Verra has announced that projects certified via its Verified Carbon Standard (VCS) Program are eligible for inclusion in the carbon market of Chile. The initiative is aimed at fostering growth in Chile’s carbon market, propel climate action, and fulfill the country’s Nationally Determined Contributions (NDCs). Specifically outlined in Point 17 of Resolution 1420, external certification programs like Verra’s VCS Program are now empowered to certify projects engaging in the Chilean carbon market. These programs, however, must ensure that the carbon credits they issue meet criteria such as being additional, measurable, verifiable, and permanent. They will also need to be globally recognized, maintain a public registry, and assign unique serial numbers to their units.

Source: Carbon Herald