Verra is inactivating VM0004 Methodology for Avoided Planned Land Use Conversion in Peat Swamp Forests, v2.0 as of January 23, 2024, due to the ongoing development of revised modules and a consolidated methodology for tropical peatland activities.
Per Section 5 of the Methodology Development and Review Process, v4.3 (MDRP) (PDF), Verra reviews Verified Carbon Standard (VCS) methodologies and methodologies from approved greenhouse gas programs that are eligible for use under the VCS Program to ensure that they continue to reflect best practices, scientific consensus, and evolving market conditions and technical developments in a sector.
Verra anticipates releasing revised modules for Avoided Planned Deforestation activities in peatlands under VM0007 REDD+ Methodology Framework (REDD+MF) by the end of Q1 2024. Project proponents implementing such activities are encouraged to use these revised modules. Verra is aiming to complete a new standalone methodology for tropical peatlands by the end of 2024.
According to the VCS Standard, v4.5 (PDF), Section 3.22.2, projects that have already been validated may continue to apply the methodology under which they were validated until the next validation, baseline reassessment, or crediting period renewal.