A consolidated REDD+1 methodology, to be released by Verra in Q3 of 2023, will change the way the carbon market measures impact through new standard guidelines. This updated methodology will evolve existing procedures that demand greenhouse gas (GHG) emissions are quantified to ensure the integrity of conservation activity is maintained at the highest level. Once released, the new REDD+ methodology will outline and strengthen a project’s role in mitigating climate change and reducing the loss of critical biodiversity. This will be completed through:
- Allocated data activity which provides baseline data informed by the project area’s vulnerability.
- Verification of crowdsourced data for deforestation risk so that appropriate inputs are provided to determine the risk of deforestation across the project’s jurisdiction.