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[2] [3] VCS is administered by Verra, a 501(c)(3) organization. [4] Verra is a certifier of voluntary carbon offsets. [5] As of 2020 there were over 1,500 certified VCS projects covering energy, transport, waste, forestry, and other sectors. [6] In 2021 Verra issued 300 MtCO 2 e worth of offset credits for 110 projects.
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]
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]
Verra was developed in 2005. It is a widely used voluntary carbon standard, which also offers specific methodologies for REDD+ projects. [91] As of 2020, there had been over 1,500 certified VCS projects covering energy, transport, waste, forestry, and other sectors. [91] In 2021, Verra issued 300 MtCO 2 e worth of offset credits for 110 projects.
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 some U.S. states, more than 40% of residents report having to cut back on basic necessities to afford their electricity bill, survey finds.
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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 ...