Verra

Today, we celebrate the landmark statement from the U.S. government underlining the importance of the voluntary carbon market (VCM).    We know high-integrity #CarbonCredits give companies and emitters the ability to do more, and to do it faster than cutting internal emissions alone. We also know companies that buy carbon credits through the VCM are leaders in climate action. The White House has now made the case for the VCM even stronger: the time has come for this climate solution. Verra is the leading standards setter in the VCM, and we continue to promote rigor, transparency, and vigilance for science-backed and consensus-driven standards. Verra is committed to certifying high-quality projects and issuing high-integrity credits that represent real, additional, and permanent emission reductions and reward co-benefits, while also including critical social and environmental safeguards. Our core mission is to unlock investment in tangible climate action. We applaud the United States for supporting this key climate action tool. Read our full statement: https://bit.ly/4ebUYLl #Verra #CarbonMarkets #ClimateChange #StandardsMatter

🌍 This October, Verra will be on the ground at the Chile Carbon Forum. ➡ Chile now officially recognizes external certification programs, including Verra’s Verified Carbon Standard (VCS) Program, and allows units that these programs issue to be traded in Chile’s domestic carbon market. This supports Chile's growing carbon market and helps the country meet its Nationally Determined Contributions (NDCs). ➡ The event later this year will offer great opportunities for the exchange of ideas and collaboration between various stakeholders in the sector. 📆 Mark your calendars – registration opens in September! ⏳ 

Verra and Mongolia’s Climate Change Research and Cooperation Centre (CCRCC) signed a Memorandum of Understanding (MOU) last week. Under the MOU, Verra and the CCRCC will support the development of a domestic voluntary carbon market (VCM) in Mongolia by helping stakeholders gain the relevant expertise and by building capacity for both public and private stakeholders. Stakeholders will be introduced to Verified Carbon Standard (VCS) Program requirements, with a focus on enabling them to access finance for carbon projects. Specific activities will include a detailed overview of the Verra Registry and guidance on VCS methodology development. Learn more: https://bit.ly/4cD5J8e #Verra #ClimateChange #ClimateAction #VCM

🔊 Verra has published a Request for Proposals (RFP) for a validation/verification body (VVB) to review the draft Verified Carbon Standard (VCS) Program Methodology for Accelerated Coal-Fired Power Plant Retirement Using a Just Transition. ☑ The methodology quantifies the emissions avoided by retiring power plants before the end of their expected operational period. It also requires the pairing of new renewable energy-generating capacity with the retired coal capacity to prevent leakage. Any residual leakage is accounted for by applying conservative discounts for all emissions from grid electricity needed to replace the retired plant. ☑ The methodology can have a high impact on the energy sector by enabling owners or operators of coal-fired power plants to access finance that can support an early retirement of the plant without impacting ratepayers or preventing the plant operators or owners from meeting other fiduciary obligations. The methodology also includes comprehensive requirements to ensure a just transition for local communities and vulnerable groups who will be affected by the retirement of such plants. 📆 VVBs interested in reviewing the draft methodology should submit all application materials by Wednesday, July 31, 2024. For more information on the scope of work, deliverables, timelines, and requisite skills and qualifications, please see the RFP in the announcement: https://bit.ly/3WecU0K. #Verra #ClimateAction #ClimateChange #StandardsMatter

📢 Save the Date! 📢 📆 Our next Stakeholder Update Webinar will take place Wednesday, July 24, at 11:00 am ET! ➡ Join us to hear our most recent quarterly update on the commitments we made under our New Era for Verra initiative in September 2023. These commitments cover three thematic priority areas: operational excellence, enhanced program integrity and impact, and accountability. ➡ Register today: https://bit.ly/3XY1i37 #Verra #StandardsMatter #ClimateAction #SustainableDevelopment #Biodiversity

📢 Public consultation closes July 12! 📅 There are just a few more days to provide feedback on a draft rice methodology in the Verified Carbon Standard Program. Please see below for details and instructions on how to participate!

📢 New public consultation open! Verra has launched a public consultation on an optional pathway for projects registered in the Verified Carbon Standard (VCS) Program to (1) update to a new methodology or methodology version for past verification periods and (2) requantify the greenhouse gas (GHG) emission reductions and carbon dioxide removals from past verification periods in accordance with that methodology. If the new methodology or methodology version to which a project updates is approved by The Integrity Council for the Voluntary Carbon Market (ICVCM), such a change would enable proponents to obtain Core Carbon Principles (CCP) labels for the requantified Verified Carbon Units (VCUs). The consultation is open from July 9 through August 9, 2024. See the full announcement for more details, including the full text of the proposed procedure: https://bit.ly/4bB7tNF #Verra #ClimateChange #ClimateAction #StandardsMatter

📢 Provide your feedback by July 12! 📅 We're extending the deadline to participate in the pre-consultation survey on the major revision to VM0042 Methodology for Improved Agricultural Land Management. Please submit your comments by Friday, July 12!

📢 Reminder! Join Verra and Women Organizing for Change in Agriculture and Natural Resource Management (WOCAN) for a webinar this Wednesday, July 10, 2024, at 2:00 pm ET. The webinar will feature an overview of the updated guidance document for those wishing to apply a W+ label to Verified Carbon Units (VCUs) generated by their project.

Learn all about sustainable development innovation, biodiversity credits, Verra's Nature Framework, and much more in the latest episode of 4Nature, featuring Sinclair Vincent, senior director, sustainable development, program development and innovation. In this episode, “Quantifying Nature – The Quest for Standardized Biodiversity Credits,” Sinclair joins hosts David Meyers of Conservation Finance Alliance and Kim Bonine of Natural Capital Project. “Biodiversity credits and the markets around those can be one of many tools for bringing investment into activities that are conserving or restoring biodiversity,” Sinclair shares. “Verra's role is really to certify and incentivize that widespread investment in measurable, positive biodiversity outcomes that benefit nature and people.” Check out the full episode for an insightful conversation on the following topics (to name just a few!): 🌿 Scaling biodiversity credit markets through standardized measurement 🌿 Engaging Indigenous Peoples and local communities in nature conservation 🌿 Driving investment in nature with biodiversity credits 🌿 Building trust, transparency, and capacity in nascent nature markets Listen here: https://bit.ly/4cpMgYx #Biodiversity #4Nature #Verra #ClimateAction #StandardsMatter #SustainableDevelopment