Chile Recognizes Verra’s VCS Program under Article 6 Framework

Chile’s Ministry of Environment has formally recognized (PDF) Verra’s Verified Carbon Standard (VCS) Program under the country’s framework for regulating international cooperation under Article 6 of the Paris Agreement.

This announcement offers greater regulatory clarity for project developers and buyers. Projects registered with the VCS Program can now follow Chile’s applicable Article 6 procedures, provided they meet the relevant national requirements, and supply credits for use under Article 6.

The recognition follows an evaluation by the ministry’s Climate Change Division, which examined publicly available information about the VCS Program, including program documents, methodologies, environmental integrity requirements, the public registry, and the validation and verification system. The ministry concluded that the VCS Program meets the requirements under Article 19 of Supreme Decree No. 32/2024 within Chile’s regulatory framework for international cooperation under Article 6 of the Paris Agreement.

The program’s recognition does not imply any authorization of individual projects or internationally transferred mitigation outcomes (ITMOs). Individual VCS projects participating under the framework for international cooperation must meet all VCS Program requirements and follow the relevant Chilean regulatory procedures. In addition, any request for Article 6 labels for credits issued to participating projects must meet the requirements stated in Verra’s Article 6 Label Guidance (PDF).

Verra’s VCS Program is recognized under several national regulatory frameworks, illustrating how independent carbon crediting programs can be incorporated into government-established carbon market mechanisms and help advance national climate goals.