June 2024 Methodology Updates (1/n)

This article is an automatically translated version of the original Japanese article. Please refer to the Japanese version for the most accurate information.

This is Sustainacraft Inc.'s newsletter.

Methodology Updates is a series that covers carbon and biodiversity credit methodologies. In this article, we will introduce updates to Verra's Agricultural Land Management (ALM) methodology.

Verra is currently developing v3.0, a major update to VM0042, its methodology for ALM projects. The main changes being considered include: 1) adding options for Baseline calculation methods, 2) expanding guidance on soil sampling, and 3) revising emission/removal calculation methods for agroforestry activities. For now, all three points aim to supplement the existing methodology and reflect the latest scientific knowledge introduced in related but separate methodologies, and are not expected to significantly impact the calculation approach or the final Credit volume.

However, as mentioned in a previous newsletter, ALM projects are expected to become an important source of Removal Credits in the future, and in that sense, it is important to closely monitor these developments.

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Major Update on Verra's ALM Methodology

(link)

Verra is currently developing v3.0, a major update to VM0042, its methodology concerning Agricultural Land Management (ALM). The linked article publishes the changes under consideration and the future schedule. A webinar was also held on June 19, 2024, and pre-public comments are now being solicited for the proposed content.

While many specific details remain unknown, below, based on the content of the webinar, we will briefly introduce the three major changes mentioned at the beginning: 1) adding options for Baseline calculation methods, 2) expanding guidance on soil sampling, and 3) revising emission/removal calculation methods for agroforestry activities.