Welcome to Verra’s November Newsletter!
As COP29 in Baku winds down, we are once again reminded of the tremendous evolution the voluntary carbon market (VCM) has undergone in recent years. Once considered as sitting on the sidelines of real climate action, the VCM is now a central part of many discussions during these international climate negotiations.
For example, in Baku, the National Climate Change Secretariat of Singapore, Gold Standard, and Verra released initial recommendations for an Article 6.2 Crediting Protocol that outlines how existing independent carbon crediting programs could support countries using Article 6.2 to reach their climate goals. Beyond that, in her first COP as Verra CEO, Mandy Rambharos spoke at 11 events and participated in countless other discussions on how to strengthen and improve the VCM.
Last week, we were pleased to learn that the Integrity Council for the Voluntary Carbon Market (ICVCM) approved both Verra’s new REDD methodology and the Jurisdictional and Nested REDD+ (JNR) Framework in Verra’s Verified Carbon Standard (VCS) Program as meeting the requirements of the Core Carbon Principles (CCPs) Assessment Framework. This approval by the ICVCM highlights the rigor of Verra’s REDD+ frameworks and reinforces their role as credible channels for forest conservation finance.
We also recently learned that the United Nations International Civil Aviation Organization (ICAO) approved the Verified Carbon Standard (VCS) Program for the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), extending the program’s eligibility into CORSIA’s First Phase (2024–2026).
Both endorsements are an important indicator of the high integrity of the VCS Program and mark a critical step forward for Verra and the voluntary carbon market.
In late October, we advanced our work in other important markets by launching the Nature Framework. An asset methodology in Verra’s Sustainable Development Verified Impact Standard (SD VISta) Program, the framework will incentivize widespread investment in measurable conservation and restoration activities benefiting nature and people.
Thank you to everyone who joined us for our October Stakeholder Update Webinar (YouTube). We look forward to continuing these quarterly sessions in 2025, and adding additional, regular, targeted engagements with stakeholders as well throughout the year. Please visit our Events page to find the dates and times for the stakeholder update webinars, and to register.
Key Updates
Top News
- Verra’s REDD Methodology and Jurisdictional and Nested REDD+ Framework Secure ICVCM Approval
- ICAO Approves Verra’s VCS Program for CORSIA Eligibility
- Verra Launches Nature Framework
- Singapore, Gold Standard and Verra Release Initial Recommendations Outlining Progress in the Development of a Carbon Crediting Protocol to Implement Article 6.2
- Verra and State of Amazonas to Collaborate on Strengthening State’s Carbon Markets
Thought Leadership
- Setting the Record Straight: Verra’s Response to Follow the Money
- Real Climate Action Hinges on Money, Which the VCM Can Provide
- Today’s Climate Solutions Need to Be Adaptive and Scalable: Verra’s New CCS Methodology and Modules Show How It’s Done
General News
Program Updates
Verified Carbon Standard Program
- Verra Releases First Set of Modules for Carbon Capture and Storage
- Verra Publishes Updated REDD Module (VMD0055)
- Verra Publishes Revised IFM Methodology VM0010
- Updated Deadline to Transition from CDM ARR Methodologies
- Consultation: New Methodology for Alternative Low-Carbon Fuels for Shipping
- Revised Refrigerant Leak Detection Methodology (VM0001)
Scope 3 Standard Program
Plastic Waste Reduction Program
- Verra at Fifth Session of Global Plastic Treaty Negotiations (INC-5)
- Verra Joins Indonesia National Plastic Action Partnership Task Forces
New Resources
- Webinar Recording: Understanding Verra’s Plastic Program and Plastic Credits – Insights for Financial Institutions (YouTube) (October 22)
- Webinar Recording: Stakeholder Update Webinar – October 2024 (YouTube) (October 23)
- Webinar Recording: Deep Dive: Procedures to Change VCS Project Methodologies (YouTube) (October 24)
- Webinar Recording: Overview of New VCS Cookstove Methodology (VM0050) (YouTube) (November 12)
- Webinar Recording: Overview of the Nature Framework v1.0 (YouTube) (November 20)
Regular Updates
Verra-Hosted Webinars
- Overview of New Verra Program Fee Schedule (Zoom) – Tuesday, November 26, at 11:00 am ET
- Stakeholder Update Webinar – January 2025 (Zoom) – Wednesday, January 22, at 11:00 am ET
Verra Staff at Events
Please check our Events page for a comprehensive list of upcoming events. If you’d like to invite a Verra team member to speak at your event, please contact events@verra.org.