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Verra was developed in 2005 when the company Climate Wedge and its partner Cheyne Capital designed and drafted the first version (version 1.0) of the Voluntary Carbon Standard. This standard was intended as a quality standard for transacting and developing "non-Kyoto" Protocol carbon credits. Climate Wedge was at the time active as a carbon ...
The standards can be combined with a carbon accounting standard, such as, the CarbonFix Standard (CFS), the Clean Development Mechanism (CDM) or the Voluntary Carbon Standard (VCS). The Standards, now managed by the non-profit Verra , have been applied to nearly 200 projects, over 50 of which have achieved full verification. [ 6 ]
IPMVP has existed in various forms since 1995 when a version of the protocol entitled North American Energy Measurement and Verification Protocol was published. This has been updated and expanded several times since then and in 2001 IPMVP Inc. was formed as an independent non-profit corporation in order to include the international community.
Verification is intended to check that a product, service, or system meets a set of design specifications. [6] [7] In the development phase, verification procedures involve performing special tests to model or simulate a portion, or the entirety, of a product, service, or system, then performing a review or analysis of the modeling results. In ...
Verra was developed in 2005. It is a widely used voluntary carbon standard, which also offers specific methodologies for REDD+ projects. [92] As of 2020, there had been over 1,500 certified VCS projects covering energy, transport, waste, forestry, and other sectors. [92] In 2021, Verra issued 300 MtCO 2 e worth of offset credits for 110 projects.
The Standard has three parts: [1] ISO 14064-1:2018 specifies principles and requirements at the organization level for quantification and reporting of greenhouse gas (GHG) emissions and removals. It includes requirements for the design, development, management, reporting and verification of an organization's GHG inventory.
The common ground for monitoring and evaluation is that they are both management tools. For monitoring, data and information collection for tracking progress according to the terms of reference is gathered periodically which is not the case in evaluations for which the data and information collection is happening during or in view of the ...
VERRA was developed in 2005, and is a widely used voluntary carbon standard. It uses accounting principles based on ISO 14064 Part 2, which are the same as the GHG protocol principles described above. [97] Allowable projects under VERRA include energy, transport, waste, and forestry. There are also specific methodologies for REDD+ projects. [98]