Dear Colleague,

Welcome to Verra’s December Newsletter!

The year 2023 has been termed the “year of inflection” in the voluntary carbon market (VCM) – and nowhere was this more apparent than at COP28 in Dubai, where market stakeholders and high-profile leaders acknowledged the key role the VCM plays in advancing critically needed climate action and sustainable development.

During COP28, it was inspiring to see the standards setters find common ground and announce a groundbreaking collaboration to increase the positive impact of carbon markets. Singapore’s National Climate Change Secretariat (NCCS), together with Gold Standard and Verra’s Verified Carbon Standard (VCS) Program, will also work together to help countries better leverage and utilize carbon crediting programs to achieve their Nationally Determined Contributions under the Paris Agreement.

COP28 also gave us the opportunity to share some game-changing news about actions Verra will take to further increase trust in the market. We launched a new research initiative in partnership with Sir David King’s Climate Crisis Advisory Group to support the continuous improvement and ongoing development of the VCM. We also hosted a session to provide the latest updates on our “New Era for Verra” commitments.

We are confident that the VCS Program can contribute to a stronger market and that the Integrity Council for the Voluntary Carbon Market (ICVCM) will bolster the VCM’s role in advancing climate action. As such, we submitted our application for assessment by the ICVCM shortly before COP28.

Elsewhere, international negotiations around a global plastic treaty have been progressing at the meeting of the Intergovernmental Negotiating Committee (INC-3) in Nairobi, Kenya. Our Plastic Team was on the ground to share recommendations and commentary with treaty negotiators about the role Plastic Credits can play in the context of such a legally binding instrument for reducing plastic pollution globally.

The Verra team has been busy advancing the work that underpins this global progress. Even as the year draws to a close, this monthly newsletter contains 28 announcements, more than any other edition in 2023. We are proud to share our progress with you and look forward to continuing these important efforts in the new year.

Stakeholder Updates

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  • Photo courtesy of DelAgua Clean Cooking Grouped Project in Rwanda (Verra Project 4150)

Top News

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  • Photo courtesy of FUNDAECO, REDD Project for Caribbean Guatemala: The Conservation Coast (Verra Project 1622)

VCS Program

Program Updates

Methodology Updates

New REDD Methodology

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  • Photo courtesy of Project Hara Kal Recovery of Ocean and Nature Bound Plastic from Villages in Kerala, India (Verra Project 3744)

Plastic Program

General Updates

Regular Updates


Verra Staff at Events

Verra staff participate regularly in events. For a comprehensive list, please check our events page. If you’d like to invite a Verra team member to speak at your event, please contact