A Sustainable Investment in Journalism

A sustainable business requires diverse revenue streams. ESG Investor now operates a subscription service as of Tuesday 14th May. To find out more please get in touch with our subscription team on subscriptions@esginvestor.net

Verra Unveils New Methodology  

Carbon credit verifier Verra has launched a new methodology which includes a new approach to setting baselines for calculating emission reductions from forest conversation activities under the Verified Carbon Standard Programme. The methodology will also align forest conservation activities with the accounting requirements for nationally determined contributions (NDCs) under the Paris Agreement. Under the new methodology, Verra will lead and manage the baseline-setting process, using jurisdictional-level data that meet stringent requirements and a robust development process. The programme will employ advanced remote-sensing technologies coupled with a risk assessment to determine the expected deforestation for a project area, ensuring that the number of verified emission reductions from all projects in a jurisdiction is consistent with jurisdictional-scale accounting. Toby Janson-Smith, Chief Programme Development and Innovation Officer at Verra, said: “Keeping forests standing is vital to achieving our global climate goals. Deforestation accounts for as much as a fifth of the world’s greenhouse gas emissions, and carbon markets are the best and most readily available tool we have for forest protection. Today marks a substantial advancement for ensuring the integrity of REDD and supporting the scaling up of these critical activities.” Verra has come under media scrutiny this year for the effectiveness of its carbon credit certifying activity.  

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2024 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top