Verra

Last week, Verra and the Climate Change Research and Cooperation Centre (CCRCC) hosted a one-day roundtable on Verra’s Verified Carbon Standard (VCS) Program in Ulaanbaatar, Mongolia, to provide an overview of the requirements for registering a project with the VCS Program. The CCRCC is a self-funded state-owned enterprise that operates under the methodological guidance of the Ministry of Environment and Climate Change of Mongolia. Key stakeholders from the public and private sectors attended the event, including representatives from the following organizations: Ministry of Environment and Climate Change (Mongolia) •  Ministry of Energy (Mongolia) • Implementing Agency of the Government Forest Department (Mongolia) • Mongolian Renewable Industries Association • Mongolian National Chamber of Commerce and Industry • Trade and Development Bank of Mongolia • Clean Energy LLC, Nomgon Forestry LLC • United Nations Environment Programme • Deutsche Gesellschaft für Internationales Zusammenarbeit (GIZ; German development agency) • Asian Development Bank, Golomt Bank • Gobi LLC • Ureca LLC • Qleantech LLC • Fruit Association • Unitel • Uvur Burd • JCM • and others. During the capacity-building workshop, Ashok K. Chandhel, Verra’s regional representative for Central and South Asia, delivered the keynote speech. He provided an overview of the carbon markets and the certification process in the VCS Program, including eligible project activities and the independent third-party audit processes by accredited and Verra-approved validation/ verification bodies (VVBs). Vigil Yangjinqi Yu, senior program officer, plastic policy and markets, presented an overview of Verra’s Plastic Waste Reduction Program (Plastic Program), including its rules, requirements, and methodologies. Vigil also discussed how to develop a project and register it in the Plastic Program. Santhosh T Prakasam, director, Verra Registry, and Moulik Wadhwa, senior registry administrator, presented an overview of the Verra Registry, including how to open and manage an account. They also covered the lifecycle of carbon credits, from pipeline listing a project to the issuance and retirement of credits. Andrew Howard, senior director, climate policy and strategy, presented an overview of the Article 6 authorization process and corresponding adjustments, the role of host and buyer countries under Article 6, and Verra’s process for applying Article 6 labels to carbon credits issued by the VCS Program.    The roundtable closed with an open question and answer session. #Verra #StandardsMatter #CarbonMarkets #CarbonCredits #Mongolia

At today's #ClimateWeekNYC event "Towards a Just Transition: The Integrity Dialogue in Voluntary Carbon Markets" (also part of IETA's #NorthAmericaClimateSummit), speakers discussed if new market initiatives and guidance, including by the US government, will effectively strengthen integrity at all levels -- at the environmental, but also at the economic and social level. Citing the strong interest in Verra's new Scope 3 Standard Program -- as evidenced by a well-attended event the day before -- Verra CEO Mandy Rambharos said, "Corporates are looking for how do we do this in a way that is high-integrity, quality, gives certainty around Scope 3 emissions ... So we are working on developing a Scope 3 Program ... That is crucial for the market. ... What we are doing is provide an ecosystem that will show what the data is saying, but also traceability." #Verra #StandardsMatter #ClimateAction #NACS2024

#ClimateWeekNYC - Day 4 is here! Every day we will post on our LinkedIn channel at which events Verra staff will be speaking. If you would like to meet with anyone from our team outside of these events and need help getting in touch, email [email protected]. The Verra team looks forward to connecting with many of you in NYC! 🗽 The Verra Team today at Climate Week NYC: 9-10 am ET What: "Forest Carbon MRV: Can LiDAR Be a Game-Changer for the VCM?" Host: Chloris Geospatial 🎤 with Tasila Banda, director, REDD program development and innovation Where: Sheraton New York Times Square Hotel, 811 7th Avenue, W 53rd St. 10:10-11:10 am ET What: "Towards a Just Transition: The Integrity Dialogue in Voluntary Carbon Markets" (Plenary 4) Host: IETA 🎙️with Mandy Rambharos, CEO Where: Sheraton New York Times Square Hotel, 811 7th Avenue, W 53rd St. Both events are part of IETA's #NorthAmericaCarbonSummit (#NACS2024) and recordings of these sessions will be available one to three weeks after the summit on IETA’s YouTube channel (link in the comments). #Verra #StandardsMatter #CarbonMarkets #ClimateAction #JustTransition

Today at #ClimateWeekNYC, Verra and SustainCERT signed a groundbreaking Memorandum of Understanding (MOU) to accelerate credible corporate Scope 3 action. Reducing Scope 3 emissions, which often represent the majority of a company’s emissions, is critical. However, key challenges prevent corporates from taking action at scale. These challenges include a lack of clarity around the regulatory landscape and limited commercial incentives to invest in value chain decarbonization. Under the MOU, the partners will collaborate to overcome barriers to scale credible corporate Scope 3 action. Specifically, Verra and SustainCERT aim to collaborate on the following: 💡 Standardizing terminology and definitions in the space and providing clarity for corporates to take action ✅ Working on communications to build momentum and trust for credible Scope 3 climate action ➡️ Creating an interface between Verra’s Registry and SustainCERT’s VIVID Platform and unlocking inventory claims in line with international standards (For more information, please see the link in the comments.) The new collaboration was announced at today's #CWNYC2024 event "The Future of Scope 3: The Role of Value Chain Interventions and EACs with Upcoming Standards and Regulatory Changes", hosted by the Value Chain Initiative. Every seat was taken and the standing room was full, too -- signaling the tremendous interest in credible corporate Scope 3 action. "Every single panel this week talked about collaboration," said Verra CEO Mandy Rambharos. "And today, we are finalizing an MOU with SustainCERT. The collaboration will connect Verra's Scope 3 Standard Program with SustainCERT's auditing capabilities and work on enabling companies to credibly report, track, and co-claim impact of interventions." "Our goal really is to scale, we want to scale this market and advance climate action." #Verra #StandardsMatter #ClimateAction #Scope3 #ESG #SupplyChain #ClimateWeekNYC2024

💡At #ClimateWeekNYC, speakers at S&P Global's event "Cross-Market Collaboration: Demonstrating the Value of the Voluntary Carbon Market in Delivering Lasting Climate Action" explored timely topics related to the voluntary carbon market (VCM) discussed how collaboration in the voluntary carbon market (VCM) can bring about meaningful change, strengthen the market, and promote solutions that are innovative, foster trust, and result in impactful climate action. 🎤 When asked where she sees collaboration in the VCM having worked positively, Mandy Rambharos, Verra CEO said, "To have some sort of guardrails, some sort of framework around how the VCM works is very good progress. ... The coming together, the collaboration under the umbrella, for example, of the ICVCM and VCMI is a good, positive move. ... We all have agreements on things like sustainable development goals, the social impacts, the co-benefits, the safeguards -- we see some coalescing around that." 🎤 ➡️ This event was part of IETA's North America Climate Summit (#NACS2024). A recording of the event will be available one to three weeks after the summit on IETA’s YouTube channel (link in the comments). #Verra #StandardsMatter #ClimateAction #CarbonMarets

🎙️Live from GenZero's #ClimateWeekNYC event "The Future of Carbon Markets in a Bifurcated World!" Speakers are discussing how we can make sure that carbon markets continue to play an effective role in mitigating climate change amidst political complexities. 🎤 Mandy Rambharos, CEO at Verra, says, "Investors want certainty, and in a bifurcated world, they face more uncertainty. We have this disparate approach, but we do see standards working together with [other] bodies; we do see [conversation about] US regulation. This work must be globally relevant, but locally anchored, especially in the Global South." #Verra #StandardsMatter #CarbonMarkets #ClimateAction #ClimateWeekNYC2024

“In the global battle against climate change, we are equipped with numerous tools, but none offer the immediacy and broad impact of the VCM,” writes Verra CEO Mandy Rambharos in Quantum Commodity Intelligence. Mandy's article responds to a recent Washington Post opinion piece claiming that a majority of carbon credits do not represent valid emission reductions. She reminds us that we need to tell the whole story of the voluntary carbon market (VCM) if we want to be successful in our collective effort to reach a sustainable, climate-resilient future. To tell the whole story, we also need to share where we see the credibility of the VCM manifest, which is the result of hard work, constant vigilance, and ongoing self-reflection and improvement. In her piece, Mandy also explores the VCM’s key strengths, which include the following: 💡 Core Values: Our shared mission depends on strengthening the social and environmental marketplace through enhanced credibility, adaptability, integrity, and transparency. 💡 Maximizing Impact: The VCM enables companies and stakeholders who are already committed to addressing the climate crisis to do even more. 💡 Global Benefits: Carbon credits are a vital tool for securing finance and supporting diverse projects worldwide. Mandy also shares her hopes for the VCM's collaborative future: “I am committed to engaging in open dialogue with all stakeholders, fostering constant engagement, co-creating solutions, and advancing the credibility of the carbon market through continuous improvement. " Read more: https://bit.ly/47C88yc #Verra #StandardsMatter #CarbonMarkets #ClimateAction

#ClimateWeekNYC - Day 3 is here! ➡️ Every day we will post on our LinkedIn channel at which events Verra staff will be speaking. If you would like to meet with anyone from our team outside of these events and need help getting in touch, email [email protected]. The Verra team looks forward to connecting with many of you in NYC 🗽! 👉 The Verra Team today at Climate Week NYC: ⏰ 9-11 am ET ➡️ The Future of Net Zero: Navigating Big Trends, Transparency, and the Next Era of Carbon Markets ☑️ Host: South Pole 🎤 with Robin Rix, chief legal, policy, and markets officer 📍 Climate Impact “Clubhouse”, Arlo Soho, 231 Hudson Street ⏰ 11 am-1 pm ET ➡️ Panel on MMRV and Ensuring Credibility in Carbon Programs ☑️ Host: Deloitte 🎤 with Michael H. Weiss, regional representative, US and Canada 📍 Deloitte Hub, 1221 Avenue of the Americas ⏰ 11:30 am-12 pm ET ➡️ The Future of Carbon Markets in a Bifurcated World ☑️ Host: GenZero 🎤 with Mandy Rambharos, CEO 📍 The Cure, 345 Park Avenue South ⏰ 1-2 pm ET ➡️ Cross-Market Collaboration: Demonstrating the Value of the Voluntary Carbon Market in Delivering Lasting Climate Action (NACS) ☑️ Host: IETA 🎤 with Mandy Rambharos, CEO 📍 Sheraton New York Times Square Hotel, 811 7th Avenue, W 53rd St ⏰ 2:15-3:15 pm ET ➡️ Sky’s the Limit: Aviation’s Net Zero Journey Through Carbon Markets (NACS) ☑️ Host: IETA 🎤 with Andrew Howard, senior director, climate policy and strategy 📍 Sheraton New York Times Square Hotel, 811 7th Avenue, W 53rd St ⏰ 3:30-4:15 pm ET ➡️ The Future of Scope 3: The Role of Value Chain Interventions and EACs with Upcoming Standards and Regulatory Changes ☑️ Host: Value Chain Initiative 🎤 with Mandy Rambharos, CEO 📍 ILA Penthouse and Rooftop Garden, 253 West 28th Street, FL 7 #Verra #StandardsMatter #ClimateAction #CarbonMarkets

📢 Verra's side event at #NACS2024, part of #ClimateWeekNYC, is in full swing! The space is packed and not even standing room is available. Clearly "What Will It Take for the Voluntary Carbon Market (VCM) to Thrive?" is on everybody's mind! 💡Here are a few remarks from the event: 🎙️ "Why the VCM? Not because we want to generate revenue from carbon credits... We need to remember the purpose ... and that is to address climate change, .. to address mitigation and emission reductions in the most cost-effective manner." Mandy Rambharos, Verra CEO 🎙️ "When an airplane takes off, there will be turbulence, but the US Treasury is here to help buyers and sellers get what they need." Dini Ajmani, deputy assistant secretary, United States Treasury Thank you to everyone who joined us. We look forward to defining the future of the VCM together! #Verra #StandardsMatter #ClimateAction #CarbonMarkets

Verra and Citi, a leading financial services company, today signed a Memorandum of Understanding (MOU) during #ClimateWeekNYC, paving the way for more dynamic market solutions to pressing global challenges. The collaboration aims to enable Citi to deepen its expertise in the social and environmental markets through practical engagement with Verra’s landmark Verified Carbon Standard (VCS) Program and Plastic Waste Reduction Program (Plastic Program). In turn, Citi will provide Verra with valuable insights into innovative financial tools that can integrate with Verified Carbon Units (VCUs) and Plastic Credits. 📃Key elements of the MOU: ☑️ Capacity Building: Verra will provide Citi with specialized training on the VCS and Plastic Programs. ☑️ Collaboration on Financial Instruments: Citi will explore the development of innovative financial products that align with Verra’s standards programs. ☑️ Engagement with Market Participants: Citi may invite potential market participants and other stakeholders to join webinars, workshops, and seminars on these topics. To read more, see the link in the comments. #Verra #StandardsMatter #ClimateAction #CircularEcconomy #CarbonCredits