Call for Projects to Pilot SD VISta Nature Framework and Biodiversity Methodology: Complete Information on eligibility criteria and how to apply

Introduction: Call for Projects to Pilot SD VISta Nature Framework and Biodiversity Methodology is inviting application to pilot the said project. Pilot projects will have the opportunity to help shape the Nature Framework, and will be prepared to start the registration process once Verra publishes them.

Last Date to Apply: 4th  August 2023

About the Organisation

Verra was founded in 2007 by environmental and business leaders who saw the need for greater quality assurance in voluntary carbon markets. We now manage the world’s leading voluntary carbon markets program, the Verified Carbon Standard (VCS) Program, as well as a suite of other programs, incubate new ideas to generate meaningful environmental and social value at scale, and advance the use of these programs worldwide.

Piloting Objective Of Projects to Pilot SD VISta Nature Framework and Biodiversity Methodology

The piloting process aims to test the clarity, reasonableness, local appropriateness, scalability, and ease of use of the Nature Framework and biodiversity methodology in real-life projects.

Projects to Pilot SD VISta Nature Framework and Biodiversity Methodology

By participating in the pilot process, projects will receive the following benefits:

• Having the opportunity to help shape the Nature Framework and biodiversity methodology

• Joining a pipeline of projects ready to start the registration process once Verra publishes the biodiversity methodology

Scope and Responsibilities Projects to Pilot SD VISta Nature Framework and Biodiversity Methodology

 Pilot project proponents will be responsible for developing a simplified draft project description (PD) template (provided by Verra) and submitting it with supporting documents for Verra’s review. The draft PD should include detailed project design and implementation information and define how the project conforms to the draft Nature Framework and biodiversity methodology requirements.

Verra will conduct a desk review of the information and provide pilot projects with technical support, including guidance and clarifications regarding the draft Nature Framework and biodiversity methodology requirements.

During the piloting, the review and revision of project documents will help Verra refine the draft Nature Framework and biodiversity methodology. Participants will provide guidance and advice for Verra’s consideration but will not have decision-making power.

How to Apply for Projects to Pilot SD VISta Nature Framework and Biodiversity Methodology

Interested project developers are invited to apply for piloting by August 4, 2023, via this application form. If you have questions about the Nature Framework and biodiversity methodology, please contact Amy Thom, Manager, Sustainable Development Innovation (athom@verra.org).

Verra aims to select pilot projects by August 25, 2023, and to hold an introductory piloting webinar in early September. The appointment of pilot projects will be at Verra’s sole discretion via direct invitation from the list of applicants.

More Details about the Projects to Pilot SD VISta Nature Framework and Biodiversity Methodology

Verra has launched an open call for projects to pilot its SD VISta Nature Framework (PDF) and biodiversity methodology. Interested project proponents are invited to apply by August 4, 2023. Pilot projects will have the opportunity to help shape the Nature Framework, and will be prepared to start the registration process once Verra publishes them.

The Nature Framework seeks to drive finance to critical nature conservation and restoration activities, while helping to meet the Global Biodiversity Framework (opens in a new tab) goals and targets. Verra plans to release a draft version of the Nature Framework for public consultation in September 2023.

Project proponents using the Nature Framework will be able to verify the biodiversity outcomes of their projects and issue tradable nature credits as standalone assets. Companies and investors can buy nature credits to support high-quality projects and local communities while derisking their value chains and contributing to a nature-positive world.

The Nature Framework will outline the core concepts and principles for nature credits, including social and environmental safeguards that will ensure their integrity and quality. The Nature Framework will provide information about the characteristics of standardized units and their measurement, including additionality, project time commitment, credit durability, and baseline scenario.

The purpose of the pilot is to test the clarity, reasonableness, local appropriateness, scalability, and usability of the draft Nature Framework.

Details about the SD VISta Nature Framework piloting process, including criteria and application instructions, can be found in the Terms of Reference (PDF). Verra welcomes applications from conservation and restoration projects from all geographies, ecosystems, and biomes.

The piloting process is expected to start in early September.

Reference Website Verra Link

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