ICVCM approves three REDD+ methodologies
The Integrity Council for the Voluntary Carbon Market (Integrity Council), an independent body ensuring the quality of carbon credits, has approved three methodologies for issuing high-integrity REDD+ credits. These methodologies are now eligible for the Core Carbon Principles (CCP) label, the ICVCM’s quality standard.
The approved methodologies include:
- (ART) TREES v2.0, TREES Crediting Level
- (VCS) VM0048 Reducing Emissions from Deforestation and Forest Degradation v1.0
- (VCS) Jurisdictional and Nested REDD+ (JNR) Framework v4.1
TREES operates at the government level through the Architecture for REDD+ Transactions (ART) registry. Verra’s VM0048 sets baselines for project-level forest conservation using jurisdictional data, while the JNR Framework provides comprehensive accounting for entire jurisdictions, allowing to “nest” smaller projects within them.
With issuance expected to begin soon, CCP-labelled REDD+ credits could supply up to 423 million credits in their first crediting period, starting in early 2025.
