Active since 27 June 2024

Outcome Label

Reductions and Removals

Sectoral Scope

16. Carbon capture and storage

This methodology framework 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. Multiple modules and tools are being developed in batches.

Modules and Tools Under Development:

Development History:

Developer(s): CCS+ Initiative (external), South Pole Carbon Asset Management Ltd (external), and Perspectives Climate Group (external), with support from Verra
Dates of Public Consultation: June 30, 2023 to July 29, 2023
Draft Shared During Public Consultation: Draft Methodology for Carbon Capture and Storage (PDF)
Summary of Public Consultation: TBD – coming soon
VVB Assessment Report(s): Methodology for Carbon Capture and Storage Methodology Assessment Report, V1.0 (PDF)
Announcement(s): Public Consultation, Final Release Announcement
Resource(s): Webinar (YouTube)