Introduction to the VCS Program · Introduction to the VCS Program Sam Hoffer Manager, VCS Program...
Transcript of Introduction to the VCS Program · Introduction to the VCS Program Sam Hoffer Manager, VCS Program...
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Introduction to the VCS Program
Sam Hoffer Manager, VCS Program
Montreal, 8 February 2018
![Page 2: Introduction to the VCS Program · Introduction to the VCS Program Sam Hoffer Manager, VCS Program Montreal, 8 February 2018](https://reader034.fdocuments.us/reader034/viewer/2022042601/5f6371ea440fe00bd93744fc/html5/thumbnails/2.jpg)
Part 1 • How are the emissions units generated by your
programme, mechanism or project?
• How does your programme, mechanism or project track the use of emissions units?
• Where can potential buyers purchase the emissions units generated by your programme, mechanism or project?
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• Procedures for measuring emission reductions
• Specific to project activity
• VCS methodologies cover wide range of project types
• Confirm that projects are accounting for emission reductions properly
• Auditor expertise specific to project activity
• VCS auditors meet strict international accreditation criteria
• System for transparent project and credit information
• Tracks ownership of credits
• Avoids double counting
• Contact info for sellers
VCS Program
• Program structure
• Rules and requirements
• Processes for project certification and credit issuance
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Verified Carbon Units (VCUs)
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Source: EcoSystem Marketplace, State of the Voluntary Carbon Market, Unlocking Potential, May 2017
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Diversity of activities and location VCUs issued by activity type
Energy
Land use
Waste
Mining
Manufacturing
Fuels
Energy demand
Livestock
Transport
Energy distribution
Other
VCUs issued by location Asia, India
Asia, China
Africa
Asia, Southeast
Latin America, Other
North America
Latin America, Brazil
Europe
Asia, Other
Middle East
Oceania
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Part 2
What are the features and benefits of the emissions units generated by your programme, mechanism or project, including the means to ensure their quality?
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Advancing forestry and land use activities
Source: EcoSystem Marketplace, State of the Voluntary Carbon Market, Unlocking Potential, May 2017
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Source: EcoSystem Marketplace, State of Forest Carbon Finance, Fertile Ground December 2017
VCS leading the way
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VCS REDD+ by the numbers
VCS REDD+ methodologies approved 16
VCS REDD+ methodologies under development 3
REDD+ projects approved under VCS 130+
Emission reductions (tCO2e) verified from REDD+ projects 150 million+
VCUs issued by REDD+ projects 60 million+
VCUs retired from REDD+ projects 30 million+
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Pioneering solutions to key challenges
• Non-permanence risk
• Leakage
• Development of innovative methodologies
• Advancing nested REDD+
• Case studies available – please find me
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Aligning REDD+ projects and programs
Project #1
Project # 2
Project # 3
– Leadership role integrating REDD+ projects into jurisdictional programs Developed Jurisdictional and Nested REDD+
accounting and crediting framework (JNR) Compatible with UNFCCC Warsaw Requirements
– Key features Enables governments and project developers to
generate carbon credits for international compliance use (e.g., CORSIA) from:
Jurisdictional programs Nested REDD+ projects
Supports alignment (and nesting) of project and program baselines
Promotes gov’t action and private-sector investment
Jurisdictional Program
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Supporting communities and biodiversity
Source: Johnnah Ranariniaina; Felix Ratelolahy
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Part 3
Where can potential buyers purchase the emissions units generated by your programme, mechanism or project?
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Part 4
How does your programme, mechanism or project track the use of emissions units?
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