Status

Under Development

Sectoral Scope

14. Agriculture, forestry, and other land use (AFOLU)

Development ID#

M0289

Stage

Concept Note

VM0045, v1.1 applies to a wide range of improved forest management (IFM) practices and uses a dynamic performance benchmark for additionality and the crediting baseline created from national forest inventories.

Eligible projects must adopt one or more specific, non-pre-existing IFM practices. The focus of accounting is on the estimation of GHG emissions and/or carbon stock change on permanent plots, not on the estimation of stocks per se, therefore improving the precision of reported GHG emission reductions and/or removals.
The methodology employs a broad monitoring and accounting framework that captures the GHG impacts of IFM practices aimed at avoiding emissions (from harvest or natural disturbance) or enhancing sequestration. Projects may apply a combination of practices implemented together in the same area.

The proposed revisions aim to expand the methodology to be globally applicable by exploring the use of remote sensing to establish a dynamic performance benchmark.

Summary of development

The methodology revision is being developed by Verra and is currently at “Step 2: Concept Note Development” of the VCS Methodology Development and Review Process (PDF).

Stakeholders interested in collaborating during methodology development or developing projects that this methodology might enable are encouraged to contact methodologies@verra.org. Please include the Methodology Development ID# M0289 in the subject line.