Verra

Verra and S&P Global Commodity Insights (S&P) yesterday announced a new partnership that will see Verra overhaul its registry using S&P’s registry-build infrastructure software. The organizations say that the partnership is a major step toward “more scalable, interoperable, and digitally integrated infrastructure” and represents collaboration between the world’s largest standards body for climate action and sustainable development and the world’s largest commodities and benchmark information provider. The new registry will roll out in two stages, with a foundational phase launching within the next six months and the second phase launching in 2026. It is expected to include: Integration, and a two-way data exchange, with the Verra Project Hub, enabling project proponents to prepare project documents and move through the full lifecycle (i.e., registration, monitoring, issuance) with less duplication and greater efficiency; Expanded digitization and system connectivity, reducing administrative burden for developers and accelerating verification and credit issuance timelines; Transaction-ready application programming interfaces (APIs) that allow for automated transfers and retirements, replacing manual processes and enabling frictionless, high-volume trading across brokers, exchanges, and marketplaces; Improved transparency and customizable reporting tools; and Foundational infrastructure for future innovations, including expanded Article 6 and CORSIA functionality and integration with various programs, governments, market participants, exchanges, insurers, and financial platforms. We anticipate that details on timelines, new access procedures, and system improvements will be announced in September. The Verra-S&P partnership follows the January 28, 2025 announcement that Winrock International’s Environmental Resources Trust (ERT), will use Intercontinental Exchange, Inc.’s (ICE’s) registry technology service, ICE GreenTrace, for its crediting programs: American Carbon Registry (ACR); the Architecture for REDD+ Transactions (ART); and the new sectoral crediting standard in development for the Energy Transition Accelerator (ETA). For further information or to discuss the contents of this bulletin, please contact Lisa DeMarco at lisa@resilientllp.com or Jonathan McGillivray at jonathan@resilientllp.com.

One of the leading voluntary carbon market standards, Verra, recently announced the launch of its “Project Tracker”, the first component of its digitalization initiative and the first functionality of the new Verra Project Hub. Verra also published an overview of the most recent updates to the Verra Registry. This bulletin briefly summarizes key information on the launch of the Project Tracker and important updates to the Verra Registry: Project Tracker and Project Hub Launch Verra’s Project Tracker provides stakeholders with increased information and visualization of project details including the status of each project in a bar diagram. This is intended to enable stakeholders to view project progress from initial listing to registration, validation, and verification. Verra indicated that the Project Tracker is linked to its customer relationship management platform, enabling automatic data synchronization. Verra noted that it intends to expand the Project Hub’s features to (i) facilitate the online submission of new projects for review, (ii) a digital assessment of a project’s non-permanence risk, and (iii) direct interaction with project auditors. Verra Registry Updates Announced updates to the Verra Registry include the following: New project status added. A new project status, “Pipeline Listing (Under Development) Approved”, has been added to the workflow for projects seeking registration in the Verified Carbon Standard (VCS) Program. ERR Calculation Spreadsheet. A new document type specific to emission reductions and removals (ERR), titled “ERR Calculation Spreadsheet,” has been added to the drop-down list of available project document types. Locking of Account Setup Fields.The fields in the “My Account Setup” module for all Verra Registry accounts are now locked for editing after Verra has approved the account. Locking of Project Setup Fields.Once a submitted project is no longer under the status of “New,” the project’s setup page will be locked for editing. This applies to all Verra projects in any…

Verra and S&P Announce Major Registry Partnership

Verra Announces Digital Platform Functionality and Verra Registry Updates