Verra has published Verified Carbon Standard (VCS) Methodology Revision VMR0004 Improved Efficiency of Fleet Vehicles, v2.0.
This methodology is applicable to project activities that improve the efficiency of vehicle fleets, including transport vehicles and mobile machinery, resulting in reduced greenhouse gas emissions from fuel and electricity consumption.
This revision introduces the option to monitor individual vehicles using telematics systems, which provide continuous tracking of odometer readings, fuel consumption, and operational time. This data is recorded in a centralized database, streamlining project monitoring.
Additionally, the methodology has been updated to better align with net-zero transition goals by setting a cut-off date for the inclusion of new fossil fuel vehicles and ensuring compatibility with national and regional net-zero transition plans and decarbonization strategies.
It also incorporates a conservativeness deduction based on uncertainty assessment and enhances the additionality demonstration procedures by including the investment analysis option, requiring a common practice analysis, and excluding the common practice barrier.