Wednesday, 9 October 2024

Focus on Verra

Verra was founded in 2007 by environmental and business leaders who saw the need for greater quality assurance in voluntary carbon markets. Verra manages the world’s leading voluntary carbon markets program, the Verified Carbon Standard (VCS) Program, as well as a suite of other programs, incubates new ideas to generate meaningful environmental and social value at scale, and advances the use of these programs worldwide.

A Manila coal plant could be a model for how developing countries can quit polluting fossil fuel (AFP)
AnalysisCarbon ManagementClimateContracts for DifferenceEmissionsEmissions MarketsEnvironmentIndigenousLegislationRegulations

Can carbon credits help close coal plants?

A Philippine coal plant could close early by converting to renewables, funded through carbon credits to cut emissions.

News Release

Verra Inactivates UNFCCC CDM Sulfur Hexafluoride Replacement Methodology

17 Sept 2024 Verra has permanently inactivated the use of UNFCCC CDM methodology AM0065: Replacement of SF6 with alternate cover gas in the magnesium...

The Southern Cardamom project is intended to protect over 450,000 hectares of rainforest (AFP)
BusinessClimateEmissions MarketsIndigenousNewsPolitics

Controversial Cambodia carbon credit project reinstated

Forestry scheme Southern Cardamom now certified by Verra following damning Human Rights Watch report in February.

News Release

Verra Reinstates Southern Cardamom REDD+ Project

Standards setter requires actions to protect human rights 10 Sept 2024 WASHINGTON — Verra, the nonprofit that serves as the leading standards setter for...

AgricultureBusinessClimateEmissionsEmissions MarketsNewsRegulations

Carbon registry Verra rejects China rice projects

Integrity of rice irrigation schemes under scrutiny after carbon market monitor rejects 37 Chinese projects.

News Release

Verra Rejects China Rice Cultivation Projects, Sanctions Auditing Firms and Project Proponents

Unprecedented actions, including requiring project proponents to compensate for overissued VCUs, another step in Verra’s effort to bring greater transparency and integrity to...

FILE PHOTO: A view of a plant grown in the non-profit group Rioterra's nursery is about to be planted on a piece of deforested land, in Porto Velho, Rondonia state, Brazil February 19, 2020. REUTERS/Alexandre Meneghini/File Photo
AnalysisBusinessClimateEmissionsIn-Depth

Analysis: Carbon offset setback risks corporate backtrack on climate goals

Stalled efforts to expand companies' use of carbon credits are raising the prospect that some will backtrack or abandon their targets.

FILE PHOTO: A boy dusts off a solar panel installed on the rooftop of his house on the outskirts of the western Indian city of Ahmedabad October 27, 2014. INDIA-SOLAR//File Photo
BusinessEmissionsEmissions MarketsNewsRegulations

Around a third of carbon credits fail new benchmark test

Carbon credit standards not met by a third of existing schemes, says independent integrity council, as demand for offsets falls due to doubts.

News Release

Verra Launches ABACUS Label for Ecosystem Restoration and Reforestation Credits

New Market Label Developed with Input from Consensus-Based Expert Working Group, Supported by VCM Stakeholders 29 July 2024 WASHINGTON — Verra, the nonprofit...

FILE PHOTO: The Amazon logo is displayed on a sign outside the company's LDJ5 sortation center, as employees begin voting to unionize a second warehouse in the Staten Island borough of New York City, U.S. April 25, 2022.  REUTERS/Brendan McDermid/File Photo
BusinessClimateEmissionsNews

Amazon sidesteps carbon offset standard Bezos helped to fund

The online retailer is backing the development of a new standard.

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