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This methodology ensures the integrity of greenhouse gas accounting for individual projects within a jurisdiction and enables the utilization of the most up-to-date science, data, and technologies.
VM0048 Reducing Emissions from Deforestation and Forest Degradation is a framework that is to be used together with modules for specific activity types. VMD0055 Estimation of Emission Reductions From Avoiding Unplanned Deforestation is available now. Modules establishing similar requirements for forest degradation and planned deforestation are under development.
For more information on the background to VM0048 and VMD0055, see the “Technical Background Note” webpage.
Please Note
VM0048, 1.0 has been approved by the Integrity Council for the Voluntary Carbon Market (ICVCM) as meeting the requirements of the Core Carbon Principles (CCPs) Assessment Framework. Please note that to receive CCP labels for the credits they generate, projects using VM0048 must meet certain conditions. A guidance document outlining Verra’s process for CCP labeling, the ICVCM CCP Label Guidance (PDF), is available on the VCS Rules and Requirements page.
Where VCUs have been issued from projects using multiple methodologies, only VCUs from projects solely using CCP-approved methodologies are eligible for CCP labels.
Per the ICVCM decision (external), only projects using VM0048, v1.0 and that are complying with the following additional criteria are eligible for CCP labels:
VM0048 Reducing Emissions from Deforestation and Forest Degradation, v1.0
Status: Active since November 27, 2023
Mitigation Outcome Label Eligibility: Reductions
Developer: Verra developed this version with support from Tim Pearson (GreenCollar), Kevin R. Brown (Wildlife Conservation Society), Simon König (Climate Focus), Till Neef (independent consultant), Sarah M. Walker (Wildlife Conservation Society) and Lucio Pedroni (Carbon Decisions International). Additional input was provided by Igino Emmer (Silvestrum), David Shoch (TerraCarbon) and Manuel Estrada (independent consultant).
Dates of Public Consultation: March 31, 2022 to May 30, 2022
Summary of Public Consultation: Summary of Public Comments for VM0048, v1.0 and VMD0055, v1.0 (PDF)
Draft Shared During Public Consultation: The following draft modules were combined to form VM0048 and VMD0055. They were published during the public consultation:
Verra hosted two webinars related to this public consultation:
VVB Assessment Report(s): VVB Assessment Report for VM0048, v1.0 (PDF)
VM0048 Versions Submitted for Assessment:
Verra hosted a webinar on Thursday, April 20, 2023 to provide an overview of the draft methodology and module.
Verra hosted a webinar on Tuesday, 19 December 2023 provide an overview of the new REDD methodology and the module for Avoided Unplanned Deforestation activities.
Corrections and Clarifications: Corrections and Clarifications to VM0048, v1.0 (PDF)
Announcement(s): Setting the Standard: Verra’s Revolutionary New REDD Methodology
If you are a current or prospective project developer seeking support to start, advance, or manage a VM0048 project, please contact Verra’s expert team at secretariat@verra.org.
For all other inquiries, including general program support, partnership opportunities, or organizational engagement, please visit our Contact Us page to connect with the appropriate Verra team.
To support Verra’s work as a nonprofit and help scale high-integrity climate action, visit our Support Us page or contact our Development team at fundraising@verra.org.
This page and its content are subject to the Verra Website Terms and Conditions of Use and constitute “Website Materials” as therein defined. Use is permitted only for the establishment or operation of a project or the development of a methodology under a Verra certification program. All other uses are prohibited.
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