Program Updates

11 April 2024

Verra is advancing jurisdictional deforestation risk mapping in an initial set of jurisdictions (see Table 1 below). This risk mapping process is the critical final step before jurisdictional deforestation activity data can be made available for allocation to projects using Verra’s new REDD methodology (Verified Carbon Standard [VCS] Methodology VM0048 Reducing Emissions from Deforestation and Forest Degradation, v1.0) and the new module for Avoided Unplanned Deforestation (AUD) activities (VCS Module VMD0055 Estimation of Emission Reductions from Avoiding Unplanned Deforestation, v1.0).

Jurisdictional risk mapping involves taking the gathered deforestation activity data across a jurisdiction and allocating it to projects based on deforestation risk. This will enable projects using VM0048 and VMD0055 to determine their crediting baselines.

Verra is working with Clark Labs (external) to develop risk maps for the first 12 jurisdictions. This effort builds on the previous collaboration between Verra and Clark Labs, which resulted in the development of the VCS Tool VT0007 Unplanned Deforestation Allocation (UDef-A), v1.0. VT0007 launched in February 2024 and will be used to develop the risk maps. It offers a unified approach for risk mapping and allocation that applies to both VM0048 and the Jurisdictional and Nested REDD+ (JNR) Framework.

The risk mapping process will involve using VT0007 to deliver a benchmark and at least two alternative risk maps for each of the jurisdictions.

CountryJurisdictionBVP StartBVP EndHRP StartHRP End
BrazilAcre State2021-01-012026-12-31 2011-01-012020-12-31
Amapá State 2021-01-012026-12-31 2011-01-012020-12-31
Amazonas State 2024-01-012029-12-312014-01-012023-12-31
Mato Grosso 2019-01-012024-12-312009-01-012018-12-31
Pará State 2019-01-012024-12-312009-01-012018-12-31
Rondônia State 2022-01-012027-12-312012-01-012021-12-31
CambodiaNational 2022-01-012027-12-312012-01-012021-12-31
ColombiaNational2020-01-012025-12-312010-01-012019-12-31
Democratic Republic of CongoMai Ndombe Province 2021-01-012026-12-312011-01-012020-12-31
GuatemalaNational2022-01-012027-12-312012-01-012021-12-31
KenyaNational2022-01-012027-12-312012-01-012021-12-31
TanzaniaNational2021-01-012026-12-312011-01-01 2020-12-31
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Program Updates

19 December 2023

Verra is continuing to update and/or inactivate its existing REDD methodologies and modules and provide guidance for proponents of Avoiding Unplanned Deforestation projects as they transition their projects to Verra’s transformative new REDD methodology, VM0048 Reducing Emissions from Deforestation and Forest Degradation. (Please also see the previous program notice on initial methodology updates and inactivations.)

Updates to VM0015

Verra has made the following updates to VM0015 Methodology for Avoided Unplanned Deforestation, v1.1:

  • Incorporated the December 13, 2014, erratum regarding the omission of error propagation
  • Incorporated the November 3, 2017, clarification regarding post-deforestation carbon stock increase
  • Excluded accounting for carbon stock enhancement
  • Added a requirement to determine the most plausible baseline scenario
  • Added a stepwise process for testing greenhouse gas emissions significance
  • Excluded the modeling approach to project future deforestation
  • Updated requirements to delineate the reference region

The following effective dates pertain to the use of VM0015, v1.1:

  • For new projects and projects where the public comment period has not been initiated (i.e., where the proponent has not yet requested pipeline listing “under validation”) before December 19, 2023, proponents have until March 19, 2024, to do so to continue using VM0015, v1.1.
  • For projects where a public comment period has been initiated or will be initiated before March 15, 2024, proponents have until March 19, 2025, to complete validation using VM0015, v1.1. If their projects have been successfully validated by then, proponents may be able to use VM0015, v1.1 until they have to transition to VM0048 or until the next baseline reassessment or crediting period renewal, whichever is the earliest.
  • For projects validated using previous versions of the methodology, proponents may be able to use these versions until they have to transition to VM0048 or until the next baseline reassessment or crediting period renewal, whichever is the earliest.
  • All other project proponents must use VM0015, v1.2 until they have to transition to VM0048.

Updates to VMD0051 and VMD0012

Verra is making minor updates to VMD0051 Methods for Monitoring of Carbon Stock Changes and Greenhouse Gas Emissions and Removals in Tidal Wetland Restoration and Conservation Project Activities (M-TW), which is used with VM007 REDD+ Methodology Framework (REDD+MF). These changes align VMD0051 with Verra’s new Non-Permanence Risk Tool for Agriculture, Forestry, and Other Land Use, which now incorporates risks associated with sea-level rise.

The updated version, VMD0051, v1.1, is effective immediately.

Verra is also inactivating VMD0012 Estimation of Emissions from Displacement of Fuelwood Extraction (LK-DFW), v1.0, as this module relates exclusively to avoided forest degradation and is no longer referred to in any active methodology.

The grace periods for the inactivation of VMD0012 are as follows:

  • Projects that are listed (or requested pipeline listing) under development using VMD0012 must request pipeline listing under validation within three months of the announcement, i.e., before March 19, 2024.
  • Project proponents that have initiated or will initiate a public comment period before March 19, 2024, have until December 19, 2024, to complete validation with VMD0012. If they complete validation by then, projects may continue to use this module until their next baseline reassessment or crediting period renewal, whichever is the earliest.
  • Projects validated under VMD0012 may continue to use it until their next baseline reassessment or crediting period renewal, whichever is the earliest.
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Program Updates

14 December 2023

Verra would like to remind project proponents that the new rules and requirements for the Verified Carbon Standard (VCS) Program related to the updated Non-Permanence Risk Tool (NPRT) for Agriculture, Forestry, and Other Land Use (AFOLU) projects and 40-year longevity period will come into effect as of January 1, 2024. These new requirements were published in the August 29, 2023, VCS Program updates and are summarized in the “August 2023 Overview of VCS Program Updates and Effective Dates” document (PDF). In September, Verra issued additional corrections and clarifications to the VCS Program rules and requirements related to some of these effective dates.

Key Reminders

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Program Updates

11 December 2023

Verra announced today that, for the first time, it has applied Article 6 authorized labels to VCUs from a project registered in the Verified Carbon Standard Program.

Labels that identify Verified Carbon Units (VCUs) authorized for use under Article 6.2 of the Paris Agreement have been available on the Verra Registry as of August 2023. These labels are a key tool to support cooperative approaches to implement the Paris Agreement, driving finance to activities that accelerate global climate action.

Verra applied the Article 6 labels to VCUs issued to the DelAgua Live Well Clean Cookstove Programme (external) in Rwanda, which has worked in partnership with the Government of Rwanda for 12 years. DelAgua recently received Letters of Authorization (LOA) signed by the Rwanda Environment Management Authority, the authority designated by the Government of Rwanda to issue authorizations under Article 6 of the Paris Agreement. As described in Verra’s Article 6 Label Guidance (PDF), the LOA is a critical step toward obtaining Article 6 VCU labels and demonstrates Rwanda’s commitment to completing corresponding adjustments in its reporting under the Paris Agreement.

While the VCUs from DelAgua Live Well Clean Cookstove Programme in Rwanda are the first to receive Verra’s Article 6 Authorization labels, three other DelAgua projects have also submitted similar LOAs from the Rwanda Environment Management Authority that will enable labeling of future VCU issuances.

For more information on Article 6 Labels, please contact:
Jeremy Warren, Senior Manager, Media Relations, jwarren@verra.org

Project proponents may request Article 6 Labels during a project’s verification approval request, or at any time thereafter, through the Verra Registry under “Additional Certifications” on the project’s Verification Summary page.

The project proponent may apply for up to three Article 6 Labels, which transparently display the host Party authorized use(s) specified in the Letter of Authorization. The three available Article 6 Labels are:

  • Article 6 Authorized – NDC Use
  • Article 6 Authorized – International mitigation purposes
  • Article 6 Authorized – Other purposes

An Article 6 Label request will be assessed by Verra after the project’s relevant verification is approved for VCU issuance. Verra assesses whether the submitted Letter of Authorization meets the eligibility criteria contained in Section 3 of the guidance are met before approving or rejecting the Article 6 Label(s). Approved Article 6 Labels for VCUs will be publicly visible on the Verra Registry.

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Program Updates

19 December 2023

Today, Verra, the world’s leading standards setter for climate action and sustainable development, published its much-anticipated REDD methodology for forest conservation projects in the Verified Carbon Standard (VCS) Program, along with that methodology’s module for Avoiding Unplanned Deforestation (AUD) activities. REDD stands for Reducing Emissions from Deforestation and Forest Degradation, an approach that covers a range of activities, including preventing illegal logging and providing alternative livelihood sources.

Deforestation currently makes up 12 to 20 percent of global greenhouse gas (GHG) emissions and keeping forests standing is a fast and cost-effective way of contributing to urgently needed, impactful climate action. Financing this solution is of the essence, and REDD+, since its inception, has served as a revolutionary method of driving finance to the protection of standing forests. It has also empowered local communities to maintain these forests and their biodiversity, and can contribute to governments’ climate commitments under the Paris Agreement.

The new REDD methodology (VM0048 Reducing Emissions from Deforestation and Forest Degradation) and the new module for AUD activities (VMD0055 Estimation of Emission Reductions from Avoiding Unplanned Deforestation) will strengthen the VCS Program for issuing carbon credits to AUD projects.

In an important step toward meeting national climate action goals, which is a central topic at the upcoming COP28 in Dubai, VMD0055 involves collaboration between Verra and national governments and enables project baselines to be derived from jurisdictional REDD baselines.

What Is New

The new module for AUD activities employs a cutting-edge, high-integrity approach to setting project baselines, which are used to calculate a project’s emission reductions. Going forward, Verra will lead on establishing project baselines. Data for these baselines will be sourced from high-quality service providers, in compliance with stringent accuracy requirements. The data collection process will incorporate sophisticated technologies, such as satellites and remote sensing, as well as ground-truthing.

VMD0055 will allow the carbon accounting of all AUD projects in a jurisdiction (e.g., national or first subnational unit) to be proportionate to the total deforestation in that jurisdiction and will factor in carefully analyzed deforestation risk information.

Project baselines will no longer use reference regions to project future deforestation, reducing the potential for any perceived or actual conflict of interest at the project proponent level. Instead, Verra will allocate deforestation data directly to projects.

VMD0055’s new baseline approach includes the following key features:

  • Baselines are calculated based on a single deforestation dataset for a given jurisdiction established and approved by Verra, following stringent requirements.
  • Verra allocates baseline data to projects based on an assessment of deforestation risk in their project area. This allows for the number of verified emission reductions of all projects in this jurisdiction to be proportionate to the total of potential emission reductions in that area.

A key to implementing this new baseline approach will be the release of the revised VT0007 Unplanned Deforestation Allocation Tool. This new digital version of the tool includes a procedure for developing risk maps for jurisdictions where REDD projects registered in Verra’s VCS Program are located. Verra is conducting final testing of the tool using the first sets of activity data gathered and expects to release the tool, along with requests for proposals for risk mapping providers and for risk mapping data layers, in Q1 2024.

This new approach to providing allocated baselines for VCS AUD projects is not intended to replace or question government Forest Reference Emission Levels (FRELs). As Verra implements this new approach to baseline setting, it will engage with governments, use official data where possible, and share all final data with relevant government agencies.

Per the January 2022 VCS Program update (PDF), baselines must be reassessed every six years. Previously, baselines were reassessed every 10 years.

Transition to VM0048 and Related Changes to Other VCS AUD Methodologies

All current AUD projects are required to transition to the new methodology. As part of this transition, Verra is (1) inactivating two of its current AUD methodologies (VM0009 and VM0037) but certain projects currently “under validation” will have a limited window to complete the validation process (Verra will notify those project proponents who will be affected) and (2) updating one methodology (VM0007) so it continues to be available for AUD projects under certain conditions, for a limited time. Two more methodologies, VM0006 and VM0015, will be updated in the near future (expected for Q1 2024).

Certain modules originally designed to be used with VM0007 (VMD0001, VMD0002, VMD0003, VMD0004, VMD0005, VMD0006, VMD0011, VMD0013, VMD0014, VMD0015, and VMD0016) have been updated to enable their use with VM0048. VMD0008, also used with VM0007, is being inactivated.

The exact timing of an AUD project’s transition to the new REDD methodology will depend on (1) the current status of the project and (2) the availability of activity data for the jurisdiction in which a project is located.

For details on transitioning an AUD project to the new REDD methodology, see the “Transition Process by Project Status” webpage on the Verra website.

Verra anticipates that data for all jurisdictions with existing REDD projects will be available by January 1, 2025.

Fee Schedule Changes

Because Verra will incur the additional costs for baseline setting under this new methodology, we will institute a new fee to cover these costs. We expect this fee to be lower than the historical costs of baseline setting. More details will be available in a new fee schedule (expected for Q1 2024).

Development Process

The release of the new REDD methodology and AUD module follows a three-year process that included multiple rounds of expert review and public consultations. We would like to sincerely thank all stakeholders who contributed to this process!

The publication of VM0048 and VMD0055 contributes to the “Enhanced Program Integrity and Impact” thematic area under Verra’s “New Era for Verra” initiative.

Attribution for Work on VM0048 and VMD0055

Verra led the development of the methodology and module with support from Tim Pearson (Green Collar), Kevin R. Brown (Wildlife Conservation Society), Simon Koenig (Climate Focus), Till Neeff, Sarah M. Walker (Wildlife Conservation Society), and Lucio Pedroni (Carbon Decisions International). Juan Felipe Villegas (Carbon Decisions International), Igino Emmer (Silvestrum), Rebecca Dickson and David Shoch (TerraCarbon), and J. Ronald Eastman and Robert Gilmore Pontius Jr. (Clark Labs), and Manuel Estrada made significant contributions.

Pathway to CCP Labeling

As announced previously, Verra is committed to providing projects with a pathway for obtaining the Core Carbon Principles (CCP) label for historically issued VCUs. Such a pathway would allow for projects to transition to a new methodology version that has been approved by the Integrity Council for Voluntary Carbon Market (ICVCM) and apply this methodology retroactively to past issuances.

Verra will soon issue a guidance document with specifics on how to pursue this pathway. For REDD projects, this guidance would include information about gathering the necessary data and approaches for their retroactive application.

Next steps

By the end of 2024, Verra plans to release additional modules for addressing other aspects of REDD, such as avoiding planned deforestation (see the request for proposals related to avoiding planned deforestation). These modules will also be used together with VM0048.

Webinar

On Tuesday, December 19, 2023, at 11:00 am ET, Verra hosted a webinar to provide an overview of the new REDD methodology and the module for AUD activities.

Related Resources

Contact

If you have any questions regarding the new REDD methodology, please contact forestcarbon@verra.org.

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Program Updates

6 December 2023

Verra is inactivating and/or updating its existing REDD methodologies and issuing guidance for proponents of Avoiding Unplanned Deforestation (AUD) projects about transitioning their projects to the new REDD methodology.

All AUD projects registered in Verra’s Verified Carbon Standard (VCS) Program are required to transition to the new methodology. For projects’ transition processes, Verra is taking the following measures:

1. Inactivating two current AUD methodologies and one module, but certain projects currently “under validation” will have a limited window to complete the validation process:

2. Updating one current AUD methodology and 11 modules:

Verra also updated several modules originally designed to be used with VM0007 and  is currently updating VM0006, VM0015, VMD0007, and VMD0051.

Proponents of projects verified to VM0009 will still use it for true-up purposes, as required, to complete verification. Verra will update this methodology to correct an error related to the true-up procedure and inform project proponents when that update is published.

Effective Dates 

  • VM0009 and VM0037 projects that are listed (or requested pipeline listing) “under development” must request pipeline listing “under validation” within three months of the announcement, i.e., before February 27, 2024.
  • Project proponents that have initiated or will initiate a public comment period before February 27, 2024 have until November 27, 2024, to complete validation with VM0009 or VM0037. If they complete validation by then, projects may be able to use these methodologies until they have to transition to VM0048 or until their next baseline reassessment or crediting period renewal, whichever is the earliest.
  • Projects validated under VM0009 or VM0037 may be able to use these methodologies until they have to transition to VM0048 or until their next baseline reassessment or crediting period renewal, whichever is the earliest.

For more information about transitioning to VM0048, see the “Transition Process by Project Status” webpage.

Projects not yet on the Verra pipeline are encouraged to wait until activity data is available for use in their jurisdiction and then use VM0048. Verra is currently developing activity data and will be ready to allocate it very soon for almost all of the jurisdictions where projects using VM0009 and VM0037 are located. We will provide specific guidance to those projects as they transition.

Such projects may also apply the most recent versions of VM0006 Methodology for Carbon Accounting for Mosaic and Landscape-scale REDD Projects, VM0007 REDD+ Methodology Framework, or VM0015 Methodology for Avoided Unplanned Deforestation. Such methodology transitions would be accomplished using the project description deviation process outlined in Section 3.20 of the VCS Standard, v4.5 (PDF).

Verra has made minor updates to VM0007 REDD+ Methodology Framework to prepare proponents using these methodologies for transitioning their projects to VM0048. The updates also correct errors, inaccuracies, and internal inconsistencies and clarify criteria and procedures.

Effective Dates

  • New projects and projects that have not initiated the public comment period (i.e., that have not requested pipeline listing “under validation”) before November 27, 2023, have until February 27, 2024, to do so using VM0007, v1.6.
  • Project proponents that have initiated or will initiate a public comment period before February 27, 2024, have until February 27, 2025, to complete validation with VM0007, v1.6. If they complete validation by then, projects may be able to use these methodologies until they have to transition to VM0048, or until their next baseline reassessment or crediting period renewal, whichever is the earliest.
  • Projects validated with previous versions of the methodology may be able to use these methodologies until they have to transition to the VM0048 or until their next baseline reassessment or crediting period renewal, whichever is the earliest.
  • All other projects must use the updated versions of the methodologies until they have to transition to VM0048.

Updates to VM0007

Changes to VM0007:

  • Excluded forest degradation and carbon stock enhancement in secondary forests that would have converted under the baseline as an eligible activity
  • Replaced the CDM Additionality Tool with VT0001
  • Included a significance test for projects that do not meet the CDM tool applicability conditions
  • Updated references for the duration of baseline validity and historical reference periods to be in accordance with VCS Standard, v4.5 (PDF) and VCS Methodology Requirements (PDF), respectively
  • Adjusted the estimation of uncertainty to match that that required in the VCS Methodology Requirements, v4.4 (PDF)
  • Updated document references and made minor editorial corrections

Verra updated modules originally designed to be used with VM0007 (VMD0001, VMD0002, VMD0003, VMD0004, VMD0005, VMD0006, VMD0011, VMD0013, VMD0014, VMD0015, and VMD0016) to enable their use with VM0048. In addition, accounting for avoided forest degradation and carbon stock enhancements was removed from these modules. VMD0008, which deals exclusively with avoided degradation, has been inactivated.

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Program Updates

5 December 2023

Verra invites proposals for a consultant to collect data and potentially conduct a review of Avoiding Planned Deforestation (APD) projects registered in Verra’s Verified Carbon Standard (VCS) Program to determine the extent of deforestation risk the areas in which the projects are located face. A second objective is to assess to what extent deforestation has been halted as a result of VCS project activities.

The selected consultant will identify and use data from concessions and timber harvest permits granted and executed in several countries and, if possible, compare this data with the expected deforestation rates APD projects use in their baseline calculations.

This analysis will be used to strengthen Verra’s current APD accounting methods. Verra is currently developing an updated APD module for projects to use in conjunction with VM0048, the new REDD methodology. Updates to other VCS APD methodologies are expected for early 2024.

It is possible that the research could inform the development of performance-based APD baselines, e.g., that data resulting from this analysis could be useful for setting project baselines in the countries in which the work is being carried out. The results of this research might also be used to provide peer-reviewed data to improve the scientific basis for such baselines.

Verra is currently developing an updated APD module for projects to use in conjunction with VM0048, the new REDD methodology. Updates on some of the APD methodologies are forthcoming in December 2023.

Interested consultants should review the Request for Proposals (PDF) for further details on the scope of work, deliverables, timeline, and required skills and qualifications to apply.

Please submit all proposals and documents to forestcarbon@verra.org by Sunday, January 14, 2024. 

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Program Updates

5 December 2023

Verra has published clarifications to the VCS Standard, v4.5 and VCS Methodology Requirements, v4.4. These clarifications will enable projects using a jurisdictional allocation approach for establishing their baseline validity periods to adopt the new consolidated REDD+ methodology.

The updates in the clarifications are effective immediately.

For any questions, please email programupdates@verra.org.

Program Updates

20 December 2023

Verra has published a Request for Proposals (RFP) (PDF) for the development of jurisdictional activity data and forest cover benchmark maps for Avoiding Unplanned Deforestation (AUD) projects in the Verified Carbon Standard (VCS) Program. AUD projects represent a type of project under the broader Reducing Emissions from Deforestation and Forest Degradation (REDD) approach.

Jurisdictional activity data captures the area deforested – measured in hectares – over a given time. The allocation of this jurisdictional deforestation activity data to projects in proportion to the relative risk of deforestation in project areas is one of the key innovations of Verra’s new REDD methodology. Such jurisdictional activity data will enable Verra to establish deforestation baselines and project proponents will no longer rely on reference regions to project future deforestation. Verra plans to publish its new REDD methodology by the end of the month.

This approach to baseline setting ensures that the number of verified emission reductions generated by all projects in this jurisdiction is proportionate to the total potential emission reductions in that area. As a result, the carbon credits Verra issues to VCS AUD projects will reflect the highest level of integrity.

This work will provide allocated baselines for VCS AUD projects. It does not replace or question government Forest Reference Emission Levels (FRELs). As Verra implements this new approach to baseline setting, it will engage with governments, use official data where possible, and share all final data with relevant government agencies.

To facilitate a smooth transition to its new REDD methodology, Verra is committed to ensuring that, by the end of 2024, jurisdictional baselines will be set in all 40+ jurisdictions that have VCS AUD projects.

In July 2023, Verra launched the process of activity data collection and began gathering activity data in five Brazilian states and seven other jurisdictions. This new RFP will initiate the data gathering process for the remaining jurisdictions that include existing or planned VCS AUD projects.

More information, as well as instructions on applying, can be found in the Request for Proposals: Development of Jurisdictional Activity Data and Forest-Cover Benchmark Maps for VCS Avoiding Unplanned Deforestation Projects. The deadline to apply is January 12, 2024.

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Program Updates

2 October 2023

Verra has released its new Afforestation, Reforestation, and Revegetation methodology in the Verified Carbon Standard (VCS) Program. VM0047 Methodology for Afforestation, Reforestation, and Revegetation enables the generation of high-quality nature-based removal credits from activities that increase the density of trees or other types of woody vegetation. It is the first forestry methodology in the voluntary carbon market that allows for the use of a dynamic performance benchmark approach and relies on remote sensing data to establish a project’s baselines and test its additionality. This demonstrates Verra’s commitment to continuous improvement of methodologies in the VCS Program.

VM0047 offers two quantification approaches:

  • Area-based approach: This approach uses plot-based sampling and a remote sensing-enabled dynamic performance benchmark. The project area is matched to a set of similar control plots. Subsequently, the rate of vegetative cover change in the project and control areas is compared. This comparison is used to test additionality and establishes the crediting baseline at every verification.
  • Census-based approach: This approach applies to smaller projects where a full census of plantings is feasible and projects do not impact land use or land cover in a contiguous area of more than one hectare. This approach is best suited to dispersed planting activities (e.g., urban forestry, agroforestry, shelterbelts, revegetation that does not meet the forest definition). Under this approach, additionality is demonstrated by establishing a project-case and alternative baseline scenario. The baseline is set at zero (i.e., the assumption is that the establishment of trees or other vegetation is unlikely in the absence of the project) if the project meets pre-set, conservative criteria.

Accompanying Module

VM0047 was developed with an accompanying module, VMD0054 Module for Estimating Leakage from ARR Activities. Projects using VM0047 must account for leakage using VMD0054. Currently, the module may not be used with any other VCS methodology.

Verra authored the methodology and module with support from two contractors, TerraCarbon (external) and Silvestrum (external), with contributions from Kyle S. Hemes and the ABACUS Working Group, in accordance with the VCS Methodology Development and Review Process, v4.3 (PDF).

Grace Period for Projects Using CDM Methodologies AR-ACM0003 or AR-AMS-0007

VM0047 will replace CDM methodologies AR-ACM0003 Afforestation and reforestation of lands except wetlands and AR-AMS0007 Afforestation and reforestation project activities implemented on lands other than wetlands.

Projects that plan to use either CDM methodology or are “under development” using the AR-ACM0003 or AR-AMS0007 must be listed with a status of “under validation” within three months of October 3, 2023. All projects using these CDM methodologies that have not completed validation must complete validation within 15 months of October 3, 2023.

Webinar

On October 12 at 1:00 pm ET, Verra will host a webinar to provide an overview of the VM0047 Methodology for Afforestation, Reforestation, and Revegetation. Speakers will include representatives from Verra and TerraCarbon who collaborated on the methodology development.

FAQs

One of the distinct advantages of Verra’s ARR methodology is the flexibility to utilize either or both of these accounting approaches within a project. However, it is important to note that project areas must not overlap. The area-based approach is best suited for larger projects, while the census-based approach offers a practical solution for small landowners whose projects can be consolidated.

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