Verra is a carbon credit registry that manages the Verified Carbon Standard (VCS), the biggest standard in the carbon market based on market share. As a standard, Verra sets rules and requirements for carbon credit projects to ensure that they achieve measurable, high-integrity outcomes.
Verra's Methodology Change and Requantification Procedure allows VCS Program projects to update methodologies used in past verification periods, align previous monitoring and verification reports with updated methodology versions, and requantify greenhouse gas (GHG) emission reductions and removals from past periods.
To set up a carbon project and earn carbon credits, you need to ensure you can register the project with the Clean Energy Regulator (CER) and meet the legal and financial criteria established under the Australian Carbon Credits Unit (ACCU) Scheme.
Account applications may be submitted by clicking on “Open An Account” at the top right corner of the Verra Registry site. Note that all registry account applicants will be subject to strict “Know-Your-Customer” background checks.
Any entity wishing to register projects or issue, retire, or transfer credits must have an active Verra Registry account. Account applications may be submitted by clicking on “Open An Account” at the top right corner of the Verra Registry site.
Development Process Project feasibility assessment. Project listing. Inventory design & installation. Project and baseline scenario modeling. Initial carbon credit and offset project data report. Third-party verification & registry review. Credit/offset issuance. Annual credit/offset project data report.
VCS methodologies set out detailed procedures for quantifying the real greenhouse gas (GHG) benefits of a project and provide guidance to help project developers determine project boundaries, set baselines, assess additionality, and ultimately quantify the GHG emissions that were reduced or removed.
A version control system is a kind of software that helps the developer team to efficiently communicate and manage(track) all the changes that have been made to the source code along with the information like who made and what changes have been made.
Verified Carbon Standard (VCS) Methodologies are technical documents used by project developers to quantify the GHG benefits of different project types.
There are three core components of a carbon crediting program: Eligibility definitions and rules for the design and early implementation phase of a project. They can include additionality and baseline methodologies, definitions of accepted project types, and procedures for validating project activities.