5. VVB Assessment
16. Carbon Capture and Storage
M0286
VM0049 Carbon Capture and Storage is globally applicable and applies to project activities involving carbon capture and storage (CCS). It relies on modules for quantifying emissions related to the capture, transport, and storage segments of a CCS project. These modules can be combined, depending on the specific design of the CCS project or technologies implemented. VM0049 also relies on several tools that provide procedures for performing specific analyses for applicable projects. Multiple modules and tools are being developed in batches.
Batch 2 includes:
- VMD00XX Emission Reductions or Removals from CO2 Capture from Bioenergy Combustion
- VT00XX Accounting non-VCS CO2 in CCS Projects
- VT00XX Differentiating Reductions and Removals in CCS Projects
- Note: Module for CO2 Storage in Saline Aquifers and Depleted Hydrocarbon Reservoirs has been moved to Batch 1
For more details on Batch 1, see the Carbon Capture and Storage, Batch 1 Modules page.
Summary of Development
VM0049 Carbon Capture and Storage was approved on June 27, 2024.
The methodology framework was submitted by South Pole Carbon Asset Management Ltd (external) and Perspectives Climate Group (external) as part of the CCS+ Initiative (external).
- Batch 2 of the methodology framework for CCS is currently at “Step 5: VVB Assessment” of the VCS Methodology Development and Review Process, 4.4 (PDF). Verra hosted a public consultation from March 1, 2024, to April 15, 2024. See further details in this announcement.
For questions, please contact methodologies@verra.org and include the Methodology Development ID#M0286 in the subject line.