Verified Carbon Standard (VCS) Methodologies are technical documents used by project developers to quantify the GHG benefits of different project types. They also set out requirements for project developers to determine project boundaries, set baselines and assess additionality.
The voluntary carbon market operates through the trade of carbon credits. Each credit represents the removal or avoidance of one metric ton of carbon dioxide (CO2) from the atmosphere. Businesses offset their emissions by purchasing these credits from projects that reduce or sequester greenhouse gas emissions.
VCS Technology (Volume, Conductivity, and Scatter): This method employs three key parameters: Volume (V): Measured using electrical impedance to determine cell size. Conductivity (C): Analyzes the ability of a cell to conduct an electric current, revealing internal structures like the nucleus and cytoplasm.
Centralized version control systems were the first designed VCS and are based on the principle that there exist only one central copy of your project (somewhere on a server) that contains the full history of your changes. Each contributor of the project will "commit" their changes to the central copy.
The Verified Carbon Standard (VCS) Program is the world's most widely used greenhouse gas (GHG) crediting program. It drives finance toward activities that reduce and remove emissions, improve livelihoods, and protect nature.
Methodology determinations or 'methods' set out the eligible activities, that you can do to generate Australian Carbon Credit Units (ACCUs), and the rules for undertaking projects and calculating the emissions reductions.
VCS methodologies set out detailed procedures for quantifying the real greenhouse gas (GHG) benefits of a project and provide guidance to help project developers determine project boundaries, set baselines, assess additionality, and ultimately quantify the GHG emissions that were reduced or removed.
While Verra VCS focuses on renewable energy, energy efficiency, and forestry projects, the Gold Standard covers a broader range of project types, including waste management and community services. The Gold Standard also has a strong emphasis on sustainable development and social benefits.
Verra's Methodology Change and Requantification Procedure allows VCS Program projects to update methodologies used in past verification periods, align previous monitoring and verification reports with updated methodology versions, and requantify greenhouse gas (GHG) emission reductions and removals from past periods.
As a standard, Verra sets rules and requirements for carbon credit projects to ensure that they achieve measurable, high-integrity outcomes. As a carbon credit registry, it keeps a public database of all registered Verra projects and the issued and retired carbon credits.