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Verra’s Consolidated REDD methodology for high-integrity forest carbon projects

Presented by Basanta Gautam (Verra) at "Bonn Climate Change Conference (SB58) side event: High-integrity forest carbon markets: from global stock-taking to advancing science" on 8 Jun 2023

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1
Basanta Gautam
Manager, REDD+ Technical Innovation
Email: bgautam@verra.org
Website: www.verra.org
Verra’s Consolidated REDD methodology for
high-integrity forest carbon projects
2
Content
1) About Verra
2) Overview of Verra’s REDD methodologies
3) Consolidated REDD methodology
– Main features
– Accounting approach
4) Opportunities and challenges
5) Key resources
3
Verra
• Driving large-scale investment toward high-impact activities that tackle the most pressing
environmental and social issues of our day
4
Overview of Verra’s REDD work
Existing REDD
methodologies
Consolidated
REDD
methodology
Standalone projects Jurisdictional programs and
nested projects
5
Consolidated REDD methodology
Ensuring the integrity of GHG accounting for individual projects within a jurisdiction
and enabling the utilization of the most up-to-date science, data, and technologies
6
Main features of the consolidated REDD methodology
▪ Jurisdictional-level baseline activity data (led by Verra) for high-integrity
forest carbon projects
▪ Alignment of project accounting (and safeguard systems) at the
jurisdictional level, in keeping with UNFCCC REDD, Paris Agreement, and
nationally determined contributions (NDCs)
▪ Shorter historical reference period (6 years)
▪ Deforestation risk-based allocation at the jurisdictional level
▪ Use of crowdsourced data/information
▪ Jurisdictions/governments engagement & collaborations with other
REDD+ initiatives/standards/institutions
Ad

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Verra’s Consolidated REDD methodology for high-integrity forest carbon projects

  • 1. 1 Basanta Gautam Manager, REDD+ Technical Innovation Email: bgautam@verra.org Website: www.verra.org Verra’s Consolidated REDD methodology for high-integrity forest carbon projects
  • 2. 2 Content 1) About Verra 2) Overview of Verra’s REDD methodologies 3) Consolidated REDD methodology – Main features – Accounting approach 4) Opportunities and challenges 5) Key resources
  • 3. 3 Verra • Driving large-scale investment toward high-impact activities that tackle the most pressing environmental and social issues of our day
  • 4. 4 Overview of Verra’s REDD work Existing REDD methodologies Consolidated REDD methodology Standalone projects Jurisdictional programs and nested projects
  • 5. 5 Consolidated REDD methodology Ensuring the integrity of GHG accounting for individual projects within a jurisdiction and enabling the utilization of the most up-to-date science, data, and technologies
  • 6. 6 Main features of the consolidated REDD methodology ▪ Jurisdictional-level baseline activity data (led by Verra) for high-integrity forest carbon projects ▪ Alignment of project accounting (and safeguard systems) at the jurisdictional level, in keeping with UNFCCC REDD, Paris Agreement, and nationally determined contributions (NDCs) ▪ Shorter historical reference period (6 years) ▪ Deforestation risk-based allocation at the jurisdictional level ▪ Use of crowdsourced data/information ▪ Jurisdictions/governments engagement & collaborations with other REDD+ initiatives/standards/institutions
  • 7. 7 Accounting approach of the consolidated REDD methodology Establish jurisdictional baseline activity data •Satellite imagery (min 10-30m) •Forest cover benchmark map •Sample-based area estimation Establish a jurisdictional deforestation risk map •f(distance to forest edge) Allocate activity data per risk class to VCS REDD projects Develop baseline, implement project, monitor •Apply project- specific emission factors to allocated activity data Independent technical assessment VVB assessment Step done by Verra Step done by independent third party Step done by project proponent Crowdsourced inputs
  • 8. 8 Opportunities and challenges ▪ Opportunities – Jurisdictions/governments engagement – Collaborations with different jurisdictional REDD+ initiatives/standards – Minimizing leakage risk at jurisdictional-level ▪ Challenges – Reaching out to governments in REDD+ countries – Alignment of datasets/results with national FRELs – Understanding that achieving Verra’s market-quality FREL/AD requirements may take time
  • 9. 9 Key Verra REDD+ resources Drafts Draft Methodology for Reducing Emissions from Deforestation and Forest Degradation Draft Module for Estimation of Emissions Reductions from Avoiding Unplanned Deforestation Invitations to contribute RFP for Development of Jurisdictional Activity Data and Forest Cover Benchmark Maps Submission of supplemental materials from stakeholders Subject to change before public- ation Project transition timeline Jurisdictional and Nested REDD+ Framework REDD methodology JNR Framework
  • 10. 10 Thank You One Thomas Circle NW Suite 1050 Washington, DC 20005 www.verra.org