyprojects is expected to be about 5–10% of a project'sbudget, the actual cost of monitoring and evaluationwill vary depending on many factors, including thelevel of precision required for measuring energy andGHG reductions, type of project, and amount of fundingavailable.