Verra is extending the grace period for projects that are currently in development and planning to use CDM methodology AR-ACM0003: Afforestation and reforestation of lands except wetlands (external site) or AR-AMS0007: Afforestation and reforestation project activities implemented on lands other than wetlands (external site). In the coming months, Verra expects to release its new Afforestation, Reforestation, and Revegetation (ARR) methodology, which will replace these two CDM methodologies.
As Verra previously announced, “Projects that have completed pipeline listing prior to the approval and publication of the Methodology for Afforestation, Reforestation and Revegetation Projects may use CDM methodologies AR-ACM0003 and AR-AMS0007 if they complete validation and request registration within six months from the approval date of the new VCS methodology.”
In accordance with Section 220.127.116.11 of the VCS Standard, v4.4 (PDF), Verra has revised the grace period as follows:
- Projects using the CDM methodologies must be listed with a status of under validation within three months of the release of the new ARR methodology.
- All projects must complete validation within 15 months of the methodology release.
If you have any questions, please contact Spencer Plumb, Manager, Forest Carbon Innovation (email@example.com).