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Overview 6. Final Verra Review
1. Energy (renewable/non-renewable)
M0403
This is a minor revision to the VM0052 methodology and associated modules which together, determine net greenhouse gas (GHG) emission reductions resulting from the accelerated retirement of grid-connected coal-fired power plants (CFPPs) paired with the addition of renewable electricity to partially or fully replace the lost electricity capacity.
Project proponents must use this methodology in conjunction with VMD0061 Just Transition Requirements for Accelerated Retirement of Coal-fired Power Plants to ensure that projects are accompanied by a comprehensive just transition plan and implementation. The just transition mitigates negative impacts of accelerated retirement of CFPPs such as loss of livelihoods of workers, their households, contractors, and communities.
Summary of Development
- The revision is currently at “Step 6. Final Verra Review” of the VCS Methodology Development and Review Process (PDF).
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