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Verra has released a guidance document titled ABACUS Label Guidance, v1.0, which contains the eligibility criteria, requirements, and procedure for project proponents wishing to apply the ABACUS label to their VCUs.

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The launch of this label follows a public consultation that ran from November 15, 2023, through January 8, 2024. Verra received 130 comments from 11 stakeholders during the consultation; this feedback is summarized in the ABACUS Label Public Consultation Response document.

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The ABACUS label identifies carbon credits generated under Verra’s high-integrity ARR methodology that exceed the methodology’s requirements, enabling Verra and stakeholders to test new concepts that further advance credit integrity and quality. The availability of the ABACUS label will help catalyze the market for such high-integrity greenhouse gas removal credits that qualify for it.

Development of the label was supported by a working group that included representatives from Amazon, Conservation International, The Nature Conservancy, Environmental Defense Fund, Pachama, Terra Carbon, Stanford Woods Institute for the Environment, SCS Global Services, and University of California, Berkeley.

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As with all its methodologies and standards programs, Verra will continuously update the ABACUS label to ensure that it reflects the best and most recent science and technology. For example, Verra expects to revise the label when revised versions of VM0047 and the associated VMD0054 Module for Estimating Leakage from ARR Activities are published.

Verra is a nonprofit organization that operates standards in environmental and social markets, including the world’s leading carbon crediting program, the Verified Carbon Standard (VCS) Program.

Projects wishing to apply the ABACUS label to their VCUs must go beyond the requirements of Verra’s ARR methodology in the following aspects:

Verra, in partnership with an Amazon-led working group, has launched the ABACUS label, a new market label that can be applied to Verified Carbon Units (VCUs) from projects verified to the new Afforestation, Reforestation, and Revegetation (ARR) methodology (VM0047) in Verra’s Verified Carbon Standard (VCS) Program. The label is now available on the Verra Registry.

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