June 2024 Methodology Updates (2/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 a newsletter from Sustainacraft Inc..
Methodology Updates is a series that covers methodologies for Carbon Credit and biodiversity credits. This article introduces Verra's efforts to standardize its ARR (Afforestation, Reforestation, & Revegetation) methodologies.
Recently, Verra has been implementing various revisions aimed at consolidating methodologies/modules related to ARR activities within the VCS Program. While VM0047, published in September 2023, is the latest ARR Methodology for terrestrial areas, ARR-related activities are included in various forms in VCS NbS projects, and currently, individual methodologies use different calculation methods. Compared to the previously mainstream CDM ARR Methodologies, VM0047 incorporates the latest scientific knowledge, including the adoption of a Dynamic Baseline (and its substitution for Additionality tests), as well as more stringent Leakage calculation and Monitoring requirements. The primary objective is likely to enhance the consistency and reliability of calculation methods by generally requiring ARR activities included in projects to reference this Methodology for project design.
Below, we will briefly introduce three methodologies for which changes are being considered. For a detailed explanation of VM0047, please refer to the newsletter linked below.
Verra's Efforts to Standardize ARR Methodologies
( [link](https://verra.org/verra-consolidates-arr-methodologies/) )Below, we will introduce VM0007 (REDD+), VM0042 (ALM), and VM0033 (Mangrove Reforestation), each of which is being considered for partial replacement by VM0047.