Today marks a historic step forward in global climate cooperation with the passing of Article 6, providing countries with a new framework for utilizing independent crediting programs (ICPs) in support of their climate ambitions. Verra, as the leading standards setter, stands ready to work with nations to help them harness the opportunities this decision unlocks for effective and scalable climate solutions. Verra has already developed a protocol in conjunction with the Singapore government and Gold Standard to support countries in their use of Article 6 to achieve their Nationally Determined Contributions (NDCs).
Countries now can accelerate climate action, leverage proven methodologies for monitoring, reporting, and verification (MRV), and mobilize private-sector finance to meet and exceed NDCs. For many nations, this framework also provides a practical path to finance high-priority projects, ensuring alignment with sustainable development goals while enhancing transparency and rigor in climate reporting.
Verra is encouraged by this decision and believes it will open avenues for governments to engage with established crediting programs, optimize climate finance, and create meaningful impact. With over two decades of experience supporting climate and sustainable development goals through robust carbon standards, we understand the essential role of ICPs in expediting climate progress without compromising national sovereignty or ambition.
In the journey ahead, Verra is committed to supporting countries with best-in-class tools, data, and technology to scale climate solutions across borders. This is a powerful affirmation of Verra’s mission: to drive high-integrity carbon finance to vulnerable communities and deliver lasting climate impact where it’s needed most.
Contact:
Media Inquiries: Erdem Koch | media@verra.org
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Verra is a global leader helping to tackle the world’s most intractable environmental and social challenges. As a mission-driven nonprofit organization, Verra is committed to helping reduce greenhouse gas emissions, improve livelihoods and protect natural resources by working with the private and public sectors. We support climate action and sustainable development with standards, tools and programs that credibly, transparently and robustly assess environmental and social impacts and enable funding for sustaining and scaling up projects that verifiably deliver these benefits.