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Overview 1. Methodology Idea Note
16. Carbon Capture and Storage
M0422
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.
The proposed module for CO2 Capture from Industrial Processes will apply to project activities eligible under the most recent version of VM0049. It will account for project emissions and leakage emissions associated with the capture of CO2 from the production of iron and steel, and cement.
Call for Interest
Verra is looking for support should the development of this new module proceed. Please contact methodologies@verra.org and indicate your specific level(s) of interest. Please include the Methodology Development ID# M0422 in the subject line.
- Funders – stakeholders interested in providing funding to cover costs associated with developing the proposed revision
- Technical Contributors – stakeholders interested in providing professional expertise (in-kind or as a paid consultant) to help draft or prepare content for the revision
- Independent Expert Reviewers – stakeholders interested in serving as an independent expert reviewer once the draft methodology is ready (see Section 3.5: Independent Expert Review of the VCS Methodology Development and Review Process, 5.0 (PDF)
- General interest – Stakeholders interested in developing projects that this methodology might enable are encouraged to reach out and share their estimates and plans for future project development. This helps Verra to better understand the demand for this proposed new methodology.
Summary of Development
- VM0049 Carbon Capture and Storage was approved on June 27, 2024.
- Verra is leading the development of this module following the VCS Methodology Development and Review Process, v5.0 (PDF).