Verra hosted a webinar on this public consultation on March 28, 2024, at 10:00 am ET. A recording and slide deck may be found below.

Verra has opened a public consultation on draft versions of tools and modules that are intended for use under the Methodology Framework for Carbon Capture and Storage (CCS) in the Verified Carbon Standard (VCS) Program. These modules and tools (Batch 2, methodology development ID #M0286) expand the types of eligible carbon capture activities, differentiate carbon dioxide removals from emission reductions in projects with both types of mitigation impacts, and allow emissions accounting in collaborative CCS hubs where VCS projects include only a portion of the captured carbon. The consultation will run from March 1, 2024, through April 15, 2024.

CCS hubs are systems shared by several emitters that use the same CO2 transportation, storage, or utilization infrastructure. Verra sees CCS hubs as an important mechanism for scaling the climate impact of CCS by improving their cost-effectiveness and development times. Once finalized, the framework, along with related modules and tools, will be the first global methodology that allows and encourages collaborative CCS hubs and shared infrastructure for the efficient and scalable deployment of multiple CCS technologies. This consultation also adds bioenergy capture, allowing more crediting pathways for removing carbon dioxide from the atmosphere, a critical component to addressing residual emissions in a net-zero future.

The methodology framework for CCS activities lays the foundation for a diverse set of capture, transport, and storage technologies and CCS project designs that will deliver real, additional, and high-integrity emission reductions and removals (ERRs) globally. The Methodology Framework for Carbon Capture and Storage has been developed by the CCS+ Initiative (external). The first set of framework documents is currently under validation/verification body (VVB) assessment.

This public consultation covers the following documents:

To provide feedback on the draft versions of the CCS tools and modules, please complete the comment template (xlsx) by April 15, 2024.