Draft Methodology
M0233
1. Energy (renewable/non-renewable)
The proposed methodology quantifies net GHG emission reductions associated with the early retirement of coal-fired power plants (CFPPs). Accelerating the retirement of CFPPs reduces emissions in support of cleaner forms of electricity generation.
SUMMARY OF DEVELOPMENT
The draft methodology was submitted by South Pole Carbon Asset Management Ltd., Rocky Mountain Institute (RMI), Climate Policy Initiative (CPI), Global Energy Alliance for People and Planet (GEAPP), and The Rockefeller Foundation (open on external sites). The proposed methodology is currently at “Step 3: Draft Methodology Development” of the Methodology Development and Review Process, 4.2 (PDF).
Verra hosted a public consultation from December 4, 2023 to January 16, 2024 to gather initial feedback and inform further development.
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# M0233 in the subject line.