Final Verra Review
M0267
14. Agriculture, Forestry, and Other Land Use
Under Development
VM0045, v1.0 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.
The proposed minor revision to VM0045 enables project proponents to differentiate between Verified Carbon Units (VCUs) based on whether they are GHG emission reductions or carbon dioxide removals.
Summary of Development
Verra is leading this minor revision with support from the American Forest Foundation. It is currently at “Step 6: Final Verra Review” of the VCS Methodology Development and Review Process, v4.3 (PDF). Verra hosted a public consultation from December 15 2023, to January 15, 2024.
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# M0267 in the subject line.