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⚡ Verra has released updated versions (v1.1) of Verified Carbon Standard (VCS) methodology VM0038 Electric Vehicle Charging Systems and VCS module VMD0049 Activity Method for Electric Vehicle Charging Systems. These constitute minor revisions to VM0038 Methodology for Electric Vehicle Charging Systems, v1.0 and VMD0049 Activity Method for Determining Additionality of Electric Vehicle Charging Systems, 1.0. VM0038 applies to projects that install electric vehicle (EV) charging systems, including their associated infrastructure. The methodology quantifies emission reductions resulting from the displacement of emissions from conventional fossil fuel vehicles used for passenger and freight transportation. VM0038 is a globally applicable methodology that uses a standardized method and a project method to determine additionality. The positive list is found in VMD0049, its associated module. VM0038, v1.1 includes updates to applicability conditions and the positive list, the adoption of VCS tools VT0008 and VT0011, and the incorporation of a Corrections and Clarifications document. This revision was initially submitted by the Climate Neutral Business Network. The development has since transitioned to a Verra-led process. 🔗 Read more: https://bit.ly/46a6eES #Verra #CarbonMarkets #ElectricVehicles

❓Are you looking to transfer a project from another greenhouse gas crediting program to Verra's Verified Carbon Standard (VCS) Program? Check out our new quick guidance sheet, which includes the following all in one place: ☑️ High-level overview of the process ☑️ Eligibility requirements ☑️ Registration request deadlines 🔗 Access the resource: https://bit.ly/4g3QXvf #Verra #ClimateAction #CarbonMarkets

🎉 Verra's carbon capture and storage (CCS) methodology and its accompanying modules have been approved by The Integrity Council for the Voluntary Carbon Market (ICVCM) as meeting the Core Carbon Principles (CCPs), a clear market signal that credits generated under this methodology are of the highest integrity. VM0049 Carbon Capture and Storage, v1.0 establishes criteria and procedures for quantifying greenhouse gas emission reductions and carbon dioxide removals from projects that capture CO2 and store it permanently. It is a globally applicable framework for technology-based CCS activities and relies on modules, enabling flexibility and scalability. The CCP-approved modules include those for direct air capture (DAC), CO2 transport, CO2 storage, and bioenergy with carbon capture and storage (BECCS). ➕ VM0049 also sets a high bar for integrity in how it treats the energy used to power carbon capture. Where projects rely on renewable electricity, they must demonstrate that it comes from new sources developed specifically to serve the CCS project, rather than from existing renewable sources. 🔗 Read the full press release: https://bit.ly/3V6LcVH #Verra #CCS #CarbonCapture

Verra has launched the first version of the Scope 3 Standard Program, opening an incredible pathway for credible value chain climate action.

Value chain climate action requires a credible, practical approach. Verra’s new standard helps companies address Scope 3 emissions.

Credible Scope 3 action requires clear rules and transparent accounting. Verra’s new program is designed to support both and mobilize investment.