The ICVCM (Integrity Council for the Voluntary Carbon Market) announced that it has approved three REDD+ methodologies. This means that credits issued under these methodologies are eligible for the CCP (Core Carbon Principle) label – the ICVCM’s high quality marker.
Approved methodologies include:
- (ART) The REDD+ Environmental Excellence Standard (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
Rachael Nutter, Global Director of Project Development at Climate Impact Partners, says this is a clear route for REDD+:
“We know that keeping existing forests standing is one of the most effective things we can do for the climate – tropical deforestation contributes up to 20% of annual emissions. Far from turning our backs on REDD+, the ICVCM has signalled the dawning of a new age for these projects, endorsing methodologies that mean we can protect them with confidence through the carbon market. The decision has given REDD+ projects future certainty, providing a transition pathway to ensure they meet the highest quality standards and providing confidence to buyers.
Now the work begins as we delve into the detail of what this transitionary period means and how CCP labelled REDD+ credits can be brought to the market as soon as is feasible.”
REDD+ projects conserve and restore forests, which serve as vital habitats for diverse species and wildlife, safeguarding biodiversity
REDD projects support local communities by providing sustainable livelihoods, improving access to resources, and fostering environmental stewardship through financial incentives for forest conservation
A baby Orangutan born within the protected areas of a REDD+ project
Rangers employed to protect rainforests in the REDD+ project area
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