Accelerated Retirement of Coal-Fired Power Plants using a Just Transition Methodology, and Combined Baseline and Additionality Assessment for the Accelerated Retirement of Coal-Fired Power Plants Module

The proposed methodology quantifies net GHG emission reductions associated with the early retirement of coal-fired power plants (CFPPs). Accelerating the retirement of CFPPs reduces emissions in support of cleaner forms of electricity generation. The methodology is supported by the Combined Baseline and Additionality Assessment for the Accelerated Retirement of Coal-Fired Power Plants module, which establishes criteria for determining baseline retirement dates, baseline scenarios, and additionality to ensure credible emission reductions.

The draft methodology and module was submitted by South Pole Carbon Asset Management Ltd. (external), Rocky Mountain Institute (RMI) (external), Climate Policy Initiative (CPI) (external), Global Energy Alliance for People and Planet (GEAPP) (external), and The Rockefeller Foundation (external). The proposed methodology and module are currently at “Step 5: VVB Assessment” of the VCS Methodology Development and Review Process (PDF).

Verra hosted a public consultation from December 4, 2023, to January 16, 2024, to gather initial feedback and inform further development. Verra hosted a second public consultation from October 17, 2024 to November 20, 2024.