Active 06 May 2025
Outcome Label
Eligibility
Reductions
1. Energy (renewable/non-renewable)
This methodology determines 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.
Development History
VM0052 Accelerated Retirement of Coal-Fired Power Plants Using a Just Transition, v1.0
Status: Active since May 6, 2025
Mitigation Outcome Label Eligibility: Reductions
Developer(s): Coal to Clean Credit Initiative (external) led by The Rockefeller Foundation (external) and supported by South Pole Carbon Asset Management Ltd. (external)
Dates of Public Consultation:
- 1st Consultation: December 4, 2023 to January 16, 2024
- 2nd Consultation: October 17, 2024 to November 20, 2024
Draft Shared During Public Consultation:
- 1st Consultation Documents: VM0052, v1.0 Draft Methodology 1 (PDF), VMD0060, v1.0 Draft Module 1 (PDF).
- 2nd Consultation Documents: VM0052, v1.0 Draft Methodology 2 (PDF), VMD0060, v1.0 Draft Module 2 (PDF).
Summary of Public Consultation: Coming Soon. See Appendix 1 of the VVB Assessment Report
VVB Assessment Report(s): VVB Assessment Report for VM0052, v1.0 (PDF)
Announcement(s): 1st Consultation Announcement, 2nd Consultation Announcement, RFP Announcement, New Verra Methodology Supports Coal Phase-Out and Just Energy Transition