Minor Revisions to VM0045 Methodology for Improved Forest Management Using Dynamic Matched Baselines from National Forest Inventories, v1.2

VM0045, v1.2 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 (NFIs).

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 minor revision aims to expand the methodology to be globally applicable by adding a new Appendix that will describe the methodological process for evaluating the suitability and establishing a dynamic performance benchmark using NFIs outside the United States.

• Verra is leading the development process for this revision. Eken Financing and Value Added Forestry AB (external) is kindly supporting the development and providing Verra with funds to cover associated costs. We are proud to expand climate action with the support of this leading organization!
• The revision is currently at “Step 4: Public Stakeholder Consultation” 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.