What is the Verified Carbon Standard (VCS)/VERRA?

24 January 2020

The Verified Carbon Standard was developed for exclusive use on the voluntary market. Designed by the Climate Group and the International Emissions Trading Association (IETA), it aims to create a new trading unit called a Voluntary Carbon Unit (VCU). Best practices from the existing market place were brought together, such as the additionality and baseline principles of the CDM, and the accounting principles of the GHG protocol for Project Accounting.