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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.
Certification programs for VCMs establish accounting standards, project eligibility requirements, and monitoring, reporting and verification (MRV) procedures for credit and offset projects. They include the Verified Carbon Standard issued by Verra, the Gold Standard, the Climate Action Reserve, the American Carbon Registry, and Plan Vivo. [78]
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]
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 ...
The ISO 14064-3 verification standard is one of the standards accepted by the Carbon Disclosure Project, the widely used climate impact disclosure system, as a valid framework for measuring and reporting GHG emissions. [2] The principles behind ISO 14064 have been used in national calculation methodologies such as the UK's Carbon Trust Standard ...
The group's work led to a request for drafting an ETV ISO standard, resulting in establishing an ISO working group under Technical Committee 207 (Environmental Management), Sub-committee 4, Working Group 5 - Environmental Technology Verification (ISO/TC 207/SC 4/WG 5). [5] The ISO standard will have the number ISO/NP 14034 once completed. [1]