Verra periodically updates the rules and requirements for the Verified Carbon Standard (VCS) Program to expand its scope and to ensure it continues to reflect the latest science and technology. The following proposed changes were open for public consultation until 11 September 2022:
- Introduction of requirements for geologic carbon storage (GCS) activities, including associated tools and requirements;
- Updates to the requirements for avoiding double-counting of carbon credits in Scope 3 emissions inventories;
- Addition of a discount factor for crediting in cases of upstream displacement; and
- Clarification of the long-term average GHG benefit calculation for afforestation, reforestation, and revegetation projects as well as improved forest management projects.
Please read the Proposed Updates to the VCS Program, 13 July 2022 for detailed information.
Verra expects to release the finalized updates to the VCS Program by the end of 2022.
On 27 July 2022 at 11:00 am EDT, Verra held a one-hour webinar to provide an overview of the proposed updates.
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