Verra announces new carbon capture and storage methodology
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Verra, a certifier of voluntary carbon offsets, announced the release of the Verified Carbon Standard (VCS) Methodology VM0049 Carbon Capture and Storage.
The standard, known as VM0049, is a framework for technology-based carbon capture and storage (CCS) activities that generate carbon dioxide removals (CDRs) and emission reductions and are applicable globally.
The VM0049 provides guidelines for CCS projects to ensure compliance with requirements. It also includes a selection of modules that can be applied to different CO2 capture, transport, and storage activities.
Also read: International Organization for Standardization (ISO) to develop international standard on Net-Zero
These applications allow the projects to quantify the CDRs and emission reductions generated. In addition, these modules can be paired according to a project’s specific design or its requirements.
The modules are flexible and easily adaptable to “project expansions, the development of shared infrastructure, and future innovations”, according to the company announcement.
Verra announced that it plans to release the first batch of modules of the new technology in the next few months targeting areas such as direct air capture (DAC), CO2 transportation, and CO2 storage saline aquifers and depleted oil and gas reservoirs.
It also announced that is working on developing additional modules covering a broader range of activities supported by VM0049.
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