x
LATEST ARTICLE Unlock a green future through sustainable impact investing Read Article

Revised Verra module boosts integrity in deforestation auditing

Verra, a prominent US-based carbon registry, has released an updated version of its avoided unplanned deforestation module, known as VMD0055. This revision follows a recent public consultation and aims to refine the framework for accounting greenhouse gas (GHG) reductions in deforestation projects.

Revised Verra module boosts integrity in deforestation auditing_Young deciduous trees growing in the foreground, with a cleared deciduous forest in the background_visual 1Young deciduous trees growing in the foreground, with a cleared deciduous forest in the background. AI generated picture.

The module, essential for projects avoiding unplanned deforestation, now aligns more closely with Verra's consolidated methodology, VM0048. Incorporating feedback gathered from 9 August to 9 September, the update refines language and revises guidelines on timber harvesting activities.

Read more: Mapping the future: Verra's new initiative in deforestation risk assessment

Key changes address procedural clarity, enhancing alignment with the Integrity Council for the Voluntary Carbon Market’s Core Carbon Principles. These updates establish a higher standard for carbon projects, supporting robust methodology and high integrity in the carbon market.

Among the significant adjustments, Verra has clarified baseline procedures for projects transitioning to the new module and ensured alignment with VT0007, a tool aiding in data allocation for unplanned deforestation. The revision also defines mapping requirements, spatial resolution, and jurisdictional sampling scopes, refining the technical aspects for users.

An essential change is that the revised module no longer requires accounting for emissions from timber harvesting in project scenarios. Consequently, VMD0055 is not currently applicable to projects involving timber harvesting. However, Verra is actively working on a version to incorporate guidelines for these projects in the future.

The revised VMD0055 module is mandatory for all new deforestation projects as of 21 October, ensuring Verra's methodology aligns with the evolving standards in the voluntary carbon market.

Read more: Powering AI responsibly: the role of carbon compensation

DGB Group is dedicated to driving impactful nature-based solutions, including reforestation, community-focused agroforestry, and sustainable land management, to address deforestation and biodiversity loss. Our projects produce verified carbon units through leading standards such as Verra and the Gold Standard, offering organisations a reliable means to measure and offset their environmental impact.

Partnering with DGB empowers both companies and individuals to make meaningful strides toward their net-zero goals, while actively contributing to the restoration and preservation of vital ecosystems. Together, we are building a more resilient, sustainable future for generations to come.

Before you go...

As DGB Group, our sole purpose is to rebuild trust and serve the public by making the right information available to everyone. By subscribing to our mailing newsletter, you can get the latest tips and trends from DGB Group's expert team in your inbox. Sign up now and never miss the insights.

Read other news

The price of Australian Carbon Credit Units (ACCUs) is projected to surge by 75% to AUD 70 per tonne..

The European Commission’s 2024 NextGenerationEU (NGEU) Green Bonds Allocation and Impact Report shed..

At COP29 in Baku, Norway unveiled its largest financial commitment yet to the global carbon market: ..

In a landmark collaboration unveiled during COP29 in Baku, Azerbaijan, Verra and the state of Amazon..

Let’s get to know you

Let's talk about how we can create value together for your sustainability journey.