SETTING THE STANDARDVERRA'S REVOLUTIONARY NEWREDD METHODOLOGYKeeping forests standing is vital to achieving global climate goals.Deforestation accountsfor roughly 20%of global greenhouse gas emissions,and its economic drivers threaten theability to protect the world's trees.Carbon markets can drive urgent finance to these criticalecosystems and protect them today,before they are lost.Leading the charge in market-based solutions to deforestation,Verra has brought togetherexperts from around the globe to craft standards programs and methodologies designed to aidin forest protection.The REDD(Reducing Emissions from Deforestation and Forest Degradation)framework,sinceits inception,has served as a revolutionary method of channeling much needed finance to theprotection of standing forests.It has also empowered local communities to maintain theseforests and their biodiversity,and can contribute to governments'climate commitments underthe Paris Agreement.Today,Verra is announcing the latest breakthroughs in its forest protection portfolio:the newest REDD methodology (VM0048)and module(VMD0055,Avoided UnplannedDeforestation).This groundbreaking release embraces years of scientific improvements and methodologydesign.It defines a new approach to how emission reductions from forest conservationactivities are calculated,unlocking the potential for even more impact.HERE ARE THE TOP FEATURES OF THE NEW RELEASE:Verra will now lead and manage the baseline setting process,using jurisdictional-leveldata that meets stringent requirements and a robust development process.Verra is embracing more advanced technologies,employing advanced remote-sensing technologies coupled with a thorough risk assessment.The new process willdetermine the expected deforestation for a project area,allowing the number ofverified emission reductions from all projects in a jurisdiction to be consistent withjurisdictional-scale accounting.Verra will increase collaboration with national governments,enablingproject baselines to be derived from jurisdictional REDD baselines andenhancing efforts to achieve national climate action targets outlined in theParis Agreement.Verra has reduced the baseline reassessment period from ten yearsto six in all Verra methodologies that address avoiding unplanneddeforestation.VERRAThis significant update reduces the potential for any percieved or actual conflicts of interest atthe project proponent level,enables greater quality control,and supports government action.As a part of our New Era for Verra,we're continuously dedicated to ongoing methodologyenhancements,driven by the latest scientific advancements and practical insights gatheredfrom every type of participant in the carbon market.Today's transformation isn't just a carboncopy of another methodology.It is a substantial industry advancement,helping equip REDDwith greater impact.And this is just the start...VERRA