Stage
Concept Note
Development ID#
M0198
Sectoral Scope
4. Manufactoring industries
Status
Rejected 10 May 2023
This proposed methodology is globally applicable and comprises of project activities to displace the mining, transportation, and use of peat with the production, transportation, and application of peat substitutes from sustainably sourced materials to avoid greenhouse gas (GHG) emissions.
SUMMARY OF DEVELOPMENT
The concept note was rejected by Verra, as per Section 3.1.5(2) and 3.2.5(3) of the VCS Methodology Development and Review Process, 4.2 (PDF). The decision was based on the proposal’s low climate change mitigation potential compared to other proposals and concerns related to demonstrating additionality.