ncx-gitbot
commented
2 years ago NCX response: A tonne-year is simply a unit of carbon account like a kilowatt hour is to a kilowatt for electricity, a unit of volume over time. While tonne-year accounting may not be used widely today in the voluntary carbon market, it has been supported as an alternative to traditional carbon accounting in the scientific literature for many years. One cannot adequately know the full benefit of a solution without adding in the time or duration term. Fundamentally, tonne-year accounting allows for the delivery of realized impact, not presumed future impact on timescales incongruent with the variability of natural systems. Furthermore, tonne-year accounting allows the direct comparison of benefits of different carbon offsets approaches over many different time scales and technologies.
Commenter Organization: International Emissions Trading Association (IETA)
Commenter: Ellen Lourie
2021 Deferred Harvest Methodology Section: No Section Indicated
Comment: First, a point of clarity; in Section 2 of the methodology, it states that a tonne year accounting conversion rate has been separately approved by Verra. This is not quite true – as the public consultation on the VCS program just closed earlier this month and Verra has not yet released the finalised updates to the VCS program (expected end of Q2 2022). Since this important element of the proposed methodology is still subject to change during the finalisation of the updated to the VCS program, it is challenging to fairly evaluate this methodology without having that information confirmed. IETA requests that Verra provide a second opportunity to comment on this methodology if there are any changes that come out in the finalised VCS program updates.
Proposed Change: No Proposed Change