Stage
Methodology Idea Note
Development ID#
M0269
Sectoral Scope
2. Energy distribution
Status
Rejected 04 March 2024
The proposed new methodology applies to project activities that produce and use lower carbon fossil fuel and reduce emissions associated with using of conventional fossil fuel. This methodology is intended to be globally applicable.
Summary of Development
The methodology idea note was rejected by Verra, as per Section 3.1.7(3) of the VCS Methodology Development and Review Process, v4.3 (PDF). The decision was based on potential unmitigatable risks associated with demonstrating additionality. Further, activities that involve switching from a higher to a lower carbon content fuel are not covered in the VCS Program.