ICVCM approves VM0047 ARR methodology

The ICVCM (Integrity Council for the Voluntary Carbon Market) announced that it has approved the VM0047 ARR (Afforestation, Reforestation, and Revegetation) methodology, meaning that credits issued under this methodology are eligible for the CCP (Core Carbon Principle) label – the ICVCM’s high-quality marker.

This comes after the ICVCM approved three REDD+ methodologies for CCP eligibility last month.

Rachael Nutter, Global Director of Project Development at Climate Impact Partners, says this is an exciting moment for forestry projects and enhanced carbon calculations:

“It is great to see the ICVCM’s approval of the VM0047 ARR methodology. It is an exciting moment for the 24 projects currently being reviewed under this methodology. The widely-consulted changes in this new methodology give enhanced robustness in the carbon calculations, for example utilising remote sensing technologies to continually assess the baseline, an ongoing additionality evaluation, plus extending project longevity. We are looking forward to being amongst the first to have fully registered projects under this CPP-approved methodology.”